-
Pound to Dollar Rate: USD "Back in Charge"
The U.S. Dollar is on top amidst expectations for yet higher interest rates in the U.S. and other major developed economies that economists fear will lead to the kind of economic slowdown that typically favours the world's de facto currency. The Pound to Dollar exchange rate edged lower to 1.2735 amidst a strong and broad-based USD comeback, taking the pair's weekly decline to 0.66% and threatening to snap a run of three consecutive weeks of advance for Pound Sterling. To be sure, Sterling is resisting the Dollar's advances more successfully than the majority of its G10 compatriots, with only the Yen putting in a ... (full story)