Slow start to the day

GBP/USD Last night was a rather important one for the Dollar, with the much-awaited Fed Minutes Meeting commencing, enabling investors to see the Fed’s current stance on interest rate hikes. In this it was confirmed that U.S. policymakers might have to ...

Pound tries to recover

GBP/USD Yesterday, the Pound tripped up against the Dollar and gave away a small chunk of its gains, breaking the recent upwards trend. This came as an immediate result of the disappointing UK PMI prints, which showed that there was a steep decline of ...

Pound tumbles

GBP/USD The Pound has struggled to continue its uphill climb against the Dollar with the market open today, cutting short its upwards trend. As it currently stands, the rate is sitting back up at the near levels it was perched on at the start of this m ...

Recession fears drive the market

GBP/USD To kick-off the week, the Pound has followed through with its recent gains, now making for a 4-day consecutive upwards climb against the Greenback. This comes after the Pound was battered down to multiyear lows following an array of economic sc ...

Pound faces resistance

GBP/USD Early yesterday morning, the Pounds upwards momentum hit a roadblock following the release of fresh inflationary figures. In this, the headline inflationary figure came in at a 40-year high of 9%, however, this did fall short of the consensus o ...

Record breaking inflation

GBP/USD To kick off trading today, a highly anticipated report on the UK’s inflation was made available for all to see. In this report, Inflation was reported at an eyewatering 9%, its highest level in 40 years. For many this has been a very worrying a ...

Pound bounces back

GBP/USD A new day and the Pound’s bounce back continues, now making for its 4th consecutive day of upwards momentum. Currently, the rate is on track to climb back up to the levels it was perched at before it began to tumble down this month following UK ...

Shanghai set to reopen

GBP/USD Last week, the Pound was greeted by a plump boost against the Dollar as an improvement in risk appetite was sighted in global financial markets. To go into more detail, markets welcomed an announcement from China in which they stated they would ...

An eventful week so far

GBP/USD Looking back over the course of this week, it is safe to say that this has been one of the more eventful ones for the Sterling-Dollar rate. So far, we have seen the pair plummet all the way down to its lowest levels since May 2020. This comes a ...

UK GDP disappoints

GBP/USD To kick off the day, the Pound has already found itself having to deal with renewed pressure following the release of underwhelming economic data earlier this morning. The data in focus was an array of GDP statistics, with the majority of them ...