Analyst Mathew Weller, Global Head of Market Research at GAIN Capital reveals the single most important factor driving the rally in the GBP/USD exchange rate that saw the pair peak above 1.4200.
February 24,2021
A strong set of housing market statistics out of the U.S. on Wednesday helped trigger a sell-off in stocks and a rise in the value of the U.S. Dollar, at a time when investors are keeping a nervous eye on rising bond yields.
February 24,2021
The Dollar faltered and the sell-off in bond markets resumed after Federal Reserve (Fed) Chairman Jerome Powell neglected to indulge misplaced speculation that a tapering of the bank's quantitative easing program is in the pipeline, when appearing before the Senate Banking Committee on Tuesday.
February 23,2021
The British Pound has extended a winning run in after the government announced a four-step roadmap to unlocking society which should mean all restrictions are lifted by June 21, provided the pandemic behaves as scientists predict.
February 23,2021
The rise in the yield paid on U.S. bonds has risen to new one-year highs, triggering lower stock markets and a stronger U.S. Dollar.
February 22,2021
The Pound-to-Dollar exchange rate more than doubled its 2021 gain last week as Sterling took the market by storm, but with enthusiasm building among a broad array of participants and in a still-Dollar bearish market, the British currency could now have scope to attain three-year highs above 1.43 by March.
February 21,2021
The Pound-to-Dollar exchange rate hit the psychologically significant round number of 1.40 in the early London trading session on Feb. 19.
February 19,2021
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