The Pound to Dollar exchange rate has clung onto much of the gain made in the wake of June’s Bank of England (BoE) policy decision but without any further corrective decline by the Dollar, Sterling could be likely to consolidate within roughly a 1.2171 to 1.2323 range during the week ahead.
June 27,2022
Expectations for the scale of interest rate hikes at the major central banks might have peaked, which might mean financial and foreign exchange markets have witnessed an important turning point.
June 24,2022
On a day of PMI data releases it is the UK which has surprised positively while the Eurozone and U.S. have all delivered sizeable downside surprises.
June 23,2022
"We maintain our view that the USD is likely to be stronger for longer" - Rabobank.
June 21,2022
The Pound to Dollar rate rebounded sharply from near March 2020 lows last week and could look to extend its recovery in the days ahead but much depends on U.S. bond yields and the impact of remarks from Federal Reserve (Fed) policymakers as well as a looming flurry of UK economic figures.
June 20,2022
The Federal Reserve will continue to hike by sizeable increments that will maintain conditions for further Dollar strength say analysts.
June 20,2022
Dollar exchange rates pared away overnight losses in Europe on Thursday after Chairman Jerome Powell said there is broad support at the Federal Reserve (Fed) for lifting its interest rate to a “modestly restrictive” level during the months ahead in remarks that validated financial market expectations.
June 16,2022
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