Deepening losses for the Dollar lifted the Pound to Dollar exchange rate to almost 1.26 late in midweek trade after the Federal Reserve (Fed) raised its interest rate but stopped short of suggesting that further increases are likely to be announced over the coming months.
May 9,2023
The U.S. dollar weakened against most of its major peers on Tuesday and continued losing ground today amid concerns about a potential U.S. debt default and a reminder that the troubles in the banking sector are not totally over yet.
May 3,2023
The Pound to Dollar exchange rate lifted Sterling to the top of the major currency league table last week but could rise further toward roughly 1.2690 up ahead if last week's economic figures lead the Federal Reserve (Fed) to take a rain cheque on a widely anticipated interest rate step this Wednesday.
May 1,2023
The Pound to Dollar exchange rate rallied to retest one-year highs in the final session of the week after official data suggested the Federal Reserve (Fed) is nearing dry land in its battle against U.S. inflation, stoking uncertainty about next Wednesday's interest rate decision.
May 3,2023
A batch of U.S. data printed relatively firmly on Thursday, offering support to the Dollar just days before the U.S. Federal Reserve's next policy decision.
April 27,2023
The U.S. dollar traded lower against most of its major peers on Wednesday and continued drifting south today as well.
April 27,2023
GBP/USD is rising again as global equity markets recover with a push to 1.25 being possible if Thursday's U.S. GDP reading disappoints.
April 27,2023
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