The Dollar's safe haven credentials are once again in demand amidst a global sell-off in stocks, although some investors say the Pound is now starting to look cheap against its U.S. cousin.
July 27,2021
The Pound-to-Dollar exchange rate was rattled last week and now risks becoming confined to a much reduced trading range over the coming days, with the outcome hinged on the market’s reading of Wednesday’s Federal Reserve decision and a pending flurry of U.S. economic data.
July 26,2021
The Pound-to-Dollar exchange rate has partially reversed earlier losses in tandem with a widespread softening of the Dollar so far in the second leg of the week, though some analysts say it's not yet out of the proverbial woods and that Sterling remains vulnerable to further losses.
July 22,2021
The Pound-to-Dollar exchange rate appeared in the process of folding in on itself ahead of the mid-week session after falling to a 2021 loss as the greenback became the best performer in the G10 segment of major currencies for 2021.
July 20,2021
The Pound-to-Dollar exchange rate enters the new week risking a steady slide toward April lows around 1.37, which could condemn Sterling to a range-trade between there and a burgeoning resistance at 1.39 if expectations of Federal Reserve policy continue to offset for GBP/USD the signs of a shift at the Bank of England.
July 19,2021
The Pound has risen back into the top spot of the major currency performance table for 2021 after two rate setters indicated that “risk management considerations” could lead the Bank of England (BoE) to end its emergency quantitative easing programme as soon as its August policy decision.
July 16,2021
The Dollar was up sharply against major peers following the release of U.S. inflation numbers that were significantly stronger than expected.
July 13,2021
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