{"id":103526,"date":"2020-08-20T10:52:29","date_gmt":"2020-08-20T09:52:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103526"},"modified":"2020-08-20T14:42:36","modified_gmt":"2020-08-20T13:42:36","slug":"103957-gbp-usd-dollar-gives-back-some-post-fed-minutes-gains","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103957-gbp-usd-dollar-gives-back-some-post-fed-minutes-gains\/","title":{"rendered":"GBP\/USD: Dollar gives back some post-Fed minutes gains"},"content":{"rendered":"<p>The British pound is higher against the US dollar on Thursday.<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> hits new lows for the week amid <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">dollar<\/a> strength<\/strong><\/li>\n<li><strong>Fed minutes sent the US dollar jumping up from 2-year lows<\/strong><\/li>\n<li><strong>US jobless claims released today are expected to show another week under 1 million<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">GBP\/USD<\/a> was up by 4 pips (+0.03%) to 1.3105 as of 10am GMT. Yesterday\u2019s drop leave the pound-dollar exchange rate with a small +0.13% weekly gain.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>The currency pair had dived 150 points Wednesday evening but stabilised with a gradual drift under 1.31 by Thursday morning.<\/p>\n<h2>GBP: Pound steadies at weekly low<\/h2>\n<p>The pound slumped to new lows for the week, reversing all the gains through Wednesday after the Fed released the minutes of its July meeting. It has been more-or-less a pause in forex markets with the dollar giving back a small portion of yesterday\u2019s big jump.<\/p>\n<p>The mood in stock markets has been much dourer with Asian and European shares lower and futures pointing to a weak open on Wall Street. That weaker sentiment is hampering any bigger rebound in Sterling, which is holding steady just above lows made on Wednesday evening. The Fed issued a warning about the considerable risks the coronavirus poses to the US economy, which pulled the S&amp;P 500 down from a record high.<\/p>\n<h2>USD: Jobless claims released this afternoon<\/h2>\n<p>There was a shock reaction to the lack of desire on behalf of Fed policymakers to make more decisve shift in policy toward either targeting higher inflation and\/or controlling bond yields via so-called yield-curve control. In combination with an apparent unwillingess to do more at this stage, the Fed issued a stark warning aobut the pandemic and its effect on the economy, saying the \u201congoing public health crisis would weigh heavily on economic activity, employment and inflation.\u201d<\/p>\n<p>The shock meant a reversal of position in the lead up, which involved buying dollars and selling a lot of everything else from British pounds to euros to stocks to gold.<\/p>\n<p>Coming up, the US reports weekly jobless claims. The expectation is for a second week of under 1 million new unemployment insurance claims.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is higher against the US dollar on Thursday. Pound hits new lows for the week amid dollar strength Fed minutes sent the US dollar jumping up from 2-year lows US jobless claims released today are expected to show another week under 1 million GBP\/USD was up by 4 pips (+0.03%) to 1.3105 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1966,2336,1453,1394,1888,1391,1398,3167],"class_list":{"0":"post-103526","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-dollar","10":"tag-fed-minutes","11":"tag-fomc","12":"tag-gbp","13":"tag-gbp-usd","14":"tag-pound","15":"tag-usd","16":"tag-yield-curve"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD: Dollar gives back some post-Fed minutes gains - 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