The Pound to Dollar exchange rate has rallied strongly in recent trade and may rise further in the short-term but will run the risk of a setback as the week goes on when forthcoming economic data is likely to see attention return to the increasingly divergent prospects of the UK and U.S. economies.
October 24,2022
So, in a week in which dizzy Lizzy resigns and the UK faces its second Tory leadership contest, I find myself starting to yearn for a return by Boris Johnson – I freely admit that I cannot stand him, but surely anybody would be better than nobody?
October 21,2022
Foreign exchange analysts at BMO Capital say the near-term outlook for the Pound has improved considerably and further gains are possible if the UK leadership is changed in the next two weeks.
October 18,2022
The Pound to Dollar exchange rate has rebounded sharply in recent trade but could need a setback for the Dollar to rise further this week and partly because Sterling faces risks associated with the prospect of another Prime Minister being ousted from office in the Banana Republic of Westminister.
October 17,2022
The Pound to Dollar exchange rate remained under pressure ahead of the weekend after a University of Michigan (UoM) survey indicated that U.S. consumers' expectations of inflation moved further in the wrong direction for the Federal Reserve (Fed) this month.
October 14,2022
The Pound to Dollar exchange rate lifted from session lows on Friday after a mixed set of September retail sales figures from the U.S. was followed by declines in most Dollar exchange rates, although some economists say that inflation data released previously matters much more for the outlook.
October 14,2022
This week's Pound to Dollar exchange rate rally has squeezed sellers of Sterling out of the market but some including the FX strategy team at TD Securities intend to look for fresh opportunities to sell the Pound in the days and weeks ahead whatever the weather in relation to government spending plans.
October 14,2022
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