On February 28 it is worth remembering fund managers in the world's financial centres will be rebalancing their currency hedges which creates a month-end flow of capital which can often move curren…
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"The upbeat tone of Fed Chair Jerome Powell’s first semi-annual congressional testimony today suggests that a March rate hike is, as futures markets believe, a near-certainty,” - Capital Economics.…
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Pound Sterling has turned lower ahead of a key moment in the market's life-cycle: the expiry of billions of pounds worth of options.
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New Governor will lay out his vision for monetary policy including Dollar-linked interest rates, in speech to lawmakers.
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A further decline for the Pound-to-Dollar rate to 1.3790 is forecast in the short-term.
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The GBP/USD exchange rate is quoted at 1.3947 ahead of the London market open which represents a recovery from this week's low of 1.3856.
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All the ingredients are there for a US Dollar rally: economic growth, rising interest rates, fiscal stimulus, and yet the Dollar keeps going down, what's the problem?
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