The Pound and Dollar could see elevated volatility over the coming 48 hours with the Federal Reserve expected to hike rates again on Wednesday and the release of U.S. GDP data Thursday.
August 2,2022
The Pound to Dollar exchange rate has been recovering since mid-July and could be on the cusp of crossing an important technical milestone that could signal a more durable recovery.
August 2,2022
The Dollar and U.S. economy are the focus for foreign exchange traders in the final week of July with the all-important Federal Reserve rate hike falling midweek, but it is arguably Thursday's GDP release that holds greater relevance for investors.
July 26,2022
The Pound to Dollar exchange rate ended last week back above 1.20 and may have an opportunity to recover further, with a test of the 1.21 handle a possibility, if the Federal Reserve (Fed) sticks on Wednesday to its June plan to steer interest rates toward a “modestly restrictive level” by year-end.
July 25,2022
The Pound to Dollar exchange rate reclaimed the 1.20 handle again in the final session of the week after the latest U.S. business surveys appeared to give European counterparts a run for their money on the downside, sending U.S. Dollar exchange rates lower ahead of the weekend.
July 26,2022
The Pound dipped briefly against a softer Dollar on Wednesday after Office for National Statistics (ONS) figures revealed a new high for UK inflation but otherwise offered little sign of the "second round effects" that could catalyse a more aggressive interest rate response from the Bank of England (BoE).
July 20,2022
The Pound to Dollar exchange rate corrected higher from near coronavirus crisis lows ahead of the weekend but could attempt to recover further lost ground with a run toward 1.20 in the days ahead if softer market pricing of the Federal Reserve (Fed) interest rate outlook continues to weigh on the greenback.
July 18,2022
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