The Pound to Dollar exchange rate has rallied back to retest 15-month highs in recent trade but the risk is of economic data conspiring with nearby technical resistance on the charts to stall or otherwise sap momentum from its recovery in the days ahead.
July 14,2023
The Pound to Dollar exchange rate was notably higher after a key U.S. jobs report undershot against market expectations prompting an easing in Federal Reserve rate hike expectations.
July 14,2023
GBPUSD fell to 1.2674 on Thursday following the release of a string of above-consensus U.S. data before recovering back above 1.27 where we find it on Friday, just hours ahead of the week's key data release.
July 14,2023
The Pound to Dollar exchange rate (GBPUSD) relinquished a strong daily advance following the release of a string of stronger-than-expected data that confirmed to markets there was little room for the Federal Reserve to end its rate hiking cycle.
July 7,2023
GBPUSD remains subject to a bullish technical outlook according to a new analysis from City Index, the retail trading institution, in a call that offers some context to the recent pullback and consolidation.
July 7,2023
The Pound to Dollar exchange rate has edged higher over recent days, in the near-term direction here will reside with developments on the USD side of the equation.
July 5,2023
The Pound to Dollar exchange rate relinquished some of its June gains around the turn of the month but with technical support emerging around 1.26, it could be likely to consolidate between there and a nearby pocket of resistance around 1.2850 this week.
July 14,2023
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