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Currency News - USD

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)

Stronger US Inflation Fails to Boost US Dollar

Written by Alastair Archbold on Thursday, February 15, 2018. Currency News - Sterling / USD

Pound News: IMF Strikes Cautious Tone on UK Outlook Demand for the Pound (GBP) diminished once again on the back of the latest International Monetary Fund (IMF) assessment of the UK economy. As the IMF noted that the country needs to address its weak productivity problem and improve its international competitiveness, in order to better…(read more)

US Dollar Loses Ground on Global Stock Market Recovery

Written by David Worthington on Tuesday, February 13, 2018. Currency News - Sterling / USD

Pound News: Hawkish BoE Comments See Limited Impact Bank of England (BoE) policymaker Gertjan Vlieghe made rather hawkish comments yesterday, offering a boost to the Pound (GBP). However, while investors were initially pleased by Vlieghe’s upbeat attitude towards the prospect of another interest rate hike GBP exchange rates soon returned to a downtrend, thanks to…(read more)

US Dollar Strengthens as World Braces for March Fed Rate Hike

Written by Arron Morris on Monday, February 12, 2018. Currency News - Sterling / USD

Last week’s high: $1.4168 Last week’s low: $1.3792 USD Gains as March Rate Hike Odds Increase The strong economic data seen recently has so thoroughly convinced markets that the Federal Reserve will be hiking interest rates in March – and again later in the year – that global stock markets have shed over $4 trillion…(read more)

GBP/USD Sheds Weekly Gains as US Non-Farm Payroll Impresses

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

Last week’s high: $1.4274 Last week’s low: $1.3984 Investors Send US Dollar Higher The Pound to US Dollar exchange rate was sold from near its best levels on Friday afternoon as investors reacted to the latest US Non-Farm Payroll report, which was generally impressive and rounded off a week of strong US data. The change…(read more)

US Dollar Returns to Stronger Form on Steady Inflation Data

Written by Alastair Archbold on Tuesday, January 30, 2018. Currency News - Sterling / USD

Pound News: Brexit Jitters Leave Sterling on Back Foot Brexit returned to the forefront of investors’ minds on Monday, with the Conservative government showing fresh signs of division on the matter. Tory backlash over Chancellor Philip Hammond’s apparent push for a softer form of Brexit added to the sense of political worry, leaving the Pound…(read more)

GBP/USD Slips from Post-Referendum High on Poor UK Retail Data

Written by Arron Morris on Monday, January 22, 2018. Currency News - Sterling / USD

Last week’s high: $1.3941 Last week’s low: $1.3725 US Dollar Fails to Capitalise on Pound Weakness The Pound to US Dollar exchange rate slipped from its best levels since the 2016 Brexit vote on Friday afternoon, but due to USD weakness, losses were limited. GBP/USD investors were disappointed by Britain’s December retail sales results, which…(read more)

Strong US Inflation Data Doesn’t Stop GBP/USD Rocketing

Written by Arron Morris on Monday, January 15, 2018. Currency News - Sterling / USD

Last week’s high: $1.3675 Last week’s low: $1.3461 US Dollar Can’t Hold Gains even after Strong Inflation Data Friday saw US core inflation surprise with an uptick to 1.8% against forecasts of a hold at 1.7%, boosting the odds of an interest rate hike from the Federal Reserve. But anticipation ahead of the data release…(read more)

USD Exchange Rates Return to Back Foot on Mixed Fed Messages

Written by James Spurway on Thursday, January 11, 2018. Currency News - Sterling / USD

Pound News: Optimistic GDP Estimate Failed to Boost Sterling The mood towards the Pound (GBP) remained generally bearish on Wednesday, even though the latest raft of UK data was rather mixed in nature. Even though the NIESR gross domestic product estimate for the fourth quarter of 2017 bettered expectations, suggesting an uptick in growth, this…(read more)

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