The price of copper is in the ascendency and one eagle-eyed currency market analyst has noted that this development could signal further potential upside for the British Pound.
January 17,2023
The Pound to Dollar exchange rate entered the new week on the front foot and could have scope to rise further in the days ahead but the recent loosening of 'financial conditions' risks inviting a Federal Reserve (Fed) quantitative tightening (QT) response that would be a potential risk for Sterling multi-week.
January 17,2023
The Pound to Dollar exchange rate climbed in the final session of the week to reach new highs for the fledgling year at times after being lifted on a raft of favourable economic data from both sides of the Atlantic with the latest being an easing of consumer expectations for U.S. inflation.
January 16,2023
The Dollar has fallen too far, too fast says a foreign exchange analyst we follow, he says a rebound is highly likely.
January 13,2023
The Dollar retreated against the Pound and other major currencies after data reaffirmed that U.S. inflation had peaked and was in the process of slowing, keeping alive expectations the Federal Reserve would soon end its interest rate hiking cycle.
January 13,2023
GBP/USD will look to the release of U.S. inflation data on Thursday to further underpin its multi-week rally, with a softer-than-expected reading potentially even allowing for fresh highs to be tested.
January 11,2023
The British Pound could be on course to register further gains following a strong turnaround over recent hours, according to analysts.
January 11,2023
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