GBP/USD Drops Following Bank of England’s Indication of Fewer Future Rate Increases
GBP/USD dropped following Bank of England’s indication of fewer future rate increases and revised economic forecasts.
US Dollar
Forecast for GBP/USD Exchange Rate – British Pound Strengthens on Wednesday
British pound strengthens on Wednesday, surpassing 1.23 level and potentially reaching 1.2450, with Federal Reserve’s monetary policy being a factor.
USD/JPY: Dollar/Yen Climbs After Bank of Japan Maintains Ultra-Easy Policy
The Bank of Japan’s decision to maintain its yield curve control policy has resulted in a sharp decline in the Japanese Yen, and an increase in the value of the US Dollar.
Central Bank of Russia Disposes of Yuan Worth $47 Million in January
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
Asian Currencies are taking A Hit Against the US Dollar
Asian currencies have fallen due to worries about China’s slowing economic development and remarks from the US Federal Reserve.
