Pound-Dollar Retreats From 100-day MA
- Category: USD
Pound sterling has found a ceiling against the dollar as oil prices find a floor amidst the realisation the Strait of Hormuz is still closed.
The British pound is vulnerable to further weakness against the dollar in the coming days.
Mixed signals from the U.S. President keep the dollar bid.
Pound-Dollar Rate in De-escalation Rally
- Category: USD
The pound rose against the dollar on Wednesday, carried higher by growing hopes that the Iran conflict may be moving toward resolution – but analysts warn the rally is fragile and the broader downtrend remains intact.
