The Pound to Dollar exchange rate staged a hasty retreat from eleven-month highs ahead of the weekend but could slip further this week if a pending deluge of UK economic data calls into question some of the popular assumptions about the outlook for the Bank of England (BoE) Bank Rate.
April 24,2023
The Dollar rallied and stocks fell on the release of U.S. retail sales data that came in well below expectations.
April 14,2023
BNP Paribas Securities Corp's Head of Americas Macro Strategy, Calvin Tse, has suggested that the US dollar (USD) could be set for a multi-year structural decline due to several factors.
April 14,2023
The Pound to Dollar exchange rate has rallied strongly in recent months and could rise further to 1.30 or so before the curtain closes on 2023.
April 14,2023
The U.S. economy will fall into recession in 2023 according to the Federal Reserve, prompting markets and the Dollar to trade in weak fashion.
April 13,2023
Stocks rose and the Dollar retreated after U.S. inflation fell at a faster rate than investors were anticipating in March.
April 12,2023
The GBP/USD reached 1.25 handle last week, before dipping back below the high of its prior range around 1.2450. This level is now very important.
April 12,2023
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