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Currency News - USD

GBP/USD Stabilises as Investors Digest Fed Policy Announcement

Written by Arron Morris on Friday, September 22, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3517 Yesterday’s low: $1.3469 Pound Stabilises Following Better than Expected Public Sector Borrowing Figures The Pound US Dollar exchange rate trended in a narrow range for much of Thursday as markets digested the Federal Reserve’s announcement that it would begin cutting its balance sheet over the coming months. Meanwhile better than forecast public…(read more)

US Dollar Jumps as Fed Announces Unwinding of Balance Sheet

Written by Arron Morris on Thursday, September 21, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3592 Yesterday’s low: $1.3465 US Dollar Climbs Following Fed Policy Meeting The US Dollar surged yesterday evening following the latest Federal Reserve policy meeting, in which the bank announced that it would begin reducing the $4.5 trillion balance sheet that it has accrued in the decade since the financial crisis. Investors were also…(read more)

GBP/USD Volatile in Reaction to Boris Johnson Sacking Rumour

Written by Arron Morris on Wednesday, September 20, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3552 Yesterday’s low: $1.3468 Pound Fluctuates Following Carney Speech Sterling initially tumbled against the US Dollar on Tuesday as markets remained downbeat following slightly dovish remarks from Bank of England (BoE) Governor Mark Carney in a speech on Monday. However the Pound recouped some of its losses in the afternoon following reports that…(read more)

GBP/USD Exchange Rate Dips on Boris Johnson Comments

Written by Arron Morris on Tuesday, September 19, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3619 Yesterday’s low: $1.3531 Pound Declined on Surprise Article from Boris Johnson Last week saw the Pound rise sharply against the US Dollar, following rising expectations of a Bank of England (BoE) interest rate hike in 2017. Yesterday was less positive, with the Pound dipping against the US Dollar and most other peers….(read more)

GBP/USD Extends One-Year High on BoE Comments

Written by Arron Morris on Monday, September 18, 2017. Currency News - Sterling / USD

Friday’s high: $1.3608 Friday’s low: $1.3387 US Dollar Recovers from Worst Levels Despite the US Dollar strengthening due to US inflation data on Thursday and higher Fed interest rate hike bets, the Pound to US Dollar exchange rate soared last week. Thursday saw the Bank of England (BoE) hold its September monetary policy decision and…(read more)

GBP/USD Falls from One-Year-High

Written by Arron Morris on Thursday, September 14, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3326 Yesterday’s low: $1.3228 US Dollar Pushes Back against Pound The GBP/USD exchange rate slipped yesterday after hitting a one-year-high in the morning. The main reason for the day’s movement was a disappointing UK employment report from July. While employment and the unemployment rate were better than expected, UK wage growth was slower…(read more)

GBP/USD Hits Fresh One-Year-High

Written by Arron Morris on Wednesday, September 13, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3278 Yesterday’s low: $1.3163 US Dollar Fails to Hold against Pound Surge Investors haven’t had enough reason to keep buying the US Dollar, causing it to easily drop against a strong Pound yesterday. GBP/USD surged to a one-year-high on Tuesday morning as markets digested a higher-than-expected UK inflation report. With UK inflation stronger…(read more)

GBP/USD Set for Turbulence

Written by Arron Morris on Tuesday, September 12, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3222 Yesterday’s low: $1.3165 Hurricane Concerns Weigh on USD The US Dollar made minor losses against the Pound yesterday, closing daily trading in the region of 1.3200. There wasn’t a great deal of domestic data to refer to, with economists mainly focusing on the possible fallout of Hurricane Irma. The Pound also rose…(read more)

GBP/USD Puts in Week of Strong Gains

Written by Arron Morris on Monday, September 11, 2017. Currency News - Sterling / USD

Friday’s high: $1.3216 Friday’s low: $1.3128 GBP/USD Slips Slightly from Monthly High Last week saw one of the best weekly GBP/USD gains in months, as the US Dollar broadly weakened. On Friday, Sterling advanced due to the latest UK manufacturing production results, which beat expectations in both monthly and yearly prints. NIESR’s UK growth projection…(read more)

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