GBP/USD rose by over a percent on the day to 1.2214 after U.S. CPI inflation rose 8.5% in the year to July, coming in below June's 9.1% and the consensus expectation for a reading of 8.7%.
August 10,2022
The Pound is "in trouble" says an analyst at Société Générale, who is looking for a fresh decline in the Dollar to transpire.
August 10,2022
The Pound to Dollar exchange rate drew a bid from the market when falling near to the 1.20 handle ahead of the weekend but could slip back toward or even below that level later this week if July’s U.S. inflation figures offer a further incitement to the still-hawkish Federal Reserve (Fed).
August 8,2022
The U.S. economy added 528K jobs in July, a number that more than doubled the 250K jobs the market was expecting and aided a rebound in the U.S. Dollar.
August 5,2022
The Pound to Dollar exchange rate slumped alongside other Sterling pairs on Thursday after the Bank of England (BoE) heaped further pressure onto already embattled companies and households with its largest interest rate rise for 27 years while offering an ominous warning about the outlook for the UK economy.
August 4,2022
The U.S. Dollar reversed earlier losses to make intraday gains over some other major currencies after the Institute for Supply Management (ISM) Services PMI confounded market expectations by rising for the month of July in contrast to the alternative barometer compiled by S&P Global.
August 3,2022
A key measure of U.S. inflationary developments adds to evidence a peak in inflation is nearing, weighing on the Dollar at the start of August.
August 1,2022
Page 84 of 376
