US GDP

The U.S. economy returned to growth with a third quarter performance that lifted it out of a technical recession but it still has to contend with a number of growing headwinds including the effect of Federal Reserve (Fed) interest rate policy, making a renewed slowdown highly likely for the months ahead.

The Dollar retreated as stock markets and commodity prices attempted to recover some of the substantial ground lost over the past 24 hours, moves aided by some solid U.S. economic numbers.

The U.S. economy surpassed expectations last quarter as the consumer powered a record rebound out of the coronavirus crater, potentially leaving lawmakers on the hook in more ways than one for any upset in the final quarter of the year. 

The greenback was softer and the Pound-to-Dollar rate a fraction higher during morning trading Friday ahead of the release of U.S. GDP data for the first-quarter, which is key to the outlook for currencies the world over. 

Sterling slipped into and out of the top spot in the G10 league table Tuesday as the UK parliament having returned from its Easter recess stoked fresh hope of a breakthrough in the Brexit process, but first-quarter GDP data due from the U.S. on Friday could pose a threat to the Pound-to-Dollar rate. 

The Pound-to-Dollar rate retreated further from recent highs Thursday after official data showed the U.S. GDP growing faster than was expected during the final-quarter of 2018, potentially tempering fears of an imminent slowdown in the world's largest economy. 

The Dollar was unmoved Wednesday by disappointing third-quarter GDP figures, although the greenback remains on its front foot ahead of an eagerly-awaited speech from Federal Reserve chairman Jerome Powell.

The US Dollar just can’t seem to catch a break - ahead of the weekend the world’s largest currency is being sold courtesy of some less-than-stellar economic growth numbers.

The US Dollar exchange rate complex has fallen notably following the release of the first estimate for second quarter 2016 GDP data.

The Pound to Dollar exchange rate continues to defy a decline below 1.30, but a break will happen warn a number of analysts.

The US dollar exchange rate complex is under fresh selling pressure following the release of below-par US economic growth data.