The Pound to Dollar exchange rate holds onto the gains made following the release of UK inflation and further advances are possible into the July 04 General Election.
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The Pound to Dollar exchange rate has entered a short-term uptrend that can extend over the coming days, particularly if UK service inflation figures disappoint on Wednesday.
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The US dollar rebounded on Thursday and is holding onto those gains today as data showed that import prices increased 0.9% month-on-month in April, taking the annual rate up to 1.1% from 0.4%.
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Pound Sterling looks at risk of a near-term pullback and consolidation against the Dollar, but further gains the bigger picture is one of an increasingly bullish technical setup as indicators advoc…
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Pound Sterling rallied against the Dollar after a key U.S. inflation print undershot expectations and retail sales showed a notable retracement in spending during April.
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Dollar exchange rates soon recovered following news that prices at U.S. producers rose sharply last month, giving rise to fears inflation continues to accelerate.
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Swingeing new import tariffs on Chinese goods are yet another supportive development for the Dollar, according to currency market analysts.
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