The Pound to Dollar exchange rate entered a new and potentially volatile week with a risk or chance of external factors leading to a retest of 1.30 or more in the event of any monetary policy surprises from the Federal Reserve (Fed) or Bank of Japan (BoJ) in the days ahead.
July 24,2023
The Pound to Dollar exchange rate rose ahead of a key support level that must hold or risk a slide to 1.27, according to a new analysis.
July 25,2023
The Pound to Dollar rate fell back below 1.30 in the opening half of the week but a confluence of factors could see it attempt to regain the level in the days ahead with some risk or chance of new highs near 1.33 owing to a confluence of factors including a less bleak outlook for the UK and global economies.
July 25,2023
GBPUSD fell back below the 1.30 level following the release of softer-than-forecast inflation data that lowered the odds of a 50 basis point interest rate hike at the Bank of England in August.
July 19,2023
The Pound to Dollar exchange rate can undergo a downside correction in the near term that would take it comfortably below 1.30, according to a new analysis from Standard Chartered.
July 18,2023
GBPUSD can remain supported over the coming days with any weakness expected to invite fresh buying interest, according to a new technical analysis.
July 17,2023
The Pound to Dollar exchange rate has rallied to its highest since April 2022 but it now faces headwinds in the form of formidable technical resistances around 1.3108 and 1.3240 and might be lucky if it holds 1.30 this week in the event of any rebound from the greenback over the coming days.
July 17,2023
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