Pound-Dollar News Directory

A rallying Dollar drove the Pound back near to its lowest levels since late November in the penultimate session of the week after better-than-expected U.S. economic data and hawkish commentary from Federal Reserve (Fed) rate setters turned the New Year tide in favour of the greenback. 

January 5,2023

GBP/USD is under pressure amidst signs the Federal Reserve might have to raise interest rates to 5.4% amidst ongoing strength in the U.S. labour market.

January 5,2023

The Pound to Dollar exchange rate entered the New Year with a solidifying foothold above 1.20 and inflation differentials suggesting that it is undervalued while below 1.25, although the risk is of important U.S. economic data leaning against any recovery by Sterling later in the week.

January 3,2023

The Pound to Dollar exchange rate had risen to one-week highs in mid-week trade but handed back these gains after the National Association of Realtors said a slump in pending sales of U.S. homes deepened during November, making for the sixth successive month of declines.

January 5,2023

Foreign exchange analysts are considering the prospect of a near-term retreat in GBP/USD back below the psychologically significant 1.20 level.

January 5,2023

The Pound to Dollar exchange rate was toppled at six-month highs last week as deteriorating economic data and hawkish central banks drove a rout in risky assets but Sterling could benefit this week if the forthcoming holiday period leads the speculative market to lighten up on its own risk for a while. 

December 19,2022