Pound to Dollar Exchange Rate Strengthens Amid Lower-than-Expected Inflation Figures
The Pound to Dollar exchange rate is poised to conclude the week on a solid note, benefiting from the release of a closely watched inflation indicator that fell short of expectations. The Core Personal Consumption Expenditures (PCE) index, a
Read MoreChallenges Ahead for Sterling: Capital Economics Anticipates Further Decline
Capital Economics, an independent research company, has signaled a bearish outlook for the British Pound against the U.S. Dollar despite its robust start to 2024, where it competes for the top spot in the G10 complex alongside the dollar.
Read MoreEuro Faces Subdued Finish Amidst ECB President’s Interest Rate Cut Consideration
The Euro was poised for a lackluster end to the week, following European Central Bank (ECB) President Christine Lagarde’s contemplation of potential interest rate cuts. Lagarde’s remarks, fueled by increasing confidence in the trajectory of inflation reaching the 2.0% target,
Read MoreAustralian Dollar Extends Decline Amidst Global Economic Dynamics
The Australian Dollar (AUD) persisted in its downward trajectory for the sixth consecutive session on Friday, facing notable pressure against the US Dollar (USD). Despite the lack of a clear direction in the USD and an improvement in China’s Caixin
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