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With political considerations now largely out of the way, investors have been able to focus fully on the Bank of England's seemingly bullish outlook for the UK economy and have purchased the British Pound.
May 11,2021
The Pound-to-Dollar exchange rate starts the new the week above 1.40 amidst a broadbased buying of the Pound.
May 10,2021
The U.S. Dollar fell sharply across the board after data showed the U.S. grew less jobs than the market was expecting in April.
May 7,2021
"We expect the overall messaging from the meeting will have a distinctly hawkish tilt," says Elsa Lignos, Global Head of FX Strategy at RBC Capital Markets.
May 6,2021
Seasonality is a major consideration for foreign exchange markets in April and May, with these two months tending to offer a strong historical guide to the performance of some of then world's major currencies.
May 5,2021
The U.S. Dollar is a standout performer and is advancing by close to half a percent against the Euro and a quarter of a percent against the Pound, at the start of what is typically a strong month for the U.S. currency.
May 4,2021
The Pound-to-Dollar exchange rate entered the new week down sharply from April highs after being turned over by bad global market weather on Friday, but would be likely to sustain a recovery if given the all clear by the Bank of England on Thursday.
May 3,2021
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
