US Federal Reserve

The British Pound rallied against the Dollar in the immediate wake of the Federal Reserve's November policy update to record a half-percent gain on the day.

The Pound-to-Dollar exchange rate was close to 2021 lows and vulnerable to further losses after the Federal Reserve turned ‘hawkish’ in its guidance.

For the Dollar bulls, this miscalculation has proven costly.

The Pound-to-Dollar exchange rate entered the Thursday session on the back foot but having weathered better than many others the Federal Reserve’s revelation that it will likely announce as well as commence a tapering of its quantitative easing programme before year-end, triggering a rally by the Dollar in response.

Dollar demand is intact with no less than three Federal Reserve members having already this week said the time to start reducing the Fed's asset purchase programme is fast approaching.

Comments from a prominent member of the Federal Reserve sent a message to foreign exchange markets that the Dollar will likely remain supported against the Euro for a while yet, delaying the prospects of a material recovery in the Euro-to-Dollar exchange rate (EUR/USD).

The Pound-to-Dollar exchange rate entered the penultimate session of the week probing the 1.39 handle following overnight Dollar declines that came after Federal Reserve Chairman Jerome Powell took with one hand what the bank itself had previously appeared to give with the other.

The highlight of the week for the U.S. Dollar and global markets approaches in the form of Wednesday's Federal Reserve policy update.

The Dollar was up sharply against major peers following the release of U.S. inflation numbers that were significantly stronger than expected.

The Pound-to-Dollar exchange rate entered the penultimate session of the week appearing well supported after minutes of June’s Federal Reserve (Fed) meeting asked awkward questions of market assumptions about the bank’s timeline for ending its quantitative easing (QE) programme and lifting interest rates.

The U.S. Dollar recorded a 2.0% advance against the British Pound in the month of June and how the coming days and weeks play out for the U.S. currency could well depend on the July 02 jobs report.

The Dollar advanced against all major rivals ahead of an important Tuesday address from Federal Reserve Chairman Jerome Powell (Fed) which is set to determine if the greenback seeks to advance further in the weeks ahead, or if it eventually settles into a low volatility summer range.

Foreign exchange analysts are backing further Dollar strength in the wake of the U.S. Federal Reserve meeting, but the Euro-Dollar exchange rate's dip below 1.20 could ease selling pressures as bargain hunters return to the market.

The Pound-to-Dollar exchange rate was walking wounded near the bottom of its recent range Thursday after the Federal Reserve (Fed) triggered a sharp rally by the Dollar when announcing slightly adapted economic forecasts and guidance for monetary policy late on Wednesday.

Wednesday's Federal Reserve event presents the highlight of the week for the foreign exchange market with the outcome potentially setting the tone for currency markets over coming weeks.

The Pound-to-Dollar exchange rate was softer but off overnight lows in the mid-week session, alongside a once downtrodden Dollar, but could face further indecisive trading ahead as an evolving Federal Reserve (Fed) policy conversation leans against strength in Sterling.

The U.S. Dollar deflated in broad overnight losses, enabling the Pound-to-Dollar exchange rate to decisively reclaim 1.39 before looking toward the landmark 1.40 handle after the Federal Reserve stayed a steady and stable monetary policy course in April.

Investors are turning to the Euro once more as they anticipate it to rise in value against the U.S. Dollar, however the mid-week meeting of the U.S. Federal Reserve could determine whether these bets face a near-term setback.

U.S. inflation is heating up according to new data out on Thursday, prompting one economist to say pressure will now build on the Federal Reserve to raise interest rates.

The Dollar almost cleared from the market the last semblances of resistance to its resurgence on Friday when besting all other major currencies, after the Federal Reserve (Fed) called time on an almost year-long reprieve from some of the onerous capital requirements typically imposed on commercial banks.