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GBP/USD testing cluster of resistances at 1.2867 & 1.2877 on chart, Bank of England is key risk this week.
June 19,2023
GBPUSD rallied to a new 14-month high as a mixed set of U.S. economic data failed to convince markets the Federal Reserve was certain to raise interest rates in July.
June 16,2023
GBPUSD retreated from earlier highs after the Federal Reserve said it would leave its base interest rate unchanged at 5-5.25%, as expected.
June 19,2023
GBPUSD neared a key technical test in the form of the 2023 high ahead of the midweek Federal Reserve policy decision that could result in a potential fresh best being set for the year.
June 14,2023
The Dollar was sold after official figures confirmed U.S. inflation is falling sharply amidst an ongoing decline in the price of energy and a broader easing of price pressures, opening the door for the Federal Reserve to keep interest rates unchanged on Wednesday.
June 14,2023
In a significant week for monetary policy, the U.S. dollar is poised to regain strength, with market analysts anticipating a positive trajectory.
June 12,2023
The Pound to Dollar exchange rate has reversed a large part of its May decline in early June trade and while it might yet rise further, there are technical impediments to obstruct any recovery beyond 1.26 on the charts, and numerous appointments in the economic calendar that could lead to a setback for Sterling in the days ahead.
June 12,2023
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