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Currency News - USD

GBP/USD Plummets as BoE Rate Hike Now in Doubt

Written by Arron Morris on Monday, April 23, 2018. Currency News - Sterling / USD

Last week’s high: $1.4291 Last week’s low: $1.4085 Pound Nosedives as May Rate Hike Expectations Dampened After briefly striking a new post-Brexit high at the start of the session, the Pound US Dollar exchange rate suffered a sharp sell-off last week on fears the Bank of England (BoE) may no longer be targeting a rate…(read more)

GBP/USD Advances as Trump Threats Spook Markets

Written by Arron Morris on Monday, April 16, 2018. Currency News - Sterling / USD

Last week’s high: $1.4291 Last week’s low: $1.4085   Trump Rhetoric Prompts Losses for the US Dollar The Pound US Dollar exchange rate struck its highest levels since the Brexit referendum last week as geopolitical concerns weighed heavily on USD. These concerns were even enough to offset some impressive US inflation figures, despite suggestions that…(read more)

US Dollar Crumbles Despite Easing Trade War Fears

Written by Joe Mayhew on Tuesday, March 27, 2018. Currency News - Sterling / USD

Pound News: Weaker Mortgage Approvals Fail to Dent UK Outlook While the latest UK mortgage approvals figure fell short of forecast the Pound (GBP) was largely able to shrug off the weaker showing. Although there are concerns that the UK housing market is continuing to slow markets nevertheless maintained a relatively optimistic view of the…(read more)

GBP/USD Climbs as Fed Strikes Cautious Tone

Written by Arron Morris on Monday, March 26, 2018. Currency News - Sterling / USD

Last week’s high: $1.4174 Last week’s low: $1.3896 Fed Targets only Two More Rate Hikes in 2018, US Dollar Weakens The Pound was able to make some solid gains against the US Dollar last week as investors reacted to the Federal Reserve’s latest rate decision. While the Fed voted to raise interest rates this month,…(read more)

GBP/USD Fluctuates on Upbeat Private Sector Activity and US Fed Rate Hike Anticipation

Written by Arron Morris on Monday, March 19, 2018. Currency News - Sterling / USD

Friday’s high: £1.3981 Friday’s low: £1.3888 GBP/USD Exchange Rate Pressured as US Manufacturing Production Smashes Forecasts The Pound US Dollar (GBP/USD) exchange rate fluctuated last Friday, falling later into the day as markets responded to a surprising run of upbeat private sector figures from the US. According to the US Federal Reserve, industrial production (a…(read more)

GBP/USD Rebounds from Monthly Low on Trade War Fears

Written by Arron Morris on Monday, March 5, 2018. Currency News - Sterling / USD

  Last week’s high: $1.4060 Last week’s low: $1.3715 Concerns about US Trade Tariffs Help Pound to US Dollar Recover Despite broad concerns about the possibility of a ‘hard Brexit’ and uncertainty about upcoming UK-EU negotiations over the past week, the Pound to US Dollar exchange rate edged away from its worst levels before the…(read more)

GBP/USD Fluctuates on Central Bank Speculation

Written by Arron Morris on Monday, February 26, 2018. Currency News - Sterling / USD

Last week’s high: $1.4064 Last week’s low: $1.3861 BoE Rate Speculation Helps Pound to Rally The Pound stumbled against the US Dollar throughout much of last week’s session as both the UK’s latest employment and GDP figures came in worse than expected. However Sterling sentiment was able to recover at the tail end of the…(read more)

GBP/USD Slips from Highs as UK Retail Stats Disappoint

Written by Arron Morris on Monday, February 19, 2018. Currency News - Sterling / USD

Last week’s high: 3798 Pound Falls from Best Levels versus US Dollar The Pound to US Dollar exchange rate was unable to close the week near its best levels, as Sterling was dragged down by disappointing UK ecostats during Friday trade. Friday saw the publication of Britain’s January retail sales results, which came in short…(read more)

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