The Pound to Dollar exchange rate has rallied to its highest since April 2022 but it now faces headwinds in the form of formidable technical resistances around 1.3108 and 1.3240 and might be lucky …
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A surge in momentum behind GBPUSD should take it higher and it is too early to expect a material pullback on a technical basis, according to a new analysis.
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Strategists at HSBC went against the consensus in late 2023 and forecast a rise in the value of the currency. So, where does the team that got it right see the Pound moving over the coming weeks an…
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The British Pound reached a fresh 2021 high and another key figure at 1.31 on Thursday as the strong rally ignited by the release of softer-than-expected inflation data the previous day extended.
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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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