The 'pivot' in the Federal Reserve's hiking cycle, and the Dollar rally, remains as elusive as ever after data confirmed U.S. inflation continues to run hot.
October 14,2022
Foreign exchange strategists at Nomura are as sure as they possibly can be that the Pound to Dollar exchange rate is on course for a substantial decline that takes it below parity.
October 13,2022
The Pound to Dollar exchange rate could remain volatile in the months ahead but the bottom has likely already been seen back in late September, according to BCA Research, while Sterling's deep undervaluation means that limit orders to buy around the 1.08 level could pay dividends in the years ahead.
October 14,2022
Goldman Sachs says a recent rebound in GBP is partly a result of the disruptions in UK pension plans which has led to some significant, but temporary, repatriation back to the UK in order to raise capital.
October 14,2022
The Pound to Dollar rate has drawn a line under its late September losses and could now look to cement its grip on the recently recovered 1.10 level this week but will be sensitive along the way to the trajectory of the Renminbi and a series of important economic data releases from the UK and U.S.
October 10,2022
The Dollar was sharply higher against the Euro and Pound Sterling following the release of U.S. labour market data that betrayed a healthy economy and invited the Federal Reserve to maintain a policy of aggressive interest rate hikes.
October 7,2022
The U.S. Dollar's ongoing demolition of other currencies swallowed more than $500BN of official reserves in the second quarter, according to International Monetary Fund (IMF) data, and from this it can be somewhat reliably inferred that the reserve cost of the Dollar rally topped $1 trillion in September.
October 6,2022
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