Pound to US Dollar rates influenced by political uncertainty in the UK

Sterling may fall next week! Mark Carney has been rather quiet lately I feel…

Next week the pound may fall owing to the Quarterly Inflation Report (QIR). This is due on Wednesday and features Mark Carney and his team at the Bank of England (BoE) giving their thoughts on sterling and the future for the UK economy. I predict sterling will be very volatile on their comments and expect some dips in the value of sterling - these I would highlight as a good opportunity for anyone selling a foreign currency to buy sterling. Any dips in the...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

Will Sterling continue its recent good performance against both the Euro and the US...

Sterling has seen solid gains vs the Euro and the US Dollar during the course of last week and the expectations are that we could see further gains this morning. US president Obama has spoken out in favour of the UK remaining part of the European Union and has suggested that if the UK leaves the EU it could cost as much as £10bn. The US is the UK's biggest export destination as a country and is worth approximately £3.5bn and we currently pay very low tariffs...

Where Next for GBP/EUR Exchange Rates (Matthew Vassallo)

GBP/EUR rates have floated between 1.21-1.22 on the exchange for the majority of the trading week, as Sterling continues to hold its position against the single currency. Sterling had put pressure on the 1.22 level and it seemed as if the momentum generated over recent weeks may carry it through. However, the EUR has found support around that level, with GBP/EUR rates moving back towards 1.2150. With little data out this week the markets have remained fairly flat, although Wednesday’s Bank of England (BoE)...

U.K GDP (Gross Domestic Product) Data as expected and Happy Thanksgiving to our readers...

This morning probably the biggest potential market mover of the day for the Pound came out exactly as had been expected and the markets are fairly flat following this.... Roughly 0.5% movement back for the AUD, NZD and ZAR against the Pound but all in all the markets are flat as a pancake so far so no need to panic if you have an imminent trade to carry out. Also, happy Thanksgiving to all in the USA and I hope you have a great day over...
Pound to US Dollar rates influenced by political uncertainty in the UK

US fiscal cliff and how it may affect the GBPUSD (Steve Eakins)

Yesterday the US markets were closed for Thanks Givingbut eyes were remain fixed on Washington as the coming fiscal cliff deadline is only 35 days away.  This is when taxes will automatically go up along with the introduction of spending cuts across the US.  The Fiscal Cliff is a huge story and risk to anyone with a currency transfer as it could easily push the US back into a recession and seriously upset global growth. (If you want to be notified of any updates...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

U.K economic data to impact Sterling exchange rates this week (Daniel Wright)

We have had a fairly quiet start to the week so far for Sterling exchange rates, however we may see things liven up as the week continues to progress. It is important to remember that any news on the referendum may impact the value of the Pound rapidly and out of the blue, so if you have an exchange to carry out in the near future then it is key to have a proactive and sharp currency broker on your side for it. Here at Pound...

Pound Sterling sees a slight lift ahead of U.K general election – What will...

When Prime Minister Theresa May announced the election we saw Sterling exchange rates receive quite a boost as it did look like a Conservative victory was a formality, most likely by a majority. This would have led to an easier path for her in Brexit negotiations. What we have witnessed in the past few weeks is a change in momentum, polls are indicating that Labour are gaining seats and uncertainty has been creeping into the minds of investors and speculators, leading to a sell...
Pound to US Dollar rate GBPUSD exchange rate uncertainty owing to mixed US jobs report

U.S Federal Reserve announce QE3 and that interest rates will stay low until at...

The Dollar has lost strength against most major currencies this evening following the decision from the Fed to announce Quantitative Easing once again leading to a great buying chance for those looking to buy Dollars or indeed Dirhams in the near term. The Pound also found that sinking feeling against most other majors as it is widely felt that when the U.S sneezes the U.K catches a cold so this does suggest that we may see further QE further down the line for the U.K...

Will the Pound get any stronger against the Euro and Dollars? (Joshua Privett)

The short answer is that if the Pound does strengthen against the Euro and the various Dollars available for purchase, it will most likely be before August. Today the Pound took a heavy hit with some frankly morbid news about post-Brexit business conditions in the UK. Economic activity in the UK has deteriorated to a 7 year low in the weeks which have followed a Brexit vote. This was also the largest fall in a single month on record. Manufacturing and service sectors saw a serious...

GBPEUR forecast and breakdown

GBPEUR rates remain within touching ground of the highest levels seen for many years and a lot of my clients are asking now when to trade? It is a difficult decision to make as no one has a crystal ball however you can be “guides” by the economic data releases and the expectation for each.  These certainly help when you are trying to time a trade within a short period of time.  If however you have the option to wait for a period over 3-4...