The British Pound is looking better supported against the Dollar, which sets up a platform for a more substantive rebound heading into next week's Federal Reserve interest rate cut.
September 13,2024
The Dollar was stronger after U.S. inflation beat expectations in August, with the important core CPI inflation reading hitting 0.3% m/m, beating consensus expectations of 0.2%.
September 11,2024
The Pound to Dollar exchange rate (GBP/USD) trades higher in midweek trade, with some analysts attributing a weaker USD to a strong showing by U.S. Presidential Candidate Kamala Harris.
September 11,2024
We forecast further losses for the Pound against the Dollar in the coming week, but we think downside will be limited to 1.3036.
September 9,2024
The Dollar fell after a softer-than-expected U.S. labour market report raised the odds of a 50 basis point interest rate hike at the Federal Reserve on September 18.
September 6,2024
The highlight of the week approaches in the form of the U.S. labour market report, where a surprise outcome can shake up markets ahead of the weekend.
September 6,2024
The wild ride in FX continues with the Dollar falling sharply following a U.S. labour market report that pointed to weakness in the U.S. job market.
September 4,2024
More Articles …
- Is Now the Time to Buy Dollars? Cover Some GBP/USD Exposure says Horizon Currency
- Dollar Surges on Trifecta of Concerning U.S. Economic Data
- Pound to Dollar Week Ahead Forecast: Pullback Has Further to Run
- HSBC Readies for a Dollar Bounce, Pound Said to be Particularly Vulnerable
- Pound to Dollar Rate Unwinding Overbought Conditions
- "Rockstar" Pound Scales New Peak Against U.S. Dollar
- GBP/USD Week Ahead Forecast: Red Hot, Must Cool Off
- GBP/USD Rate Surges to Two-year High on Powell Rate Cut Call
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