GBPUSD is in recovery mode as it unwinds previously oversold conditions, but those watching Pound Sterling's value should be aware that for now upside is likely to be limited as the Dollar retains commanding fundamentals.
September 28,2023
The British Pound has fallen to new six-month lows against the Dollar as the selloff extends into a tenth week, leaving analysts wondering if there is any prospect of relief before the big 1.20 level comes back into play.
September 27,2023
Rising bond yields are signalling "trouble" for global markets that look set to leave the Dollar as one of the beneficiaries say analysts.
September 26,2023
The British Pound has now been subjected to 11 weeks of relentless pressure against the Dollar and there is little to suggest the selloff is about to end with most analysts saying 1.20 will be targetted over the coming weeks, although near-term some stabilisation can be expected.
September 25,2023
Pound Sterling will remain under pressure against the U.S. Dollar for some time say analysts following the Federal Reserve's policy update and guidance that suggests a first interest rate cut in 2024 will come later than previously expected.
September 21,2023
U.S. bond yields should retain an attractive sheen for international investors, whatever the outcome of the Federal Reserve policy decision and update, ensuring the Dollar can continue to strengthen against the Euro, Pound and other currencies.
September 20,2023
The ongoing appreciation in the U.S. dollar triggered a significant breakdown in the EUR/USD and GBP/USD exchange rate pairs in the previous week and analyst Fawad Razaqzada of City Index is eyeing further weakness.
September 19,2023
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