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The Pound to Dollar exchange rate was knocked back from near the week's highs ahead of the weekend after U.S. producer prices rose further than was expected for November in what may be a warning of a protracted battle to get inflation back to the 2% target of the Federal Reserve (Fed).
December 9,2022
Technicals look for more GBP/USD upside.
December 8,2022
The Pound to Dollar exchange rate made another attempt at recovering above 1.22 in midweek trade after official data suggested growth in U.S. employment costs moderated last quarter and that productivity picked up in labour market outcomes that would likely be welcomed by the Federal Reserve (Fed).
December 7,2022
Despite a recent retreat from multi-week highs, analysts continue to anticipate the potential for further near-term gains.
December 7,2022
The Pound to Dollar exchange rate reached multi-month highs last week after Federal Reserve (Fed) and Chinese health officials appeared to inspire in investors an almost Pavlovian appetite for chasing risky assets but it remains to be seen if the rally can survive this week's U.S. economic data offering.
December 5,2022
The Pound to Dollar exchange rate handed back some of its earlier gains in the final session of the week after official data suggested U.S. employment growth continued in November at a faster pace than many expected with possible implications for Federal Reserve (Fed) interest rate policy.
December 2,2022
The Pound to Dollar exchange rate rose to some of its highest levels for almost months when climbling back above 1.22 and approaching the 1.23 handle in a rally that built further following the release of Bureau of Economic Analysis data confirming that U.S. inflation pressures eased in October.
December 2,2022
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