The Pound to Dollar rate slipped to a new post-pandemic low to open the holiday-shortened week but could fall further yet if the Federal Reserve's (Fed) increasingly gloves-off approach to inflation continues to dampen risk appetite in another important week for the U.S. economic backstory.
August 30,2022
Dollar exchange rates fell during a keenly anticipated speech from Federal Reserve Chairman Jerome Powell on Friday but were quick to recover and place other currencies on the back foot as financial markets contemplated what his remarks could mean for the U.S. economy and interest rate outlook.
August 26,2022
The Pound to Dollar rate rallied briefly on Friday but was quick to give up its gains after Federal Reserve Chairman Jerome Powell said that companies and households will face a growing struggle as the bank lifts its interest rate further in an effort to bring down U.S. inflation.
August 30,2022
"The long term GBPUSD chart now truly looks awful" - Citi.
August 26,2022
GBP/USD nearing peak undervaluation, Three drivers could rescue GBP says Validus Risk Management.
August 24,2022
The Dollar slipped back against the Euro and British Pound following data out Tuesday that showed a slowdown in the U.S. economy might have accelerated in August.
August 24,2022
GBP/USD hits new lows, Jackson Hole is week's key USD event.
August 23,2022
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