The Pound to Dollar exchange rate's recent setback has been shallow and the broader backdrop remains supportive, says Fawad Razaqzada, an analyst at City Index.
March 14,2024
The Dollar firmed in the wake of an above-consensus U.S. inflation report that put the brakes on rising bets that the Federal Reserve could cut interest rates in June.
March 13,2024
Pound Sterling could hit fresh multi-month highs against the Dollar this week, underpinned by positive technicals. However, any undershoot in UK wage data - or overshoot U.S. inflation data - could prompt a sharp pullback.
March 11,2024
The Dollar was sold after data showed wages in the U.S. cooled sharply in February, raising the prospect of a mid-year interest rate cut at the Federal Reserve.
March 8,2024
Bank of America has just released a call to buy the Pound-Dollar exchange rate (GBP/USD), citing the UK's Spring Budget announcement.
March 11,2024
The British Pound reigns as the best-performing G10 currency of 2024 following a retreat in the value of the U.S. Dollar.
March 8,2024
Dollar exchange rates were broadly weaker on the day a U.S. job survey revealed fewer people are quitting jobs each month to pursue higher-paid prospects.
March 6,2024
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