The Pound caught a bid on Tuesday in the wake of better than expected labour market statistics, confirming our suspicions that the currency was likely to become increasingly responsive to data releases in the short-term.
May 18,2021
Pound Sterling starts the new week higher against most major currencies having convincingly overcome 1.40 against the Dollar in the previous week, where the U.S. currency was itself lifted almost across the board in often-volatile trading.
May 20,2021
The Pound-to-Dollar exchange rate was on course to retest the nearby 1.41 level ahead of the weekend but with the market recently proving hesitant to let go of the greenback for very long, and new risks now emerging on Sterling’s radar; any new highs for the Pound could be slow to materialise.
May 14,2021
U.S. Producer Price Index (PPI) inflation is rising, but not by quite enough to trigger a fresh bout of Dollar buying.
May 13,2021
Those wanting a stronger Dollar were left disappointed by a tepid FX market response to data showing U.S. inflation is starting to burn hot.
May 12,2021
The stars are aligning for Wednesday's U.S. inflation data release to be the most consequential for the Dollar and global markets in years.
May 11,2021
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
Page 125 of 377
