The Dollar was broadly softer after a highly-anticipated business survey missed expectations and hinted at a potential slowdown in America's hot growth rate.
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Pound Sterling has held up better against the dollar than most in 2024, but this resilience will be tested on Friday when a crucial U.S. jobs report is released.
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The Dollar may surge if the market realises that the Federal Reserve won't cut interest rates in 2024, as now anticipated by a major American money manager.
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The Dollar is gaining against its major rivals, helped by a notable "risk off" signal in US equity markets.
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The Pound to Dollar exchange rate has retreated in the midweek session from 1.2687 to 1.2655, raising the prospect that a six-day uninterrupted advance could be ending, although some say some furth…
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February month-end flows are likely to result in a weaker Dollar, according to Crédit Agricole's assessment of potential month-end currency market flows.
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Pound Sterling is favoured over the Dollar this week thanks to an improved technical setup, a well-understood Fed rate cut repricing story and month-end flows.
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