Tag: Pound to US Dollar

The U.S. dollar slipped lower on Thursday morning as markets await the release of U.S. consumer monthly inflation later in the day. With analysts expecting inflation to continue cooling, investors are hopeful that the Federal Reserve will introduce interest rate cuts as early as...

The sterling stood unchanged during early trading on Wednesday, keeping the currency on track for a 5% rise against the U.S. dollar for 2023. The British pound was last down 0.06% against the greenback at $1.2716, slightly lower than its four-month high of $1.279...

The U.S. dollar staggered on Tuesday after the Christmas break amid signs that US inflation is cooling. Economic data showing a decline in inflation is boosting bets that the Federal Reserve will introduce interest rate cuts early next year. Following bets that the Bank of...

The U.S. dollar held steady on Thursday as investors await the release of Friday's U.S. core personal consumption expenditure (PCE) data, the final major inflation data release of the year. Analysts are forecasting annual inflation of 3.3%; the reading's slowest rate since 2021, thereby...

The U.S. dollar slipped on Tuesday morning amid rising bets that the Federal Reserve will introduce interest rate cuts during the early stages of next year. This comes after the Federal Reserve left its interest rate in the range of 5.25% to 5.50%; its...

The sterling recorded its largest weekly fall against the yen in a year, with the Japanese currency receiving a major boost after the country's central bank suggested that it would implement a change in monetary policy. On Friday, the sterling was slightly higher against...