Pound-Dollar News Directory

The U.S. Dollar lost purchasing power after the U.S. Federal Reserve delivered an emergency 50 basis point interest rate cut on Tuesday, a move aimed at preempting any financial slowdown stemming from the coronavirus outbreak.

March 3,2020

The Pound-to-Dollar rate was buoyed Tuesday by strong construction industry data and as Bank of England (BoE) Governor Mark Carney appeared before the Treasury Select Committee where he ruled out the idea of an experiment with negative interest rates and pledged support for the economy.

March 3,2020

The Pound-to-Dollar rate came under mounting pressure heading into the weekend and has now broken a multi-month uptrend on the charts, creating a bearish technical picture on the charts just as the evolving coronavirus not-pandemic threatens to weigh disproportionately on Sterling. 

March 1,2020

The Pound doubled over on Friday, suffering heavy losses against the Dollar as stock markets dived further into ‘correction’ territory and a Federal Reserve (Fed) official suggested the bank will not cut interest rates to save investors from further losses. 

February 28,2020

The Dollar and Pound were deep in the red Thursday as investors appeared to be pricing-in a global coronavirus crisis that's already walloping stock and commodity markets and which could prompt a further unwinding of recent bullish bets on both currencies.

February 28,2020

The Pound gained on the Dollar in what was a resilient performance from the British currency amid a global flight to safety on Tuesday as markets fixated on the continued spread of coronavirus outside of China including in Europe, and some analysts are suggesting that further gains are possible. 

February 26,2020