Menu

Bank of England

Dollar Gains as Sterling Trims Losses After UK Growth Data

Dollar Index Updates

Sterling modestly reduced its decline against the dollar on Thursday following UK economic data that indicated stronger-than-anticipated growth in November; however, this did not influence the outlook for the policy rate. Market participants have factored in approximately 40 basis points of rate reductions from the Bank of England by September. The UK gross domestic product Read More

Dollar Declines Amid Weak U.S. Labor Data

Dollar Updates

On Thursday, the U.S. dollar experienced a decline against the euro and Swiss franc for the second consecutive session, as data indicated a weakening U.S. labor market, which heightened expectations for another rate cut this year. Meanwhile, sterling appreciated following the Bank of England’s decision to maintain rates steady in anticipation of this month’s budget. Read More

DollarIndex.org is for Stock Market Information purposes only and is not associated with IntercontinentalExchange or ICE