Pound to Dollar Rate Hits 1.30
- Category: USD
Pound Sterling reached a key level against the U.S. Dollar amidst improved global investor sentiment.
U.S. Dollar Drops to 7-month Low
- Category: USD
The Dollar has fallen to a seven-month low amidst a build-up in expectations for a September interest rate cut at the Federal Reserve.
The Pound to Dollar exchange rate has rallied back strongly from its early August losses but the charts and bilateral economic fundamentals are aligned in suggesting that further gains could still be likely up ahead.
The Pound to Dollar exchange rate rallied to new highs for the week on Friday, overcoming some key levels along the way and bringing a longer-term recovery trend back into focus on the charts.