Australian Dollar Weakens On Indications of Softening of the Economy
During the last session of the week, the exchange rate between the Pound and the Australian Dollar remained strong, close to its recent highs. This was due to positive economic developments between the two countries, which helped to maintain a
Read MoreUS Dollar Shines on Signs of Resilient Economy and Debt Ceiling Resolution
Amid a global improvement in investor sentiment, the British Pound remained above 1.15 against the Euro and recovered from previous losses against the US Dollar, as investors rebalanced their portfolios in anticipation of the weekend. It is anticipated that the
Read MoreTrend of Canadian Dollar to be Determined by Inflation Figures
Last week’s final session saw the Pound to Canadian Dollar exchange rate staying close to the middle of a potential short-term range. The Canadian inflation data scheduled for next Wednesday may cause a shift toward either 1.67 or 1.72. During
Read MorePound Remains Bullish on Re-Emergence of US Banking Concerns
The demand for Pound Sterling is rising as a result of rising worries about the stability of U.S. financial systems and speculation that the European Central Bank may have reached the apex of its interest rate hiking cycle. The repeated
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