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.
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GBP/USD in strong comeback, suggests the multi-year low is now in.
Read more … →The Dollar suffered its deepest one-day fall in over a decade following a softer-than-expected U.S. inflation data release, a move which facilitated an unprecedented 3.15% advance in the Pound to D…
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GBP leapt 2.0% against the U.S. Dollar following the release of U.S. inflation data that was softer across the board.
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With the Dollar finding it harder to sustain rallies, a big upside surprise is required from Thursday's inflation data if the bulls are to regain the initiative.
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A predicted Republican 'red wave' appears to have not materialised in the U.S. midterm elections, something analysts say could be negative for the Dollar.
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USD could be in the final phase of its multi-month rally according to analysts at Capital Economics, although they warn it is still too soon to prepare for the Greenback to roll over and turn trend…
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