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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
The Pound to Dollar exchange rate rose by over a per cent to retake 1.23 and further improve its short-term setup following the release of U.S. labour market statistics that disappointed against expectations.
November 6,2023
GBPUSD's technical setup has improved notably following Friday's surge but any further upside progress will be tested by this week's UK GDP data release and speeches from the Bank of England's Andrew Bailey and the U.S. Federal Reserve's Jerome Powell.
November 6,2023
The Dollar was softer across the board after the Federal Reserve maintained interest rates at existing levels and signalled little appetite to raise interest rates again.
November 2,2023
Risks to the Dollar are tilted to the downside, according to a new tactical preview of the looming Federal Reserve interest rate decision and policy update conducted by TD Securities.
November 1,2023
The downtrend in the Pound to Dollar exchange rate (GBPUSD) is not complete, according to a new technical analysis conducted by Société Générale.
November 1,2023
According to a new economic research update from Wells Fargo, the Bank of England will cut interest rates ahead of the U.S. Federal Reserve in a move that should propel the Pound to Dollar exchange rate firmly below 1.20.
October 31,2023
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