Pound Sterling has risen to its highest level in a year against the Dollar after last week's 1.35% gain. But, the rally leaves it technically overbought in the near term and exposed to weakness if this week's inflation and wage figures undershoot expectations.
July 15,2024
The Dollar fell notably after the U.S. reported that inflation shrunk last month, indicating the likelihood of an interest rate cut in September.
July 12,2024
The Pound to Dollar exchange rate's rally has failed again after colliding with a notorious technical barrier and Jerome Powell's sober assessment of the prospect of interest rate cuts.
July 11,2024
If the Republicans win big in November, expect a surge in import tariffs to underpin the U.S. Dollar further.
July 9,2024
Pound Sterling has now reached elevated levels against the U.S. Dollar and will need Thursday's U.S. inflation release to be soft if it is to break fresh ground.
July 8,2024
The Dollar was sold after a U.S. labour market report showed conditions continuing to cool, bolstering expectations for an interest rate cut from the Federal Reserve at the September policy meeting.
July 6,2024
The Dollar was lower after a U.S. labour market survey printed softer than anticipated and boosted the odds of an interest rate cut at the Federal Reserve in September.
July 5,2024
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