The Pound-Dollar exchange rate went as high as 1.3050 on Thursday amidst an extension of the USD pullback in the wake of cooler-than-expected U.S. inflation numbers.
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The Dollar fell after U.S. inflation figures came in below expectations and further eased pressure on the U.S. Federal Reserve to raise interest rates beyond July's anticipated hike.
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The march higher in the Pound to Dollar exchange rate reaches a key milestone as the 1.30 level comes into view, but overbought conditions are flashing.
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GBPUSD rallied to a new 2023 best at 1.2911 following the release of labour market data that hinted the Bank of England won't be required to push Bank Rate to above 6.0%.
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The Pound to Dollar exchange rate has rallied back to retest 15-month highs in recent trade but the risk is of economic data conspiring with nearby technical resistance on the chart…
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The Pound to Dollar exchange rate was notably higher after a key U.S. jobs report undershot against market expectations prompting an easing in Federal Reserve rate hike expectations.
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GBPUSD fell to 1.2674 on Thursday following the release of a string of above-consensus U.S. data before recovering back above 1.27 where we find it on Friday, just hours ahead of the week's key dat…
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