The forecast is for further declines in the pound dollar exchange rate after fresh yearly highs were seen earlier this week.
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The outlook for the pound / dollar exchange rate remains constructive with the GBP managing to reverse morning losses encountered in the wake of the release of January's inflation data.
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The US dollar exchange rate (USD) complex is soft on Monday following the release of below-expected industrial production data on Friday adding to the recent run of soft US data.
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The US dollar exchange rate complex (USD) is witnessing weakness on Thursday morning as global markets trade weaker as analysts rush to update their forecasts for the pound dollar exchange rate.
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Sterling saw broad gains Wednesday morning following the Bank of England’s quarterly inflation report which provided updates on the bank’s forecasts for growth and inflation.
Read more … →The US dollar exchange rate complex (USD) is stabilising following on from two difficult weeks.
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A look at the performance of the British pound sterling against the US dollar, euro, Canadian, New Zealand and Australian dollars on the 5th of February 2014.
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