"With yields on the retreat, the U.S. dollar got hammered as its interest rate advantage was eroded away, pushing the dollar index to its lowest levels in a month," writes Marios Hadjikyriacos, Senior Investment Analyst at XM.com.
October 24,2023
GBPUSD technical outlook is improved, but key test comes on Tuesday with PMI release.
October 23,2023
The Dollar was sold after the Federal Reserve Chair said U.S. financial conditions and tightened considerably and that it might have a bearing on future decisions regarding interest rates.
October 19,2023
GBPUSD retains a heavy tone amidst soft global investor sentiment and fears that the Chair of the Federal Reserve will signal a further rate hike when he speaks later today.
October 19,2023
GBPUSD has flipped short-term bearish, 2023 lows a target for the near-term.
October 16,2023
Pound Sterling fell sharply following the release of U.S. inflation numbers that beat expectations although the scale of the surprise was relatively limited which suggests losses can be contained, if not reversed over the near term.
October 12,2023
The UK's dominant services sector appears to have been boosted by the decline in the value of the Pound against the Dollar, however, Sterling's resillience against the Euro might have contributed to a decline in service exports to the Eurozone.
October 12,2023
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