Powell

The Dollar strengthened in the hours following another large U.S. interest rate hike and a clear message from Chair Jerome Powell that further hikes were necessary to bring inflation lower.

November 3,2022

Powell

The Fed is not ready to pivot say some analysts, if they are correct the Dollar could move higher following today's Fed decision.

November 2,2022

U.S. Dollar

This could therefore be a week that sees the Dollar reassert its dominance.

November 1,2022

The Pound to Dollar rate has regained the ground lost in September but its recovery could lose momentum this week or potentially even stall entirely due to uncertainty about the outcome and implications of forthcoming interest rate decisions from the Federal Reserve (Fed) and Bank of England (BoE).

November 1,2022

The Pound to Dollar exchange rate remained buoyant near the week's highs after the Federal Reserve's (Fed) preferred measure of inflation underwhelmed expectations and did nothing to persuade the market into bidding afresh for the greenback ahead of next Wednesday's interest rate decision. 

October 28,2022

The Pound to Dollar exchange rate climbed further in the mid-week session to reach its highest level since the middle of September after the Chinese Renminbi surged and U.S. exchange rates fell across the board following reports of intervention from Beijing that appeared to lift all G20 currencies.

October 26,2022

The Pound to Dollar exchange rate has rallied strongly in recent trade and may rise further in the short-term but will run the risk of a setback as the week goes on when forthcoming economic data is likely to see attention return to the increasingly divergent prospects of the UK and U.S. economies.

October 24,2022

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