Pound to Snap 3-Week Win

FxPremiere.com – Forex Signals The pound looked set to snap a three-week winning streak on Friday.

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GBP/USD fell 0.04% to $1.3557, and is on track to post a weekly drop for the first time in four weeks. CFTC positioning data, released Friday, showed that speculators trimmed their net long position on sterling in the week ended Jan.5, by 1,000 contracts, to 4,000. Pound Higher on Brexit Deal

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“Harsh lockdown measures will continue for at least another month, which should make for a second consecutive pullback in GDP in Q1/21,” RBC said in a note. Pound Skids to Three-Week Low

Losing Despite Winning At Trades

“Most central banks are in a holding pattern at the moment and will evaluate the need for any tweaks to their asset purchase programs this year. But with the UK economy facing a longer road to recovery. Forex Signals – EUR/USD to Snap 2 Week Losing Streak

Pound to Snap 3-Week Win

BUENOS AIRES (Reuters) – Brazil’s real will likely stay on pause in coming weeks around the mid-point of its recent wide trading range, as strategists focus on advances in vaccination efforts by President Jair Bolsonaro’s government, a Reuters poll showed.

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The Brazilian currency was quoted at 5.33 per U.S. dollar on Thursday, close to the medium value between its weakest levels of May 2020, when COVID-19 hit local markets with full force, and a short-lived high the following month.

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The currency is seen at 5.20 in 30 days, holding its ground before appreciating slowly to tentatively cross the 5.0 mark for the first time in 18 months at the end of 2021, according to the median estimate of 22 FX strategists polled Jan. 4-6.