The initial market reaction to the August jobs report was straightforward, with the US dollar and yields getting knocked down, but it did not last, explains Marios Hadjikyriacos, Senior Investment Analyst at XM.com.
September 4,2023
"The next area of possible support would be at around 1.242; if that doesn’t hold we could then see a reversion to the major low posted near the end of May, i.e. at 1.232 or so" - The Technical Trader.
September 4,2023
Labour market figures show the U.S. economy continues to add jobs at a strong pace, although further signs of a slowdown were apparent in the August data released on September 01.
September 1,2023
Pound Sterling appears vulnerable to losses against the Dollar over the coming weeks of September according to a new analysis released at the start of the new month.
September 1,2023
The Pound to Dollar exchange rate is looking to make it a third successive day of gains as upside momentum from a surprisingly soft U.S. data report extends, however, analysts say strength is ultimately likely to prove fleeting for the time being.
August 30,2023
The Pound to Dollar exchange rate was trading buoyantly above its recent lows on Tuesday after entering the new week on the front foot and could have scope to edge higher in the days ahead in the absence of any upset from central bank speeches in the U.S. or foreign exchange policy developments in China.
August 22,2023
The Pound to Dollar exchange rate has receded sharply from the highs of early July but the risk now is that any attempted recovery is held back from Wednesday by a further ebbing of the inflation tide in the UK, potentially leaving Sterling unable to sustain any advance beyond the 1.28 level for the week.
August 14,2023
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