More disappointment is in store for investors hoping for a string of U.S. interest rate cuts to boost equity markets and send the Dollar lower.
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The Dollar retreated after U.S. retail sales and industrial production numbers printed at levels that were weaker than expected.
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The lion's share of the Dollar's move higher might be behind us as financial markets finally fall into line with the Federal Reserve's warning that it would resist cutting interest rates too soon.
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The Pound to Dollar exchange rate dropped below 1.26 after U.S. inflation beat expectations across the board when released on Tuesday.
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U.S. CPI inflation for January is predicted to read at 2.5% year-on-year when released on Tuesday, according to Truflation, in an outcome that would represent a significant undershoot to the 2.9% t…
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The Pound to Dollar exchange rate remains well supported and the coming week's heavy UK and U.S. economic calendars could offer the chance of a return to the 1.27 level.
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The Pound to Dollar exchange rate dipped below the 1.26 level amidst fresh evidence of strong U.S. economic growth.
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