GBP/USD has seen a setback over recent hours but technical analysts say it is too early to capitulate and call an end to the multi-week uptrend.

January 26,2023

U.S. Dollar comeback

The Dollar will rebound in the first half of 2023 but strength is unlikely to exceed the highs scaled in September 2022 according to a new currency market analysis, conducted by Capital Economics.

January 26,2023

The Pound to Dollar exchange rate has rallied close to six-month highs and could rise further in the days ahead with a break above technical resistance at 1.2504 and an approach of 1.26 possible if UK and U.S. economic data remains conducive to a continued rebound for riskier currencies. 

January 26,2023

U.S. Dollar exchange rates edged higher in the penultimate session of the week amid a rebound that has so far tempered Pound Sterling's earlier gains following a flurry of data appearing to suggest an abrupt slowdown in the world's largest economy.

January 19,2023

 

The Pound to Dollar exchange rate neared some of its best levels since last June after multiple official figures highlighted a clear deterioration of the U.S. economy going into year-end while revealing scope for a further softening of inflation pressures being in the pipeline.

January 23,2023

U.S. Dollar exchange rates have fallen heavily in recent months and developments in China have been a very prominent driver of this trend, hence why Beijing's increasing focus on economic recovery might now count as another headwind for the medium-term outlook.

January 18,2023

Morgan Stanley says it has "doubled down" on its bearishness towards the U.S. Dollar in 2023, prompting it to lift its Pound to Dollar exchange rate forecast.

January 18,2023

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