A few hours away from the monthly American employment data, which will influence market bets on Federal Reserve (Fed) shares, the dollar is registering a leg& Worse; increase again. However, the pound sterling is falling against the dollar after the BoE's gloomy outlook.

The dollar rose slightly on Friday in a wait and see market. Around 09:00 GMT (11:00 CET), the greenback was trading 0.20% at 1.0225 dollars per euro. A sign of market hesitation, the Euro-dollar pair is trading very close to its level at the start of the week.

The pound sterling depreciated against the US dollar, the day after the Bank of England (BoE) decided to raise interest rates like it did Never done in 27 years, in an attempt to quell runaway inflation, but it has issued a stern warning about growth. The BoE raised its main interest rate by 50 basis points to 1.75%, its highest level since late 2008, but said the economy would go into recession at the end of 2022 and not exit until 2024.

The pound was recently trading 0.1% against the dollar at $1.21385 after falling to $1.2065 after the BoE decision on Thursday. Against the euro, the pound recorded a gain of 0.1% after falling by 0.64% on Thursday, its biggest one-day fall since 14 June.