The Pound to Dollar exchange rate crumbled further into oversold territory on the charts last week but still risks additional losses that could pull it down to 1.2255 or below in the days ahead as mounting Chinese economic growth risks support the greenback ahead of the latest U.S. inflation report.
May 9,2022
The U.S. Dollar Index stalled as other currencies in the barometer found support following a non-farm payrolls report that showed the employment recovery continuing while wage growth moderated in April with potentially dampening implications for the medium-term inflation outlook.
May 6,2022
Pound Sterling is under significant pressure after the Bank of England raised interest rates to 1.0% but at the same time slashed economic growth forecasts.
May 9,2022
GBP/USD in corrective rebound after the Federal Reserve raises rates but warns a more sizeable 75 basis point hike is unlikely.
May 9,2022
"A hawkish FOMC surprise would turbo charge USD and short‑term Treasury yields" - CBA.
May 16,2022
There may now be scope for the Fed to defer this any announcement on QT this Wednesday, which would potentially act as a dampener for U.S. bond yields and perhaps also for the Dollar too.
May 3,2022
The Pound to Dollar exchange rate limped into the end of a torrid April month while carrying its largest one week decline since June 2021 but its descent could yet have further to run, according to HSBC, which downgraded its 12-month forecast to 1.20 this Friday.
April 29,2022
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