The Dollar is bid at the start of the new month and final quarter of 2024, helped along by Federal Reserve Chair Jerome Powell's latest guidance on interest rates.
October 1,2024
Year-to-date, the GBP/USD is up about 5.3%. While the potential to extend these gains is there, the cable is now less than 70 pips away from testing a key long-term resistance zone between 1.3500 and 1.4000.
September 30,2024
The Pound to Dollar exchange rate can continue to advance in the coming days according to our Week Ahead Model. Fedspeak and U.S. payrolls are the fundamental risks to the positive setup.
September 30,2024
The British Pound extended its rally against the U.S. Dollar, but month-end flows and overbought conditions could prompt a pullback in the coming days.
September 24,2024
The Dollar is under renewed pressure after two members of the Federal Reserve's interest rate setting committee (the FOMC) signalled the market was right to expect further interest rate cuts.
September 23,2024
The British Pound can continue to advance against the Dollar in the coming weeks, but the next few days could see some consolidation around current levels.
September 23,2024
Analysts are tipping Pound Sterling to extend its run of outperformance after the Bank of England signalled it would maintain a restrained approach to interest rate cuts.
September 20,2024
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