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The Pound to Dollar exchange rate slipped back toward 18-month lows week owing to a strong Dollar and growing uncertainty about the Bank of England (BoE) interest rate outlook, which could continue to limit Sterling’s scope for recovery over the coming days.
April 4,2022
The Pound to Dollar exchange rate is likely on course for a return to 1.28 and its lowest level since September 2020, according to strategists at Nomura, who say that selling Sterling remains one of their preferred strategies for trading the Federal Reserve’s (Fed) effort to reign in U.S. inflation.
March 30,2022
The Pound to Dollar exchange rate’s rebound from early March lows was stymied near 1.33 and around a notable level of technical resistance on the charts last week, leaving it vulnerable to a deeper setback over the coming days.
March 28,2022
Hotter than expected inflation figures have aided Pound Sterling higher against the Dollar, with markets betting the Bank of England will have little choice but to pursue further interest rate hikes.
March 23,2022
Dollar exchange rates lifted following the comments as markets braced for a more rapid ascent in U.S. interest rates than had previously been expected.
March 23,2022
GBP/USD upside limited, risks deeper losses ahead as Fed gears up to pull ahead & BoE turns cautious.
March 21,2022
Don't bet against the USD just yet says RBC Capital.
March 18,2022
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