Is we should Leave Forex Trading after three times losses?

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Widening interest rate differentials between the United States and the rest of the world, driven by a confident U.S. Federal Reserve, has fueled an unlikely dollar rally this year. However, weak data in recent weeks has clouded the currency’s prospects for next year.

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The greenback strengthened versus a basket of currencies that includes the euro as traders trimmed their earlier bets on a less aggressive Federal Reserve.

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The euro hit a three-month peak versus the pound at 90.47 pence. It was last up 0.77 percent at 90.22 pence.

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At 10:21 a.m. (1521 GMT), the sterling GBP=D3 was down 0.63 percent at $1.2645 after touching $1.2606, which was the lowest since June 2017.

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The U.K. parliamentary vote for May’s Brexit proposal was set for Tuesday. Opponents and supporters of Brexit joined in opposition to her deal.

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“It’s definitely weakening the pound,” said Chuck Tomes, associate portfolio manager at Manulife Asset Management in Boston. “It’s casting more uncertainty about a Brexit vote.”

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The greenback enjoyed a mild recovery following its steepest weekly drop versus a basket of currencies in three months last week, as traders reduced their expectations that the Federal Reserve might pause its interest rate hikes sooner than previously thought.

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NEW YORK (Reuters) - The pound slid to its weakest level in nearly 1-1/2 years against the dollar on Monday as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal, rekindling doubts about U.K.’s departure from the European Union in March.

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Sterling tumbles on Brexit worries; dollar rebounds

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With reporting by Stephen Morris and Laurence Fletcher in London