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The Dollar retreated against the Pound and other major currencies after data reaffirmed that U.S. inflation had peaked and was in the process of slowing, keeping alive expectations the Federal Reserve would soon end its interest rate hiking cycle.
January 13,2023
GBP/USD will look to the release of U.S. inflation data on Thursday to further underpin its multi-week rally, with a softer-than-expected reading potentially even allowing for fresh highs to be tested.
January 11,2023
The British Pound could be on course to register further gains following a strong turnaround over recent hours, according to analysts.
January 11,2023
The Pound to Dollar exchange rate has sharply reversed its New Year losses and could rise further this week if global markets build on last Friday's gains but public remarks from Federal Reserve (Fed) officials and the latest U.S. inflation figures are potential risks to the recovery.
January 10,2023
The Dollar pared some of its recent advances after data showed U.S. wage growth was softer than expected in December, however, support was offered by a stronger-than-expected increase in jobs.
January 6,2023
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
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