The Pound to Dollar exchange rate has remained buoyant near nine month highs in recent trade but it could be volatile in the days ahead when a pending deluge of important UK and U.S. economic data points will set the stage for the latest interest rate decisions from the Federal Reserve (Fed) and Bank of England (BoE).
December 12,2022
The U.S. Dollar remained close to the top performing currency of 2022 this week but a decisive turn lower may not be that far off and this is something that would be likely to favour developed market currencies over their emerging market counterparts, according to research from Goldman Sachs.
December 9,2022
The Pound to Dollar exchange rate was knocked back from near the week's highs ahead of the weekend after U.S. producer prices rose further than was expected for November in what may be a warning of a protracted battle to get inflation back to the 2% target of the Federal Reserve (Fed).
December 9,2022
Technicals look for more GBP/USD upside.
December 8,2022
The Pound to Dollar exchange rate made another attempt at recovering above 1.22 in midweek trade after official data suggested growth in U.S. employment costs moderated last quarter and that productivity picked up in labour market outcomes that would likely be welcomed by the Federal Reserve (Fed).
December 7,2022
Despite a recent retreat from multi-week highs, analysts continue to anticipate the potential for further near-term gains.
December 7,2022
The Pound to Dollar exchange rate reached multi-month highs last week after Federal Reserve (Fed) and Chinese health officials appeared to inspire in investors an almost Pavlovian appetite for chasing risky assets but it remains to be seen if the rally can survive this week's U.S. economic data offering.
December 5,2022
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