The Pound to Dollar rate has regained the ground lost in September but its recovery could lose momentum this week or potentially even stall entirely due to uncertainty about the outcome and implications of forthcoming interest rate decisions from the Federal Reserve (Fed) and Bank of England (BoE).

November 1,2022

The Pound to Dollar exchange rate remained buoyant near the week's highs after the Federal Reserve's (Fed) preferred measure of inflation underwhelmed expectations and did nothing to persuade the market into bidding afresh for the greenback ahead of next Wednesday's interest rate decision. 

October 28,2022

The Pound to Dollar exchange rate climbed further in the mid-week session to reach its highest level since the middle of September after the Chinese Renminbi surged and U.S. exchange rates fell across the board following reports of intervention from Beijing that appeared to lift all G20 currencies.

October 26,2022

The Pound to Dollar exchange rate has rallied strongly in recent trade and may rise further in the short-term but will run the risk of a setback as the week goes on when forthcoming economic data is likely to see attention return to the increasingly divergent prospects of the UK and U.S. economies.

October 24,2022

So, in a week in which dizzy Lizzy resigns and the UK faces its second Tory leadership contest, I find myself starting to yearn for a return by Boris Johnson – I freely admit that I cannot stand him, but surely anybody would be better than nobody?

October 21,2022

Foreign exchange analysts at BMO Capital say the near-term outlook for the Pound has improved considerably and further gains are possible if the UK leadership is changed in the next two weeks.

October 18,2022