Investing.com UK on Nostr: Pound US Dollar Exchange Rate Leaps Higher ========== The Pound US Dollar exchange ...
Pound US Dollar Exchange Rate Leaps Higher
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The Pound US Dollar exchange rate surged higher on Monday amid a lack of macroeconomic releases in the US. The US Dollar faced headwinds and investor interest waned due to risk-averse trade and a slight dip in US Treasury yields. Expectations that the Federal Reserve could begin to tighten its monetary policy in September 2024 further hampered USD exchange rates. The Pound traded in a wide range against its major rivals, firming against the US Dollar due to shifting market sentiment. The Confederation of British Industry's industrial trends orders showed a rise in the total order book balance in June, beating expectations. However, export orders fell to their lowest level since February 2021. Fed policymakers are set to speak throughout the week, and their speeches could impact the US Dollar. The Pound's performance will likely be influenced by global risk dynamics.
#Pound #UsDollar #ExchangeRate #MacroeconomicReleases #UsTreasuryYields #FederalReserve #InterestRate #ConfederationOfBritishIndustry #IndustrialTrendsOrders #ExportOrders #FedPolicymakers #GlobalRiskDynamics
https://uk.investing.com/news/forex-news/pound-us-dollar-exchange-rate-leaps-higher-3561432
==========
The Pound US Dollar exchange rate surged higher on Monday amid a lack of macroeconomic releases in the US. The US Dollar faced headwinds and investor interest waned due to risk-averse trade and a slight dip in US Treasury yields. Expectations that the Federal Reserve could begin to tighten its monetary policy in September 2024 further hampered USD exchange rates. The Pound traded in a wide range against its major rivals, firming against the US Dollar due to shifting market sentiment. The Confederation of British Industry's industrial trends orders showed a rise in the total order book balance in June, beating expectations. However, export orders fell to their lowest level since February 2021. Fed policymakers are set to speak throughout the week, and their speeches could impact the US Dollar. The Pound's performance will likely be influenced by global risk dynamics.
#Pound #UsDollar #ExchangeRate #MacroeconomicReleases #UsTreasuryYields #FederalReserve #InterestRate #ConfederationOfBritishIndustry #IndustrialTrendsOrders #ExportOrders #FedPolicymakers #GlobalRiskDynamics
https://uk.investing.com/news/forex-news/pound-us-dollar-exchange-rate-leaps-higher-3561432