USD in strong comeback following jobs report, GBP/USD failures create 'double top' pattern.

February 8,2023

The Pound to Dollar exchange rate unravelled almost all of its January gains last week but could now benefit from dip-buying around a nearby thicket of technical supports if Friday's rally in U.S. exchange rates proves to have been a knee-jerk reaction that is ultimately faded.

February 7,2023

The Pound to Dollar exchange rate's losses deepened ahead of the weekend after a surge in U.S. non-farm payrolls sent currencies like Sterling and the Euro tumbling while forcing investors to look again at assumptions about the outlook for Federal Reserve (Fed) interest rates.

February 6,2023

Pound Sterling was nursing losses for the period in the final session of the week after the latest Bank of England (BoE) interest rate decision prompted widespread selling while further emboldening already-bearish forecasters. 

February 3,2023

Chairman Jerome Powell has indicated the Federal Reserve (Fed) is near a "sufficiently restrictive" level of interest rates and that it's cycle of increases may soon be over but this suggestion came with numerous caveats, details of which can be found in the below transcript of Wednesday’s press conference. 

February 2,2023

The Dollar fell sharply against the Pound, Euro and other major currencies after the Chair of the Federal Reserve said the U.S. economy would not require significantly more rate hikes to bring inflation lower.

February 2,2023