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The Pound to Dollar exchange rate corrected higher from near coronavirus crisis lows ahead of the weekend but could attempt to recover further lost ground with a run toward 1.20 in the days ahead if softer market pricing of the Federal Reserve (Fed) interest rate outlook continues to weigh on the greenback.
July 18,2022
The Pound to Dollar exchange rate fell further this week but with the greenback now facing technical resistance against the Euro and Swiss Franc, the U.S. Dollar Index may be in danger of running out of gas and this could in turn potentially help GBP/USD to stabilise close to current levels in the near future.
July 26,2022
"Is the coast clear for a 100bps hike from the Fed on July 29th? Of course it is"
July 14,2022
A stronger than expected inflation reading out of the U.S. has fuelled fresh bidding interest for an already dominant Dollar.
July 26,2022
The Dollar was in demand at the start of the new week amidst a decline in global equity markets linked to fears of further Chinese economic woes linked to news of a new outbreak of Covid-19.
July 11,2022
The Pound to Dollar exchange rate has stubbornly recovered the 1.20 handle but faces a battle to hold onto it in the days ahead during which it will be at risk of a slide toward the round number of 1.18 and may have difficulties in extending any further advance far above the 1.21 level.
July 11,2022
GBP/USD down 1.45 already this week, could be at 1.15 by end-July, Terms of Trade suggest parity even possible.
July 7,2022
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