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US Dollar Ends Week Mixed amid Geopolitical Uncertainty

The US dollar ended the week mixed amid confusing fundamentals. Uncertainty about the US-China trade negotiations, political turmoil in the United States, and other geopolitical factors were not helping the currency to find direction.

Sterling Mixed After Positive Data, Dovish Comments of BoE Member

The Great Britain pound was mixed today after the consumer confidence improved unexpectedly and a member of the central bank’s Monetary Policy Committee made dovish remarks.

Pound Recovers as BoE Maintains Its Monetary Policy Stance

The Sterling pound today rallied from its daily lows after the Bank of England maintained its current monetary policy stance by leaving interest rates unchanged. The GBP/USD currency pair had fallen to its daily lows following the release of the latest UK retail sales data early in the London session.

US Dollar Rallies As Investors Renew Risk Appetite

The US dollar is rallying against a handful of competing currencies on Tuesday as investors have renewed their appetite for risk. With the US-China trade situation deescalating in recent days, traders have resuscitated their interest in the greenback, though financial markets remain in the red. Modest gains in housing data also lifted the buck.

Pound Falls to 2.5-Year Lows, Ignores BoE and Rallies on USD Weakness

The British pound today fell to 2.5-year lows against the much stronger US dollar, which was boosted by yesterday’s FOMC rate decision. The GBP/USD currency pair was barely affected by the Bank of England‘s interest rate decision before rallying higher later driven by the weak greenback.

Pound Reverses 3-Day Rally Amid Upbeat US Manufacturing Report

The British pound today fell against the US dollar reversing all of Friday’s gains amid a lack of any major releases from the UK docket. The GBP/USD currency pair fell due to the absence of catalysts to prop up the Sterling with the pair’s performance being driven largely by investor sentiment.

British Pound Extends Gains Following Carney’s Upbeat Speech

The Sterling pound today rallied higher against the US dollar following Mark Carney‘s speech at a press conference following the release of the UK’s financial stability report for July. The GBP/USD currency pair rallied higher driven by the greenback’s overall weakness as markets continue to price-in future rate cuts by the US Federal Reserve.

US Dollar Ends Week Weakest Courtesy of Dovish Fed

The US dollar ended the past trading week as the weakest currency on the Forex market. The Federal Reserve monetary policy meeting was the major event affecting the greenback during the week, though plenty other events that were affecting other currencies.

Sterling Rallies on USD Weakness, Falls on Dovish BoE Decision

The British pound today fell from its daily highs in the mid-London session following the dovish outlook painted by the Bank of England following its rate decision. The GBP/USD currency pair had rallied to its daily highs earlier in the session by riding on the wave of broad US dollar weakness following yesterday’s dovish FOMC statement.

Pound Rallies After UK Inflation Meets Consensus Estimates

The British pound today rallied higher in the early London session following the release of the latest UK inflation data, which was in line with consensus estimates. The GBP/USD currency pair extended yesterday’s gains and rallied into the American session to print new weekly highs driven by positive investor sentiment.

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