GBP USD Pushed Higher by Weaker-Than-Expected US GDP Report

GBP to USD Rate Breaks Through 1.35 Barrier

The results are in and the Conservative party has achieved what it set out to do six weeks ago, by winning a huge majority that gives Boris Johnson the platform he needs to “get Brexit done”. Our faith in opinion polls has taken a battering in recent years, following a series of wayward predictions. This time around, however, the political surveys were consistently accurate, giving the pound v dollar rate some much-needed support during the campaign period. The pair subsequently hit seven-month highs (around...
GBP EUR Exchange Rate: Week in Review October 9th

Pound to Euro forecast: Sterling slides against major currencies as Brexit negotiations stall

Sterling falls against the euro as Brexit negotiations stall The pound to euro exchange rate has fallen below 1.1250 as political tensions in the UK over Brexit reach boiling point. Tensions are running high after the government decision to prorogue parliament was found to be unlawful. Brexit secretary Stephen Barclay is in Brussels today to meet Michel Barnier to continue discussions on the controversial Irish backstop. Media reports suggest that there is still considerable disagreement on finding a suitable solution. Rates for GBP vs EUR...