The British Pound reached a fresh multi-month high against the U.S. Dollar in late February when the GBP/USD exchange rate hit 1.4243, but a decline back below 1.40 inevitably raises questions as to whether the pair has now peaked.
March 10,2021
The Pound-to-Dollar exchange rate pared its earlier loss while approaching the 1.39 handle Tuesday but remained significantly undervalued on at least one important metric, according to strategists at Commonwealth Bank of Australia (CBA), who've tipped GBP/USD as a buy in anticipation of further gains in the year ahead.
March 10,2021
Economists at Wall Street bank Morgan Stanley are backing the Dollar to make gains in 2021, having entered the year expecting the currency to make losses.
March 9,2021
The Pound-to-Dollar exchange rate suffered another setback last week as a rout in the U.S. bond market lifted the Dollar but with yields appearing to lose steam on Friday, Sterling could be set to recover its footing over the coming days before resuming its earlier climb to 1.40 and above.
March 7,2021
The Dollar remained an outperformer among major currencies on Friday although its strength was abating after February non-farm payrolls report revealed a sharp increase in new jobs last month, around the same time as trade balance data showed U.S. imports growing faster than exports in the New Year.
March 5,2021
The U.S. Dollar rose broadly ahead of the weekend in response to highly anticipated comments of Federal Reserve Chairman Jerome Powell which appear to have stoked the rally in U.S. bond yields.
March 5,2021
The U.S. Federal Reserve Chairman Jerome Powell is to sit down with the Wall Street Journal for an interview today and what he says could well dicatate market direction for the next two weeks.
March 4,2021
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