Pound to Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD

Sterling Remains Firm Against the Greenback

Sterling has been one of the best performers against the US dollar over the past week, gaining almost 7.5% in value. After touching 1.1477 on the interbank market, the pound recovered strongly and is now trading around 1.2350 (interbank market). Following the 35 year low on March 20th, the USD has been pegged back by the Federal Reserve’s ‘do whatever it takes” moment. The Fed’s unlimited quantitative easing plan provided investors with some much-needed respite, allowing them to ditch the dollar. The coronavirus pandemic...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Telephone Post Brexit Talks, Helps the Pound Continues Its Climb Back up Against the...

The pound has continued its rival against the Swiss Franc after seeing a low at 1.1090, the pound has recovered to 1.1880. As the spread of Covid-19 has taken over the world and increasingly dominating headlines for the first part of 2020, it has been the first major topic to overshadow the Brexit story much talked about for the last 4 years in Europe but particularly the UK. With the coronavirus putting the world on lock down it had been feared that with...
GBPUSD Surges as Dollar Weakens Across the Board

The Pound Continues to Rebound From Its 35+ Year Lows Versus the USD of...

Sterling remains under pressure however, with a slip below 1.23 on the back of the latest consumer confidence figures released from GfK. Highlighting that more than 70pc of UK businesses have confirmed that they were or would be impacted by the Coronavirus pandemic, demonstrating the intense impact that Covid-19 was having at the beginning of March before the UK government put us in to virtual lockdown. The stats confirm a sharp decline in the willingness of consumers to make major purchases. Lloyds business sentiment survey...
Pound Sterling Forecast – How will GBP perform in August?

Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

The pound to euro exchange rate finished last week in a strong position, finishing the week above 1.19 on the interbank rate of exchange. The pound benefitted from the lack of any interest rate cuts by the Bank of England at their latest interest rate decision meeting. Sterling also appeared to find some favour as the UK left the EU Friday night, as it underscored that yes, Brexit is happening and removed some of the uncertainty. The euro also lost some ground on Friday as...
Pound to US Dollar Forecast: Mixed Messages on GBPUSD Exchange Rates

Brexit Withdrawal Bill Signed: What Now for the UK-US Trade Relationship and GBP/USD Rates?

This week marked the signing of the Brexit withdrawal bill in the House of Lords, which was then further signed by the Queen, making Brexit UK law. The bill confirmed that the UK will leave the EU on January 31st with no exceptions. Many are now questioning what Brexit will mean for the UK going forward and how its relations will be with allies like the United States, particularly from a trade standpoint. What Has Already Happened Concerning Brexit, the UK and the US? The day...
Brexit GBP to EUR Update: Withdrawal Bill Approved and the UK Will Leave the EU at the End of the Month

Brexit GBP to EUR Update: Withdrawal Bill Approved and the UK Will Leave the...

This week saw the UK’s Brexit Withdrawal Bill signed and approved by the Queen, making the bill UK law and has ensured that the UK will leave the EU on January 31st. With the original bill being passed by the House of Commons back on January 9th, the bill landed in the House of Lords earlier this week. With the UK confirmed to leave the EU at the end of the month, an EU chief thanked the UK MEP’s in their final meeting on...
Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

Sterling Euro Forecast: Brexit Talks and Upcoming GBP Economic Data to Influence GBP/EUR Exchange...

In this piece we look we look at what has happened in the mega-saga of the Brexit deal this week, and what to look out for in the coming week. The UK met with the President of the EU Commission earlier in the week to set their Brexit talks underway. Both parties appeared positive about the talks and looked keen to get to work and resolve a trade deal. Both currencies did little to shift despite the positive beginning to the talks and encouragement...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBP to EUR: Sterling off to a Good Start for 2020

The pound has had a good start to 2020 as it seems poised for further gains, particularly against the euro. This is despite a drop over the Christmas period, and at the time of writing, it is at 1.1794. It did reach 1.20 ahead of Boris Johnson’s large majority in the December election, and grew a whopping 5% in 2019. Over the next month, we could see the pound react more to the publication of economic data, as well as reactions to Brexit developments. Sterling...
GBP to USD Rate Breaks Through 1.35 Barrier

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...
Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

GBP to EUR Rate Rockets Following Huge Conservative Election Majority

Hopes that the Conservatives could win the majority they needed “to get Brexit done” caused the pound to strengthen by about 2% during the six-week campaign period. Having edged over €1.19 against the euro during election week, for the first time since May 2017, the pound’s upward march has gathered pace in the wake of the Conservatives huge victory. Sterling Reacts Positively to Conservative Majority Government In the immediate aftermath of his triumph, Mr Johnson stated that the result meant the Conservative government "has been given...