Pound-Dollar News Directory

The Pound was clobbered in the opening session of the week after the government said it is now working under the assumption the UK will leave the EU in 'no deal' Brexit at the end of October, which has already prompted BMO Capital Markets to downgrade its forecasts for the British currency.  

July 29,2019

The Dollar rose broadly Monday and could be poised to continue outperforming its developed world rivals this week even if the Federal Reserve ( Fed) cuts its interest rate on Wednesday, according to analysts at J.P. Morgan, who say a weak global economy means investors will continue to favour the U.S. currency. 

July 29,2019

Concerning the outlook for GBP/USD, studies of the charts suggest the pair is at a crossroads with a 'hard' floor of support underpinning the British currency.

July 28,2019

The Dollar extended gains over rivals Friday after official data showed the economy growing faster than was expected during the second-quarter, challenging a consensus suggesting America is headed for the rocks and promting investors to rethink earlier bets that the Federal Reserve (Fed) is on the verge of an 'easing cycle'.

July 26,2019

The Dollar was buoyed Tuesday by a bipartisan agreement to defer a clash over the U.S. debt ceiling until after the next Presidential election although investor appetite for the greenback will tested on Thursday and Friday when the European Central Bank (ECB) interest rate decision is announced and second-quarter growth data is released.

July 23,2019

The Pound-to-Dollar rate is set to begin trading around 1.2498 when the market opens after falling back to its January lows in the previous week, where Sterling has found significant technical support even if the overall trend is still to the downside. 

July 21,2019