The British Pound is unwinding overbought conditions and could fall further in the short term; however, the bigger picture still favours the upside in the coming weeks.
August 28,2024
Pound Sterling has recorded a new two-year high against the Dollar amidst a rejuvenated global equity market rally with one market professional saying any weakness will only invite more buying interest.
August 28,2024
Pound Sterling powered to fresh two-year highs at the end of last week, buoyed by the Federal Reserve's commitment to a September rate cut. But, the rally is looking stretched.
August 26,2024
"The time has come for policy to adjust," said Federal Reserve Chair Jerome Powell, in a clear sign U.S. interest rates are about to fall.
August 28,2024
The Dollar (USD) could make a comeback in the wake of a key speech by the Chair of the Federal Reserve, which forms today's marquee event for financial markets.
August 23,2024
A deflating U.S. Dollar and a strong UK economic survey have combined to propel the Pound to Dollar exchange rate above 1.31.
August 22,2024
The British Pound powered to a new 2024 high against the U.S. Dollar after data showed the U.S. labour market was weaker than previously expected, which will push the Federal Reserve into action.
August 23,2024
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