The Pound to Dollar exchange rate has sharply reversed its New Year losses and could rise further this week if global markets build on last Friday's gains but public remarks from Federal Reserve (Fed) officials and the latest U.S. inflation figures are potential risks to the recovery.
January 10,2023
The Dollar pared some of its recent advances after data showed U.S. wage growth was softer than expected in December, however, support was offered by a stronger-than-expected increase in jobs.
January 6,2023
A rallying Dollar drove the Pound back near to its lowest levels since late November in the penultimate session of the week after better-than-expected U.S. economic data and hawkish commentary from Federal Reserve (Fed) rate setters turned the New Year tide in favour of the greenback.
January 5,2023
GBP/USD is under pressure amidst signs the Federal Reserve might have to raise interest rates to 5.4% amidst ongoing strength in the U.S. labour market.
January 5,2023
The Pound to Dollar exchange rate entered the New Year with a solidifying foothold above 1.20 and inflation differentials suggesting that it is undervalued while below 1.25, although the risk is of important U.S. economic data leaning against any recovery by Sterling later in the week.
January 3,2023
The Pound to Dollar exchange rate had risen to one-week highs in mid-week trade but handed back these gains after the National Association of Realtors said a slump in pending sales of U.S. homes deepened during November, making for the sixth successive month of declines.
January 5,2023
Foreign exchange analysts are considering the prospect of a near-term retreat in GBP/USD back below the psychologically significant 1.20 level.
January 5,2023
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