The Pound to Dollar exchange rate unwound much of an earlier rally heading into the weekend as financial markets appeared to contemplate what surprisingly strong producer price inflation in July could mean for the measure of inflation most closely watched by the Federal Reserve (Fed).
August 11,2023
Pound Sterling traded higher against the U.S. Dollar following the release of data that showed U.S. inflationary pressures continued to ease in July, boosting market confidence that the Federal Reserve won't raise interest rates again in September.
August 10,2023
What could add further fuel to the dollar’s recovery and help yields rebound is Thursday’s US CPI inflation report for July.
August 9,2023
The U.S. Dollar can maintain its recent trend of appreciation helped by favourable seasonal trends and will be untroubled by a recent rating agency downgrade of U.S. debt, shows new research from JP Morgan.
August 8,2023
The Pound to Dollar exchange rate entered the new week finely balanced around the middle of its medium-term equilibrium range spanning the gap between 1.20 and 1.33 but with short-term prospects hinged on market appetite for ‘carry’ trades and UK economic growth numbers out on Friday.
August 7,2023
The U.S. non-farm payroll report has shown a knack of consistently coming in above expectation over recent months, but August's provided a rare downside surprise that appears to have knocked the Dollar in the short-term.
August 4,2023
The Pound to Dollar exchange rate entered the final session of the week steadier on its feet after testing a major level of technical support on the charts previously but its recovery prospects are undermined by a deteriorating economic outlook while the outlook would become bleaker still if interest rates rise further in the months ahead.
August 4,2023
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