U.S. Economy

The Dollar fell to fresh multi-month lows against Pound Sterling after new data showed inflation in the world's largest economy continued to cool, raising expectations the Federal Reserve has ended its interest rate hiking cycle.

Non-Farm Payrolls have now exceeded expectations for a record 13 straight months.

A batch of U.S. data printed relatively firmly on Thursday, offering support to the Dollar just days before the U.S. Federal Reserve's next policy decision.

New research finds that the recent increase in permanent job losses in the U.S. could lead to a sharp rise in unemployment and investors should position for a U.S. recession starting in 2023 unless the number of job losers drops significantly in the coming months.

Federal Reserve rate hike expectations for the next meeting in May have tightened, despite rising U.S. recession fears.

The Dollar rallied and stocks fell on the release of U.S. retail sales data that came in well below expectations.

Stocks rose and the Dollar retreated after U.S. inflation fell at a faster rate than investors were anticipating in March.

The Pound to Dollar exchange rate further reversed some of the week's gains in Good Friday trade after non-farm payrolls figures cast the U.S. labour market in a resilient light but also confirmed a continuing slowdown in employment growth while revealing job losses in some parts of the economy.

The Dollar lagged major peers as investors bet banking sector woes have passed and U.S. labour market data pointed to an increase in joblessness ahead.

Dollar exchange rates were unable to recoup losses on Tuesday after U.S. inflation came in largely as expected, even if the Core CPI inflation reading was somewhat hotter than expected.

The Dollar was softer after the U.S. economy created over 300K jobs but the rate of increase in wages was softer than the consensus was anticipating.

The Dollar rebounded ahead of the weekend after a key survey of the U.S. economy came in stronger than markets were expecting.

The Dollar went higher in the immediate aftermath of the release of data showing U.S. inflation picked up in January, defying the Federal Reserve's best efforts to bring an end to historically elevated price rises.

GBP came under significant pressure against the EUR and USD ahead of the weekend following the release of surprisingly strong U.S. Data.

The Pound to Dollar exchange rate's losses deepened ahead of the weekend after a surge in U.S. non-farm payrolls sent currencies like Sterling and the Euro tumbling while forcing investors to look again at assumptions about the outlook for Federal Reserve (Fed) interest rates.

The Pound to Dollar exchange rate remained buoyant around the 1.24 level on Thursday after official figures painted the world's largest economy into a picture of rude health that could have implications for financial market pricing of the Federal Reserve (Fed) interest rate outlook. 

The Dollar retreated against the Pound and other major currencies after data reaffirmed that U.S. inflation had peaked and was in the process of slowing, keeping alive expectations the Federal Reserve would soon end its interest rate hiking cycle.

The Dollar pared some of its recent advances after data showed U.S. wage growth was softer than expected in December, however, support was offered by a stronger-than-expected increase in jobs.

GBP/USD is under pressure amidst signs the Federal Reserve might have to raise interest rates to 5.4% amidst ongoing strength in the U.S. labour market.

The Federal Reserve will feel justified in slowing down the pace it raises interest rates after U.S. inflation roundly underwhelmed expectations in November.