The Pound to Dollar exchange rate handed back some of its earlier gains in the final session of the week after official data suggested U.S. employment growth continued in November at a faster pace than many expected with possible implications for Federal Reserve (Fed) interest rate policy.
December 2,2022
The Pound to Dollar exchange rate rose to some of its highest levels for almost months when climbling back above 1.22 and approaching the 1.23 handle in a rally that built further following the release of Bureau of Economic Analysis data confirming that U.S. inflation pressures eased in October.
December 2,2022
GBP/USD started December on the offensive amidst a sharp improvement in global investor sentiment following a speech by Federal Reserve Chairman Jerome Powell.
December 1,2022
The Pound to Dollar exchange rate appeared to succumb to a fresh rally in American bond yields when ceding the 1.20 handle following a mixed bag of U.S. economic figures and as market attention turned toward a keynote speech from Federal Reserve (Fed) Chairman Jerome Powell.
November 30,2022
The Pound to Dollar exchange rate has reversed more than one half of this year's decline but will now run the risk of a corrective setback that could pull it toward 1.20 or perhaps even back below there over the coming days.
November 28,2022
Calls for sterling to fall below parity with the dollar have disappeared from the headlines.
November 25,2022
The Pound to Dollar exchange rate has reversed just more than half of the year's steep decline in recent weeks but with the UK economic outlook as ugly as one gets and the Federal Reserve (Fed) interest rate cycle not yet over GBP/USD could easily find itself on special offer in the Christmas Sales.
November 24,2022
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