David Frost — News Archive

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Sterling Pound Crashes Against the Dollar as Risk Appetite Dissipates

The Sterling pound today crashed against the US dollar as investor sentiment turned decisively bearish favouring the safe-haven greenback, which rallied. The GBP/USD currency pair today fell despite the release of upbeat UK retail sales data earlier in the session as investors fled riskier assets, including equities.

Pound Falls on Johnson’s Brexit Comments Amid Low Liquidity

The Sterling pound today fell against the US dollar as the UK and the European Union continue to play hardball with each other ahead of the official Brexit negotiations. The GBP/USD fell for most of today’s session amid low-liquidity conditions, given that the US markets remained closed even as the country celebrates President’s Day.

Pound Falls on Disappointing UK Inflation Report and BoE Comments

The sterling pound today fell to new daily lows against the US dollar following the release of disappointing UK inflation data in the early London session. The GBP/USD currency pair’s decline was also fueled by dovish comments from a Bank of England policymaker increasing the likelihood of future rate cuts.

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