The US Dollar to British Pound exchange rate is influenced by Federal Reserve and Bank of England policy, together with changes in the interest-rate gap between the two currencies. US interest-rate expectations, US inflation and labour-market data can affect the US Dollar, while UK interest-rate expectations, UK inflation and wage and employment data can move the British Pound.
USD/GBP has ticked 0.15% higher today to 0.7487. The pair is broadly flat over the past week and has edged 0.83% lower over the past month.
Michigan Consumer Sentiment came in at 48, above expectations of 46.3 and S&P Global manufacturing PMI came in at 52.8 Points, above expectations of 51.7 Points.
Next up are US durable Goods Orders MoM on Tuesday at 12:30 UK time and US durable Goods Orders Ex Transp MoM on Tuesday at 12:30 UK time, which could set the direction for USD/GBP.
Mid-market reference rate. Customer rates normally include provider margins and fees.
