Tag: GBPUSD
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Sterling Under Attack, Dollar to Pound Exchange Rate Drops to 1-Month Lows
On Friday, the Pound to Dollar (GBP/USD) exchange rate saw significant losses, mostly as a result of the US data that came in considerably better than anticipated. The exchange rate between the pound and the euro (GBP/EUR) also hit new 4-month lows slightly below 1.1140 before rising to 1.1185 on Monday as the euro also […]
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Sterling is dominated by Dollar Recalibration, and the Pound to Dollar Exchange Rate Drops to 1.198
The dollar made a strong comeback to 4-week highs on Monday, which added pressure to the GBP/USD exchange rate, which fell to lows just around 1.2000. US Jobs Data Keeps Increasing Dollar Demand The spike in payrolls, in particular, renewed expectations that the Federal Reserve might need to raise interest rates more quickly. With Chair […]
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GBP/USD Tumbles as USD Soars on Impressive Jobs Report and Risk-Off Mood
Risk-off sentiment boosts the US dollar (USD) The US dollar maintained its strength on Monday morning, building on its successful week of trading. The US dollar was strong due to a news that the US economy added 517,000 new jobs in January, above the forecast of 185,000. Due to market uncertainty, Pound Sterling (GBP) is […]
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GBP Tumbles After Dovish BoE Pivot, USD Regains Ground on Strong Jobless Claims Data
Sterling Drops Following Dovish BoE Pivot When the Bank of England (BoE) issued its most recent interest rate decision on Thursday, the Pound Sterling experienced a significant setback. The GBP lost substantial ground versus most of its currency rivals as a result of the central bank’s dovish tilt. BoE Increases Rates by 50 Basis Points, […]