Expectations for the scale of interest rate hikes at the major central banks might have peaked, which might mean financial and foreign exchange markets have witnessed an important turning point.
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On a day of PMI data releases it is the UK which has surprised positively while the Eurozone and U.S. have all delivered sizeable downside surprises.
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"We maintain our view that the USD is likely to be stronger for longer" - Rabobank.
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The Pound to Dollar rate rebounded sharply from near March 2020 lows last week and could look to extend its recovery in the days ahead but much depends on U.S. bond yields and the impact of remarks…
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The Federal Reserve will continue to hike by sizeable increments that will maintain conditions for further Dollar strength say analysts.
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Dollar exchange rates pared away overnight losses in Europe on Thursday after Chairman Jerome Powell said there is broad support at the Federal Reserve (Fed) for lifting its interest rate to a…
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With Pound Sterling under siege the Bank of England has little choice other than to deliver a rate hike that exceeds 25 basis points, according to economists.
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