The Pound to Dollar rate entered the penultimate session of the week testing major support on the charts but UK inflation and the bilateral interest rate outlook are just two reasons why recent losses could be a bear trap that begins to close on sellers of Sterling in the weeks or months ahead.
June 19,2023
The Pound to Dollar exchange rate has been on a wild rollercoaster ride through recent years, wrongfooting many forecasts along the way, but research from Goldman Sachs shows how the inflation outlook can be a highly successful guide to the general trajectory of Sterling.
May 24,2023
GBPUSD was broadly softer as investors reacted to signs the UK remains particularly afflicted by elevated inflation, raising concerns for the economic outlook.
May 25,2023
The Pound to Dollar exchange rate rallied ahead of the weekend and could attempt to rise further ahead of Wednesday’s release of UK inflation figures, which could ultimately be the difference between whether Sterling climbs toward 1.30 over the coming months, or unravels back toward 1.20 and below.
May 22,2023
The Pound to Dollar exchange rate rose from period lows during the final session of the week but a wobbling Chinese Renminbi and the prospect of a sharp fall in the UK inflation rate next Wednesday have gotten strategists at Nomura looking for further losses in Sterling before long.
May 22,2023
The debate in Washington over the U.S. government debt ceiling could be a risk to the hegemonic status of the Dollar, the Federal Reserve Bank of New York (FRBN) hinted on Thursday this week while imploring elected officials to "make decisions that instill confidence in our economy and institutions."
May 19,2023
The dollar continued to strengthen against almost all the other major currencies on Thursday, although it seems to be taking a breather today.
May 19,2023
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