Pound-to-Dollar Rate Week Ahead Forecast: Recovery Builds, But Watch for Small Pullback
- Category: USD
Pound Sterling's recovery against the Dollar has been boosted of late by hopes of an end to the war in Ukraine, but technicals hint that a temporary setback at the 1.26 resistance level is possible.
A major industry survey of fund managers shows a distinct cooling in enthusiasm for the Dollar.
The Dollar is weaker as part of the market's reaction to the news that U.S. President Donald Trump and Russia's Vladimir Putin agreed to start Russia-Ukraine peace talks following discussions on February 12.
U.S. Inflation Lands Above Expectations
- Category: USD
The Dollar rose after U.S. inflation strengthened across the board in January and diminished the odds of more than one Federal Reserve Rate cut in 2025.