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How Low Can the Pound to US Dollar Rate Go? Just Ask the Euro
The Pound to Dollar exchange rate slumped in sympathy with the broader European currency complex ahead of the weekend and could be on course to slice through a major Fibonacci retracement and test key weekly moving average around 1.3122 over the coming days. Pound Sterling came under significant pressure against all but the most volatile of continental and emerging market counterparts Friday as the European currency complex sank further in response to the escalating financial, economic and humanitarian fallout from Russia’s attack on Ukraine. The Pound-Dollar rate’s losses have built in tandem with an even larger ... (full story)