The Dollar slumped Wednesday after Federal Reserve (Fed) Chairman Jerome Powell appeared to validate market bets that a series of U.S. interest rate cuts are on the way, during testimony to congress, which could have just set the greenback up for a more protracted decline.

July 11,2019

The Dollar was on its front foot Tuesday as investors pared back earlier bets against it ahead of Federal Reserve (Fed) Chairman Jerome Powell's eagerly-anticipated appearance before Congress, but analysts at Barclays say the U.S. currency will continue to dominate rivals for a while yet. 

July 9,2019

Foreign exchange trading

The Pound-to-Dollar exchange rate is under fresh pressure on Tuesday, July 09 with analysts saying the move below 1.25 opens the door to fresh losses owing to a lack of support in the market we are told.

July 9,2019

The Dollar was on its front foot Monday as investors continued to reappraise the Federal Reserve (Fed) interest rate outlook in the wake of last week's nonfarm payrolls report, although analysts at MUFG have tipped the greenback for further gains in the coming days. 

July 8,2019

Pound to Dollar

The GBP/USD exchange rate is trading at around 1.2523 at the start of the new week, 1.35% lower than where it started the previous week. Studies of the charts suggest the pair is in a downtrend which is expected to continue over the next five days.

July 8,2019

The Dollar built on earlier gains Friday after the latest nonfarm payrolls report and unemployment data revealed a sharp rebound in U.S. jobs growth during June, taking the market by surprise even though investors were already looking for steep gains. 

July 5,2019

The Pound could face even steeper losses against the Dollar than some in the market expect in the event of a 'no deal' Brexit after October 31 according to new analysis from Pantheon Macroeconomics, while others are warning the British currency will weaken further going into Autumn.

July 5,2019

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