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Currency News - USD

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)

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)

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