The Pound to Dollar exchange rate entered the new week nursing fresh wounds near two-year lows and would risk further heavy losses in the days ahead without a ‘hawkish’ surprise from the Bank of England (BoE) or a possibly unlikely show of patience from the Federal Reserve (Fed).
June 15,2022
The Pound to Dollar rate slumped heavily in the final session of the week with many currencies coming under pressure after official data showed U.S. inflation climbing further during May in defiance of market expectations for it to ease and with possible implications for Federal Reserve (Fed) policy.
June 15,2022
Odds of U.S. recession rising say economists, and this is USD supportive says HSBC research.
June 15,2022
The Pound extended gains while other currencies escaped from under the Dollar’s boot on Tuesday after international trade data showed U.S. demand for imported consumer items falling during April in an outcome that could be pertinent for the Federal Reserve (Fed) monetary policy outlook.
June 8,2022
The Pound to Dollar rate enters the new week with its back against the ropes near the 1.25 handle and could struggle to hold off a buoyant greenback ahead of Friday’s all-important U.S. inflation figures for May, which could be key to whether Sterling is able to avoid a retest of last month’s lows.
June 6,2022
The Pound to Dollar exchange rate rebounded from earlier losses late this week but was hampered again in thin holiday trade on Friday after the May non-farm payrolls and Services PMI reports offered an incitement to a Federal Reserve (Fed) that appeared to become more hawkish in recent days.
June 3,2022
The Pound to Dollar exchange rate was pummelled back below the 1.25 handle in the mid-week session as the greenback swept higher across the board amid a widespread turn lower for stocks and bonds.
June 16,2022
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