The Pound to Dollar exchange rate has steadied following a steep sell-off in late July and early August but there are multiple reasons for thinking it could have scope to recover further lost ground in the days ahead, with a retest of the 200-week average up around 1.2845 a credible prospect.
August 12,2024
The Pound to Dollar exchange rate stabilised around one-month lows on Wednesday but it faces technical and fundamental headwinds that could complicate any attempt at recovery in the days and weeks ahead.
August 7,2024
Pound Sterling has declined for three weeks in succession but ultimately clings onto a broadly constructive setup.
August 5,2024
The Pound to Dollar exchange rate rose and stocks tanked after a highly anticipated U.S. job report confirmed unemployment continues to rise as the economy slows.
August 2,2024
Leading U.S. investment banks have laid out their strategies and forecasts for Dollar exchange rates as the countdown to the U.S. election approaches.
August 2,2024
Some heat has been taken out of the Dollar after a measure of the U.S. labour market showed unexpected weakness, bolstering chances for further Federal Reserve rate cuts beyond September.
August 1,2024
The Dollar was remarkably unfazed by the Federal Reserve's commitment to cut interest rates in September, but Pound Sterling is floundering ahead of the Bank of England decision.
August 1,2024
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