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Pound-Dollar Rate Becomes Key Battleground for EUR/USD Bulls as Brexit Chatter Adds to Noise

From poundsterlinglive.com

The Pound-to-Dollar rate has become a key battleground for Euro bulls as the trade-weighted single currency scales new highs, throwing a spanner in the works of a market looking to see more losses for the greenback and a sustained European outperformance of the British currency. Sterling was an outperformer ahead of Thursday's close after a noon correction in major exchange rates gave way to a faster recovery in the Pound-to-Dollar rate than was seen with other currencies relative to the greenback, with that playing out amid an update on the Brexit negotiations. {tweet} Irish Taoiseach Michael Martin was reported to ... (full story)

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  • Category: Fundamental Analysis