[Key Currency "Dollar$" Special Feature⑤] Pound-Dollar Edition: 2021 Dollar-Direct Currency Pair Big Forecast
【Feature】 A Reserve Currency Is Not a Joke!
Conquer the FX by Conquering the Dollar!
The dollar, as a reserve currency, is said to account for half of all trading volume in the FX market. Many Japanese traders plan their trade strategies around the yen and other currency pairs, but the basis and reference for foreign exchange and trade are centered on the dollar. By learning about the dollar, you can gain an edge in FX. Here, we start by unraveling the history of the dollar, learn through a helpful FX Q&A, and then look at the outlook for the dollar/yen and other dollar pairs toward 2020.
・① Review of the reserve currency dollar — exploring the king of currencies!
・② Learn useful FX questions related to the dollar through a Q&A
・③ USD/JPY: 2021 Dollar-Strength Forecast for major pairs
・④ EUR/USD: 2021 Dollar-Strength Forecast for major pairs
・⑤ GBP/USD: 2021 Dollar-Strength Forecast for major pairs ←This article ends here
・⑥ AUD/USD: 2021 Dollar-Strength Forecast for major pairs
※This article is a reprint/edit of FX攻略.com February 2021 issue. Please note that the market information written in the text may differ from the current market situation.
Among major currency pairs, the volatility of the widely traded GBP/USD is overwhelming. The UK’s withdrawal from the European Union (EU) has been a major topic, and from 2021 it officially becomes a Brexit scenario; as we are now within a month of that, there are still uncertainties about trade negotiations. Additionally, the high number of coronavirus cases in the UK is likely to be another key factor for the future direction of GBP/USD.
