Pound tops the performance table

The Pound has risen back into the top spot of the major currency performance table for 2021 after two rate setters indicated that “risk management considerations” could lead the Bank of England (BoE) to end its emergency quantitative easing programme as soon as its August policy decision.

July 16,2021

US economy running hot

The Dollar was up sharply against major peers following the release of U.S. inflation numbers that were significantly stronger than expected.

July 13,2021

Inflation

The Pound could experience some heightened volatility against the U.S. Dollar on Tuesday as foreign exchange traders take a cue from U.S. inflation data.

July 13,2021

Pound to US dollar

The Pound-to-Dollar exchange rate enters the new week in the higher end of its likely range and could be volatile over the coming days as the market digests commentary from the Federal Reserve (Fed) while processing economic data from the UK, U.S. and other major economies.

July 11,2021

UK economic growth rebound

The UK economy grew 24.6% in the year to May, an impressive headline figure flattered by the economic crash a year earlier but one that nonetheless is softer than the 25.9% the market had been expecting.

July 9,2021

Federal Reserve

The Pound-to-Dollar exchange rate entered the penultimate session of the week appearing well supported after minutes of June’s Federal Reserve (Fed) meeting asked awkward questions of market assumptions about the bank’s timeline for ending its quantitative easing (QE) programme and lifting interest rates.

July 8,2021

Wearing masks

The Dollar is finding support amidst renewed investor anxieties over medium-term global growth according to new research, suggesting those watching this currency will have more than just the U.S. Federal Reserve and inflation expectations to consider.

July 7,2021

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