Fundamental view: The British pound rallied against the greenback in the previous week but then pulled back to reach a level of 1.3750 level. Dollar was supported with the Higher yields, with every move in US ten-year yields rocking the greenback. The world's reserve currency advanced each time the global benchmark jumped above 1.5% and retreated [...]
Fundamental view: The British pound rallied during most of the week to reach towards the 1.41 handle. The pound has rallied after UK PM Johnson presented a compelling exit strategy. "Incomparably better" – was the word Prime Minister Boris Johnson has described Britain's position in the summer, after laying out a much-anticipated exit plan. The pound is [...]
Fundamental view: The British pound has rallied significantly to take out the 1.40 level. Reaching this level is a mix of British of upbeat UK corona virus statistics and a twist lower in the dollar amid yield-moving stimulus speculation. The British variant is the reason or excuse of several countries struggling to cope with COVID-19. [...]
Fundamental view: The Pound has recovered against greenback in the past week. One in every five Brits has received at least one covid vaccine dose – double the rate than in the US and far above Europe. The immunization campaign continues at full force, but Prime Minister Boris Johnson has urged further patience. Still, forex traders tend to [...]
