The Pound and Euro fell sharply against the Dollar in response to Tuesday's U.S. inflation reading, but in midweek trade both European currencies have pared a good portion of these losses.
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The Dollar rose sharply after data showed U.S. inflation is running hotter than markets were expecting, meaning the Federal Reserve will be emboldened in its desire to raise interest rates.
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The Pound to Dollar exchange rate hit new multi-decade lows last week before rebounding ahead of the weekend but whether it can extend this move likely depends on the market response to U.S. inflat…
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GBP/USD is over a percent higher to 1.1636 amidst an improved tone to global market sentiment, but caution remains the order of the day.
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The Pound was left walking wounded following a sell-off almost as steep as that endured by the Japanese Yen this week but one speculative market participant has warned that night often feels darkes…
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Pound Sterling has fallen to its lowest level since 1985 against the U.S. Dollar, and is looking poor against all its major competitors.
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GBP selloff by no means over according to a major investment bank, despite hopes that the new government of Prime Minister Liz Truss can alter the outlook for the UK economy for the better.
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