The Pound to Dollar exchange rate rallied to one month highs above 1.22 last week but the going could get tougher in the days ahead when it will navigate a minefield of U.S. economic data risks just as the shadow of the Bank of England (BoE) looms larger and larger over Sterling.
August 1,2022
The Federal Reserve has little incentive to step back from its fast paced interest rate hiking cycle after its favoured measure of inflation comes in above expectations.
July 29,2022
The Pound to Dollar exchange rate has rallied since the mid-month interval but strategists at HSBC are looking ahead to next week’s Bank of England (BoE) policy decision and suggesting that institutional clients of the bank consider selling in anticipation of a setback for Sterling.
November 3,2022
Dollar exchange rates were on course for a second consecutive decline in the final session of the week after the Federal Reserve (Fed) said that U.S. economic data will influence the remainder of its interest rate cycle and official figures showed the economy teetering on the edge of recession.
July 29,2022
"I reckon we will see the likes of GBP and EUR, currencies that have performed very poor so far this year, stage a recovery against the greenback".
August 2,2022
"Growth momentum is undoubtedly weakening amid headwinds such as rapid policy tightening"
August 11,2022
The Pound to Dollar rate extended an almost nine day rally before being stalled by technical resistance on the charts after the Federal Reserve (Fed) indicated it would likely raise interest rates in unspecified smaller increments if market concerns about the trajectory of the U.S. economy prove to be well founded.
July 28,2022
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