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The Pound to Dollar exchange rate climbed back above 1.20 for the first time since August in midweek trade as losses for the greenback grew following the release of data suggeting that key U.S. industries fell deeper into recession this month and that the local labour market may be beginning to crack.
November 24,2022
HSBC sees USD uptrend ending, upgrades GBP/USD forecasts.
November 23,2022
The Dollar was bid and stocks were lower amidst signs China is tightening restrictions to confront a growing outbreak of Covid-19.
November 21,2022
GBP/USD technicals broadly positive as near-term USD retreat remains intact.
November 21,2022
The Dollar's sharp fall over the course of the past week is looking overdone, according to an analysis from BMO Capital Markets.
November 16,2022
The Pound has rallied to a new three-month best against the Dollar as the major unwind of the U.S. currency sparked by last week's U.S. inflation data release extends.
November 15,2022
GBP/USD in strong comeback, suggests the multi-year low is now in.
November 14,2022
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