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Pound-US Dollar Week Ahead Forecast: Looking Higher as USD Slips and Risk Appetite Expands

From poundsterlinglive.com

The Pound-to-Dollar exchange rate entered the new week on the offensive and looked to be making a concerted attempt at reversing its March declines as the technical picture brightened on the charts and a pending reopening process brought an economic recovery into view on the horizon. Sterling was the best performing major currency on Monday with its advance led by the Pound-Dollar rate, which rose almost half a percent to overcome its 55-day average at 1.3832 before looking higher toward 1.39. The Pound outperformed as the UK prepared to take its first steps in reopening, which begins in earnest from April 12, while ... (full story)

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  • Category: Fundamental Analysis