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Pound to Dollar Rate Slumps after BoE Goes Big on Bank Rate

  • Written by James Skinner

The Pound to Dollar exchange rate slumped alongside other Sterling pairs on Thursday after the Bank of England (BoE) heaped further pressure onto already embattled companies and households with its largest interest rate rise for 27 years while offering an ominous warning about the outlook for the UK economy.

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U.S. Dollar Pares Loss after Services Sector Confounds Expectations

  • Written by James Skinner

The U.S. Dollar reversed earlier losses to make intraday gains over some other major currencies after the Institute for Supply Management (ISM) Services PMI confounded market expectations by rising for the month of July in contrast to the alternative barometer compiled by S&P Global. 

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Pound to Dollar Rally Tipped as Sell at HSBC Ahead of BoE Decision

  • Written by James Skinner

The Pound to Dollar exchange rate has rallied since the mid-month interval but strategists at HSBC are looking ahead to next week’s Bank of England (BoE) policy decision and suggesting that institutional clients of the bank consider selling in anticipation of a setback for Sterling.

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Pound to Dollar Rate Week Ahead Forecast: U.S. Data Minefield

  • Written by James Skinner

The Pound to Dollar exchange rate rallied to one month highs above 1.22 last week but the going could get tougher in the days ahead when it will navigate a minefield of U.S. economic data risks just as the shadow of the Bank of England (BoE) looms larger and larger over Sterling. 

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Dollar Exchange Rate Outlook: Analyst Commentary and Strategy Post-Fed

  • Written by James Skinner

Dollar exchange rates were on course for a second consecutive decline in the final session of the week after the Federal Reserve (Fed) said that U.S. economic data will influence the remainder of its interest rate cycle and official figures showed the economy teetering on the edge of recession. 

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