U.S. Economy

U.S. inflation came in well above expectations in January, but economists say this is a blip as leading indicators all point to ongoing declines in inflation over the coming months.

The Pound to Dollar exchange rate dropped below 1.26 after U.S. inflation beat expectations across the board when released on Tuesday.

The Pound to Dollar exchange rate dipped below the 1.26 level amidst fresh evidence of strong U.S. economic growth.

In its latest economic outlook report for February 2024, Wells Fargo paints a cautiously optimistic picture of the U.S. economy, buoyed by upgrades to GDP forecasts and closely monitoring anticipated Federal Reserve actions.

The Dollar's strong start to the new week was given a fresh boost following the release of a U.S. economic survey that confirmed a strong start to the year.

Pound Sterling fell sharply against a resurgent U.S. Dollar which caught a fresh bid following the release of some hotter-than-expected U.S. job and wage numbers.

The Pound to Dollar exchange rate looks set to end the week on a solid footing, aided in part by the release of a much-watched inflation gauge that undershot expectations.

Ian Shepherdson, Chief Economist at Pantheon Macroeconomics, says if you are only looking at GDP and jobless claims today, you are missing the big picture.

The U.S. economy ended 2023 in a far stronger position than markets were expecting and analysts say this makes the likelihood of a Federal Reserve rate cut before the third quarter highly unlikely.

The Dollar strengthened against the Pound, Euro and other major currencies after U.S. retail sales for December beat expectations.

The Dollar strengthened against the Pound, Euro and other major currencies after the release of data that showed U.S. inflation accelerated in December.

Independent economic data aggregator Truflation says U.S. core inflation is becoming "entrenched" amidst a strong labour market and investors should not rule out interest rate hikes.

The Dollar has risen in reaction to the release of November's U.S. inflation data showing a 0.1% rise month-on-month in headline CPI, an increase on October's 0% print and larger than the flat 0% reading the market anticipated.

Another above-consensus U.S. labour market report has propelled the Dollar higher into the weekend.

The Dollar was firmer against the Pound and other major currencies after a survey of the U.S. economy showed continued growth in November and cautioned market participants against overzealous Federal Reserve interest rate cut expectations.

A broad-based decline in the Dollar has followed news that more Americans lost their jobs and sought out-of-work benefits than market participants were expecting.

GBPUSD went back above the 1.23 level and approached 1.24 following the release of U.S. inflation data for October that showed inflation in the world's largest economy had softened more than the market was expecting.

The Pound to Dollar exchange rate rose by over a per cent to retake 1.23 and further improve its short-term setup following the release of U.S. labour market statistics that disappointed against expectations.

Betting against the Dollar could remain a futile endeavour given the relentless outperformance of the U.S. economy, confirmed by the latest quarterly GDP print.

The Dollar strengthened after PMI data signalled the U.S. economy expanded in October, in contrast to those of the Eurozone and UK.