The Pound to Dollar exchange rate soon gave back short-lived gains in midweek trade after the Office for National Statistics (ONS) suggested an inflation genie may be seeping out of a lantern in London with a May consumer price outcome that is unlikely to have been welcomed by the Bank of England (BoE).
June 21,2023
GBP/USD testing cluster of resistances at 1.2867 & 1.2877 on chart, Bank of England is key risk this week.
June 19,2023
GBPUSD rallied to a new 14-month high as a mixed set of U.S. economic data failed to convince markets the Federal Reserve was certain to raise interest rates in July.
June 16,2023
GBPUSD retreated from earlier highs after the Federal Reserve said it would leave its base interest rate unchanged at 5-5.25%, as expected.
June 19,2023
GBPUSD neared a key technical test in the form of the 2023 high ahead of the midweek Federal Reserve policy decision that could result in a potential fresh best being set for the year.
June 14,2023
The Dollar was sold after official figures confirmed U.S. inflation is falling sharply amidst an ongoing decline in the price of energy and a broader easing of price pressures, opening the door for the Federal Reserve to keep interest rates unchanged on Wednesday.
June 14,2023
In a significant week for monetary policy, the U.S. dollar is poised to regain strength, with market analysts anticipating a positive trajectory.
June 12,2023
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