Pound-Dollar News Directory

Chairman Jerome Powell has indicated the Federal Reserve (Fed) is near a "sufficiently restrictive" level of interest rates and that it's cycle of increases may soon be over but this suggestion came with numerous caveats, details of which can be found in the below transcript of Wednesday’s press conference. 

February 2,2023

The Dollar fell sharply against the Pound, Euro and other major currencies after the Chair of the Federal Reserve said the U.S. economy would not require significantly more rate hikes to bring inflation lower.

February 2,2023

Strategists at TD Securities say the Dollar selloff is "stretched" and "parts of FX are displaying signs of rally fatigue."

February 1,2023

USD tipped to struggle in wake of Fed hike by Goldman Sachs, most analysts say Fed nearing the end of hiking cycle.

February 1,2023

"Getting the dollar weaker will become an unspoken objective – the trade deficit is much too big given government policy aimed at reshoring production".

January 30,2023

The Pound to Dollar exchange rate has laid siege to six-month highs in recent trading but uncertainty about this week's interest rate decisions and U.S. economic data could prevent a further recovery over the coming days.

January 31,2023