Pound to Dollar Rate Choppy Ahead of BoE Meeting

Pound to dollar forecast: Will GBP/USD rate rise or fall on Brexit?

In the latest pound to dollar forecast we look at the current outlook for the GBP/USD rate. The US dollar made further in roads against the pound in a volatile day of trading yesterday with over 1% movement on the pound to dollar rate. Having looked so comfortable above 1.30 and hitting 1.3226 in the last month on Brexit optimism, it was not a major surprise to see Brexit uncertainties weaken the pound. Sterling has lost ground over the fresh likelihood of a no-deal scenario...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Should I buy Canadian dollars now?

Its been a tough couple of days for the Canadian dollar vs Sterling so should you buy Canadian dollars now? Yesterday the Bank of Canada kept interest rates on hold at 1.75% and thereafter provided an extremely dovish statement which was a surprise to the markets. The Central Bank stated that a sharp fall in oil prices, which will likely to have an impact on economic growth was the main concern, and the trade war between the US and China is still a concern for...

Are you aware we can also help you with your currency exchange as well...

Just to make you aware we have now had over 3100 people contact us through the site and so far we have managed to get better rates of exchange and win business from numerous companies, if you are using one of the following it may be worth you getting in touch for a direct comparison: Moneycorp, HIFX, World First, Smart Currency, UK Forex, Oz Forex, Foremost Currency, Foreign Currency Exchange, Currency Index, Currencies Direct, XE.com, Transferz, NZ Forex, Halo, Afex, Tor FX and Hargreaves Lansdowne. Not to...
GBP EUR Exchange Rate: The Week Ahead October 10th

Factors influencing Pound vs Euro exchange rates

Since the middle of September 2017 GBPEUR exchange rates have fluctuated between 1.11 and 1.1370, however one day in January exchange rates broke through 1.14 which provided fantastic opportunity for clients buying euros. On going Brexit negotiations have driven the price of sterling and any positive news has pushed GBPEUR close to 1.13, where as negative news GBPEUR has dropped to the lower 1.11s. Next week the EU will hold the EU summit on Thursday and Friday and this event has the potential to have...
GBP AUD Slides as Australian Employment Beats

GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election...

On possibly one of the biggest days in the UK’s political history, the GBP slipped amidst jitters from the outcome the election. Fear and uncertainty has weighed on the GBP whilst the AUD continues its strong form, tipping the GBP/AUD exchange rate in its favour. However, with the results being announced that the Tory Party won a majority in government, the pound has sharply rose this morning as they held their power in the UK. Pound Suffers Losses as Election Deadline Arrives but Sharply Claws...
GBP USD Slips Ahead of BoE Rate Decision

Will the pound rise or fall in December?

The pound has had an amazing few weeks going from one of the world's worst performing currencies to one of the world's best performing currencies. Investors were bracing themselves for a dreadful finish to a bad year for the pound but now the outlook is a little rosier. Of course the performance of the pound will be interesting to you depending on which currency you are buying or selling against the pound. December has some very important global events alongside key news at home,...
GBP USD Exchange Rate Digests UK Retail Sales Slump

RBS and Natwest to close foreign currency accounts – Will this affect you? We...

We have heard recently from a number of existing clients that RBS and Natwest are to close all foreign currency accounts in the very near future. If this is to affect you and you would like to discuss it in further detail then feel free to contact me directly as the company I work for specialise in getting much better rates of exchange than the banks and we can also hold funds in a foreign currency in a client account on your behalf, so if...

Bond auctions and how they affect currency

The Portuguese bond sale took the headlines yesterday and it went better than expected! The interest that Portugal has to pay on its debt fell to 6.7%. Furthermore, the auction was oversubscribed, with bids equal to 3.2 times the value of the sale.  There had been some concern that it could cause serious problems if the debt becomes too expensive (above 7%) and that it may force Portugal to take a bailout. The successful auction may only be a temporary relief for Portugal, who potentially...
Pound to Dollar Rate Hits Three-month High

Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

Will Non-Farm Payroll data affect the pound to US dollar forecast? Today is a key date in the economic calendar with the latest US Non-Farm Payroll data released. Due on the first Friday of every month, the information relates to the changes in on-agricultural employment in the United States. It is highly regarded as a key barometer of the US labour market and will provide us with insight into the latest developments in the US economy. Expectations are for the data to show a drop...

Is the Pound overvalued or undervalued in the current market? (Joseph Wright)

Those planning on making currency exchanges involving the Pound and another major currency have a lot to consider in the current market, with the overall picture for the Pound being particularly mixed. The headlines over the past week will highlight that the Pound is trading around it's highest levels against the Euro this side of the new year, but in my opinion these headlines are creating almost a false sense of security regarding the Pounds value and the currency isn't quite as strong as many...