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Currency News - USD

Bets of Aggressive Fed Easing Leave USD Fluctuating

Written by Alastair Archbold on Monday, July 22, 2019. Currency News - Sterling / USD

Last week’s high: $1.2592 Last week’s low: $1.2387 Pound to US Dollar Exchange Rate Recovers Thanks to Broad US Dollar Weakness In the middle of last week, the Pound to US Dollar (GBP/USD) exchange rate briefly slumped to its lowest levels in over two years – since early 2017. This was caused by rising market…(read more)

GBP/USD Edges Higher as US Rate Cut Fears Increase

Written by Alastair Archbold on Monday, July 15, 2019. Currency News - Sterling / USD

Last week’s high: $1.2561 Last week’s low: $1.2442 USD Dollar Sinks as the Fed Hints at Imminent Rate Cuts The Pound US Dollar (GBP/USD) exchange rate rose last week following the Federal Reserve’s hints at a possible rate cut this month. This came following comments from Fed Chairman Jerome Powell who said that global trade…(read more)

GBP/USD Nosedives as Abysmal PMIs Prompt UK Growth Fears

Written by Alastair Archbold on Monday, July 8, 2019. Currency News - Sterling / USD

Last week’s high: $1.2704 Last week’s low: $1.2542 US Dollar Sinks on Fed Rate Cut Expectations The Pound US Dollar exchange rate slumped last week, with Sterling’s losses being kicked off by the release of some gloomy PMI figures. This saw an extremely narrow expansion in the dominant service sector unable to offset slumps in…(read more)

Anxiety over No-Deal Brexit Drives GBP/USD Lower

Written by Arron Morris on Monday, July 1, 2019. Currency News - Sterling / USD

Last week’s high: $1.2769 Last week’s low: $1.2666 Disappointing US Goods Trade Balance Fails to Boost GBP/USD Although the Federal Reserve still appears on course to cut interest rates at its July policy meeting this failed to shore up the GBP/USD exchange rate last week. However, the US Dollar remained generally under pressure thanks to…(read more)

GBP/USD Skyrockets on Dovish Fed Signals

Written by Alastair Archbold on Monday, June 24, 2019. Currency News - Sterling / USD

Last week’s high: $1.2722 Last week’s low: $1.2513   US Dollar Sinks on Fed Rate Cut Expectations The Pound US Dollar exchange rate roared higher last week on the back of increased odds that the Federal Reserve will soon begin to reverse some of last year’s rate hikes. This comes after the Fed sent a…(read more)

Increasing Odds of Fed Rate Cut Help GBP/USD

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / USD

Last week’s high: $1.2780 Last week’s low: $1.2620   US Dollar Weakens as Markets Price Near-Certainty of 2019 Fed Rate Cut The odds of the Federal Reserve cutting interest rates in the coming months continued to mount last week, limiting the strength of the US Dollar. As May’s consumer price index fell short of forecasts,…(read more)

GBP/USD Rallies on Fed Rate Cut Speculation

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / USD

Last week’s high: $1.2745 Last week’s low: $1.2610   US Dollar Bludgeoned by Rising Rate Cut Odds The Pound US Dollar exchange rate rallied last week, with the pairing climbing around a cent amidst growing speculation that the Federal Reserve will be forced to lower interest rates. Fueling this speculation were comments by Fed Chair…(read more)

GBP/USD Exchange Rate Falls as Trade Tensions Escalate

Written by Alastair Archbold on Monday, May 20, 2019. Currency News - Sterling / USD

Last week’s high: $1.3038 Last week’s low:  $1.2758   Safe-Haven US Dollar Rises as US-China Trade Tensions Escalate On Monday, the safe-haven US Dollar rose against the Pound as trade tensions escalated. With China stating it would raise tariffs on $60 billion worth of US goods. Meanwhile, the Pound slipped against the US Dollar on…(read more)

GBP/USD Exchange Rate Flat as Trump’s 25% Tariffs Take Effect

Written by Alastair Archbold on Monday, May 13, 2019. Currency News - Sterling / USD

Last week’s high: $1.3151 Last week’s low: $1.2973   Safe-Haven US Dollar Benefits as Trump’s Tariffs Weigh on Risk Appetite Last week reports emerged suggesting that China had backtracked on nearly all aspects of the US-China trade agreement, which caused the Pound US Dollar exchange rate to slip. This was confirmed on Wednesday when US…(read more)

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