Fundamental view: The British pound initially tried to rally a bit during the course of the week but gave back the gains rather quickly as as the UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. US Democrats' win of the Senate sparked a mixed dollar reaction. Prime Minister Boris [...]
Fundamental view: The British pound pulled back a bit during the course of the week, but then turned around to form a bullish rally. The pound surged on the broad dollar’s weakness and despite a tepid market’s mood. In the past week, the UK reported over 50K new coronavirus cases, resulting in UK Health Secretary Matt Hancock announcing [...]
Fundamental view: British pound traders have had a wild week initially but later in the week showed a bullish trend against greenback. Meanwhile Brexit is in its final hours of negotiation. Negotiation between the United Kingdom and the European Union is still going as arguing about fish is still on. United Kingdom is locking down its [...]
Fundamental view: The British pound has rallied to break above the 1.35 level during the week. The EU and the UK leveled up the pound with Level-Playing Field progress – and now it is down to fish to seal a Brexit deal. Apart from the incessant noise of headlines from the talks, investors may have time to take [...]
