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The Dollar's sharp decline against the Euro, Dollar and the majority of the world's currencies was out of step with the nature of the data that caused it in the first place, according to a leading foreign exchange strategist.
November 15,2023
GBPUSD went back above the 1.23 level and approached 1.24 following the release of U.S. inflation data for October that showed inflation in the world's largest economy had softened more than the market was expecting.
November 14,2023
Following a run of five consecutive daily losses, it is hard to describe Pound Sterling's outlook against the Dollar as anything but soft.
November 13,2023
The Dollar rose broadly after the head of the U.S. central bank sparked renewed expectations for further interest rate hikes as he expressed concern that inflation would remain too high over the coming months.
November 10,2023
The British Pound could be on course to record a fourth successive daily loss and the technical setup advocates for further declines, according to a new analysis.
November 9,2023
Foreign exchange strategists at HSBC are sellers of the British Pound because recent interest rate developments leave the currency looking over-priced while economic headwinds limit its attractiveness.
November 8,2023
GBPUSD was unable to make much headway beyond a key technical level that lies just above 1.24 and now risks falling back to 1.2250 over the coming days.
November 7,2023
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