The Pound to Dollar exchange rate holds onto the gains made following the release of UK inflation and further advances are possible into the July 04 General Election.
May 23,2024
The Pound to Dollar exchange rate has entered a short-term uptrend that can extend over the coming days, particularly if UK service inflation figures disappoint on Wednesday.
May 20,2024
The US dollar rebounded on Thursday and is holding onto those gains today as data showed that import prices increased 0.9% month-on-month in April, taking the annual rate up to 1.1% from 0.4%.
May 17,2024
Pound Sterling looks at risk of a near-term pullback and consolidation against the Dollar, but further gains the bigger picture is one of an increasingly bullish technical setup as indicators advocate for further advances.
May 16,2024
Pound Sterling rallied against the Dollar after a key U.S. inflation print undershot expectations and retail sales showed a notable retracement in spending during April.
May 17,2024
Dollar exchange rates soon recovered following news that prices at U.S. producers rose sharply last month, giving rise to fears inflation continues to accelerate.
May 14,2024
Swingeing new import tariffs on Chinese goods are yet another supportive development for the Dollar, according to currency market analysts.
May 14,2024
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