The Pound to Dollar exchange rate has reversed a large part of its May decline in early June trade and while it might yet rise further, there are technical impediments to obstruct any recovery beyond 1.26 on the charts, and numerous appointments in the economic calendar that could lead to a setback for Sterling in the days ahead.
June 12,2023
The drop in yields trounced the US dollar on Thursday as market bets that the Fed will pause before other major central banks were rekindled.
June 9,2023
The Pound to Dollar exchange rate put in a strong show through the course of morning New York trade with the pair rising to 1.25 again.
June 9,2023
GBPUSD could be at risk of retreating back to 1.20 over the coming weeks according to a new technical analysis from Bank of America, however, nearer-term studies suggest further consolidation nearer 1.24.
June 7,2023
The Pound to Dollar exchange rate rallied through much of last week but its recovery was curtailed on Friday and the risk is now of a consolidation leading to a retest of technical supports near and around the 1.23 level.
June 5,2023
The odds of a June interest rate hike remain low as the latest U.S. jobs report will give the Federal Reserve reason to pause and suggests the Dollar's recent setback can extend.
June 5,2023
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