The Pound to Dollar exchange rate, or “Cable” as it is known amongst traders, is vastly overvalued and therefore a prime candidate for selling, says J P Morgan strategist Paul Meggyesi in a recent …
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GBP/USD lost ground last week as the Dollar rose on the increasing likelihood the Federal Reserve will raise interest rates in March thus stimulating foreign capital inflows.
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Foreign exchange markets will be focussed on the words of US Federal Reserve Chair Janet Yellen who hits the airwaves at 18:00.
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Pound Sterling has fallen back against the US Dollar as foreign exchange markets continue to place bets on a higher US interest rates being delivered by the US Federal Reserve over the duration of …
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Pound Sterling was one of the worst performing currencies at the start of the new month having fallen sharply against all of the major currencies.
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Assuming a conservative target expectation, it will probably at the very least reach the 1.2770 range highs, which would provide an initial target for the pair.
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The US Dollar was seen stronger at the start of the new month having gained on the back of communication from the US Federal Reserve while US President Trump’s much-anticipated address to a joint s…
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