US Dollar

The Pound was met by notable selling pressure this week as GBP investors were left disappointed by some high-profile UK data releases.  At the same time, the Euro marched higher this week, as it was undermined by a downbeat market mood and sharp improvement in German economic sentiment.  Pound Tumbles on Disappointing Data  GBP/EUR – … Read more Pound Slumps on Weak Data, Euro Bolstered amid Souring Risk Appetite 

The US Dollar got off to a poor start this week, before a stronger-than-expected US inflation print helped to revived Federal Reserve interest rate expectations.  In contrast, the Pound reversed its initial gains as GBP investors were left disappointed by the UK’s latest GDP figures.  Pound Dented by Disappointing GDP  GBP/EUR – Unchanged on the … Read more US Dollar Rocked by Fluctuating Fed Rate Hike Bets, Pound Stumbles on Lacklustre UK GDP 

The US Dollar traded in a wide range this week as two separate jobs reports offered a conflicting outlook for the US labour market  Meanwhile, the Pound was able to catch bids this week after a positive revision to UK private sector growth in September.  Pound Supported by Upwardly Revised PMIs  GBP/EUR – Unchanged on … Read more US Dollar Rocked by Conflicting Employment Figures, Pound Buoyed by Upwardly Revised UK PMIs 

The pound was met by notable resistance this week as a result of an increasingly pessimistic outlook for the UK.   Meanwhile, the US dollar soared to its highest levels since the end of 2022, before plummeting back down to earth as investors sought to book their profits.  Pound Knocked by UK’s Bleak Economic Outlook  … Read more Pound Buffeted by Gloomy UK Economic Outlook, US Dollar Slips from Multi-Month Highs 

The pound tumbled to new multi-month lows this week, after the Bank of England (BoE) surprised markets by leaving interest rates on hold.  While the Federal Reserve also hit pause this week, its hawkish forward guidance allowed the US Dollar to strengthen.  Pound Nosedives as BoE Leaves Rates Untouched  GBP/EUR – Down one cent on … Read more Pound Slumps as BoE Hits Pause, US Dollar Supported by Hawkish Fed 

The US Dollar climbed to a new multi-month high this week, as it was underpinned by a bearish mood and Federal Reserve interest rate expectations.  Meanwhile, the Pound faced headwinds this week as a result of some dovish comments from Bank of England (BoE) Governor Andrew Bailey.  Pound Weakens as BoE Predicts UK inflation set … Read more US Dollar Strikes New Multi-Month High, Pound Knocked by BoE Bailey Comments

Pound (GBP) Firms amid Cheery Market Mood With data releases in short supply, the Pound nevertheless managed to firm against some of its peers. As an increasingly risk-on currency, Sterling was able to gain support amid today’s upbeat market mood. Tomorrow, the final print of the UK’s service PMI is scheduled to print. If it … Read more Euro Capped by Sliding Investor Confidence