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Saturday, October 28, 2023

Pound to Dollar Rate: Slide in risk Appetite saps Sterling Support

Foreign exchange strategists at Commerzbank expect the Pound to Dollar (GBP/USD) exchange rate to edge lower to 1.20 at the end of 2023 with only a tentative...

* This article was originally published here

Wednesday, October 25, 2023

Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

The Pound to Dollar (GBP/USD) exchange rate came under further pressure on Friday under the influence of a stronger dollar and weaker risk appetite. With position adjustment ahead of the weekend, GBP/USD dipped to lows at 1.2125 before stabilising. The Pound to Euro (GBP/EUR) exchange rate retreated to lows at 1.1540 and after a brief...

* This article was originally published here

Tuesday, October 24, 2023

A Further Surge in Market Interest Rates Ahead of Biden & Powell Speeches Later Today

The 30-year Treasury yield jumped to a new high overnight of 5.07%, and the 10-year Treasury gained 7 basis points and is within 3 basis points of 5.00% versus 3.68% at the start of 2023. Surging interest rates continue to drain enthusiasm from stocks. Share prices overnight tumbled 2.5% in Hong Kong, 1.9% in Japan […]

* This article was originally published here

Saturday, October 21, 2023

Pound to Euro: Sterling Slips to 5-Month Lows vs EUR

The Pound Sterling (GBP) has been on the defensive against the Euro (EUR) and US Dollar (USD) during the past 24 hours with vulnerability on domestic and global...

* This article was originally published here

Tuesday, October 17, 2023

U.S. CPI, Russian Capital Controls & Revealing Minutes From the ECB Governing Council Meeting

The dollar largely marked time prior to the 08:30 EDT release of U.S. consumer price data, losing 0.2% versus the Swiss franc, dipping 0.1% against the yen and as measured by the weighted DXY index, holding unchanged against the euro and sterling but advancing 0.1% against the Canadian and Australian dollars. The biggest move was […]

* This article was originally published here

Sunday, October 15, 2023

Middle Eastern Upheaval Taking a Toll on Global Financial Markets

The war between Israel and Hamas is expected to exact extensive repercussions affecting not only those combatants but also the policies of Saudi Arabia, Ukraine, Russia, Iran, the United States, China, and NATO. Despite holiday closures today in the United States (Columbus Day), Japan (Sports/Health Day), Canada (Thanksgiving), South Korea (Hangul Day), and Taiwan (National […]

* This article was originally published here

Friday, October 13, 2023

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Central Bank Uncertainties

Pound (GBP) Undermined by Underlying Economic Concerns The Pound (GBP) found modest strength to open the week with amid elevated interest rate hike bets from the Bank of England (BoE). With a quiet trading calendar to kick the week off, economic growth and labour market data are due to print this week. Propping...

* This article was originally published here

Tuesday, October 10, 2023

Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution

Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution The Pound US Dollar (GBP/USD) exchange rate traded narrowly on Thursday, as USD investors pared back bets on further tightening. At the time of writing, GBP/USD traded at around US$1.2371, showing little signs of movement from Thursday̢۪s...

* This article was originally published here

Sunday, October 8, 2023

Next Week’s Menu: October 7-13, 2023

Central Banks: Minutes from the last FOMC and European Central Bank Governing Council meetings will be published. Holidays and Special Events: There are holiday closures Monday in Japan for Health-Sports day, the U.S. for Columbus Day and Canada for Thanksgiving. Spaniards observe their National Day on Thursday. IMF/World Bank meetings in Morocco run all week […]

* This article was originally published here

Tuesday, October 3, 2023

Pound Euro Exchange Rate News: GBP/EUR Wavers on Hawkish ECB rate Hike

Euro (EUR) Buoyed by Prospect of Further Tightening The Euro (EUR) enjoyed modest gains on Thursday in the wake of the European Central Bank (ECB) opting to meet market expectations and raise the interest rate for the eighth consecutive meeting. The cash rate now sits at 4%, the highest level since the financial crisis...

* This article was originally published here

Monday, October 2, 2023

Spotlight Shining on Oil Prices

Oil inventory data on Wednesday sent the price of West Texas Intermediate up to a 14-month high of $95.03 per barrel overnight, but the price subsequently settled back and is currently 0.5% below yesterday’s close. Investors or on tenterhooks to see where the oil price heads next. An additional concern, which has buttressed sovereign debt […]

* This article was originally published here