The Pound to Dollar exchange rate came under pressure near 1.20 in the penultimate session of the week as financial markets mulled upside risks to Federal Reserve (Fed) and Bank of England (Fed) interest rates, the relative balance of which is potentially a constraint on Sterling's recovery prospects.
February 23,2023
The Dollar can remain firm in the near-term but foreign exchange strategists at Standard Chartered say strength should likely be brief, allowing the likes of the Euro and Pound to resume a stalled uptrend.
February 22,2023
The Dollar is expected to maintain pressure on the Pound and Euro for the first half of 2023.
February 21,2023
GBP/USD supported near & around 1.1950 short-term, but upside limited by growing UK-U.S. rate headwinds.
February 20,2023
The Pound to Dollar exchange rate was on course for a hat-trick of losses when falling back below 1.20 to test important levels of technical support on the charts in the final session of the week as a fresh rally in American government bond yields put further wind into the U.S. Dollar's sails.
February 17,2023
The Pound to Dollar exchange rate tumbled below 1.20 in the penultimate session of the week after rising producer prices reminded of ongoing inflation risk in the U.S. and the number of new housing developments starting fell back to its lowest since the 2020 'lockdown.'
February 16,2023
The Pound to Dollar exchange rate unwound a week's worth of gains in mid-week trade after U.S. retail sales surprised strongly on the upside of market expectations for January, leading to a broad bid for the greenback and adding to losses sustained by Sterling in the wake of the latest inflation data from the UK.
February 15,2023
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