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The recently popular Pound still retains some recent gains in relation to many currencies including the Dollar but a record increase in speculative buying over the recent week and a history of losses in these circumstances led some to view it as short-selling opportunity.
June 28,2023
JP Morgan is Bullish USD heading into the second half of the year and identifies Pound Sterling as a candidate to absorb much of this strength.
June 28,2023
GBP/USD stalled by resistance near 1.2850 on chart, risks corrective losses back toward 1.2621 or below.
June 26,2023
The U.S. Dollar is on top amidst expectations for yet higher interest rates in the U.S. and other major developed economies that economists fear will lead to the kind of economic slowdown that typically favours the world's de facto currency.
June 23,2023
Powell will have another chance to convince the market about the Fed’s intentions.
June 22,2023
The Pound to Dollar exchange rate soon gave back short-lived gains in midweek trade after the Office for National Statistics (ONS) suggested an inflation genie may be seeping out of a lantern in London with a May consumer price outcome that is unlikely to have been welcomed by the Bank of England (BoE).
June 21,2023
GBP/USD testing cluster of resistances at 1.2867 & 1.2877 on chart, Bank of England is key risk this week.
June 19,2023
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