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Strategists at HSBC went against the consensus in late 2023 and forecast a rise in the value of the currency. So, where does the team that got it right see the Pound moving over the coming weeks and months?
July 14,2023
The British Pound reached a fresh 2021 high and another key figure at 1.31 on Thursday as the strong rally ignited by the release of softer-than-expected inflation data the previous day extended.
July 14,2023
The Pound-Dollar exchange rate went as high as 1.3050 on Thursday amidst an extension of the USD pullback in the wake of cooler-than-expected U.S. inflation numbers.
July 13,2023
The Dollar fell after U.S. inflation figures came in below expectations and further eased pressure on the U.S. Federal Reserve to raise interest rates beyond July's anticipated hike.
July 13,2023
The march higher in the Pound to Dollar exchange rate reaches a key milestone as the 1.30 level comes into view, but overbought conditions are flashing.
July 14,2023
GBPUSD rallied to a new 2023 best at 1.2911 following the release of labour market data that hinted the Bank of England won't be required to push Bank Rate to above 6.0%.
July 14,2023
The Pound to Dollar exchange rate has rallied back to retest 15-month highs in recent trade but the risk is of economic data conspiring with nearby technical resistance on the charts to stall or otherwise sap momentum from its recovery in the days ahead.
July 14,2023
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