GBPUSD Slips Away from 9 Month High

Will the pound go higher?

Well dear readers, the pound has fallen considerably in 2016. According to Bank of England data the Pound Sterling TWI (Trade Weighted Index) has fallen by over 10% this year. Looking at all the events up ahead this trend could easily continue as other currencies find favour and investors dump the pound. 2016 was always going to be a tough year with the UK Referendum and Chinese market worries predicted to impact exchange rates. With the UK economy we have a number of worries to...
GBP to USD rates weaken after Theresa May statement last night

Sterling exchange rates – What may happen today/tomorrow with interest rate decisions, Non-Farm Payroll...

Today may once again be key for the Pound, especially against the Euro as we have interest rate decisions for both the U.K and Europe at 12:00 and 12:45 respectively and we do not expect any changes to interest rates today what will be key is any comments about fiscal policies from the Bank of England and also any comments from the European Central Bank in their press conference at 13:30pm.
GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being avoided

Where Next for Sterling Exchange Rates – Will the Pound Recover? (Matthew Vassallo)

The Pound has found life extremely tough going of late, with losses against most of the major currencies. This has been particularly apparent against the EUR & USD, with the Pound losing value in line with the current uncertainty surrounding the UK economy. However, despite these losses it is not all doom and gloom for those clients holding GBP, as Tuesday’s positive spike for the Pound proved. Currency does not move in a straight line and therefore we will see opportunities for those clients holding...

ECB President, Mario Draghi Halts the Chance of a Rally for the Pound (Daniel...

It was a volatile time for Sterling last week. Predominantly due to the European Central Bank's (ECB) interest rate decision on Thursday.  Mario Draghi announced there would be an increase in Quantitative Easing from €60bn-€80bn and also dropped key interest rates. I would have expected a bigger reaction on GBP/EUR, but we only saw it break the 1.30 mark briefly. Draghi adopted a fairly bullish stance after the announcement and stated there would be no further cuts. GBP/EUR dropped heavily, I was surprised to...
GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being avoided

Shares continue to plummet (Joshua Privett)

Sterling continues to lose value as financial markets go into turmoil. Since markets opened this morning the Pound is already 1.5 cents down against the Euro and looks set to continue sliding. Stock-markets in London opened 3% down already, with value evaporating rapidly. Panic concerning the Chinese economy has caused a mass sell-off of shares, as investors are nervous that their assets will continue to be devalued. This atmosphere on the markets has completely changed the outlook for raised interest rates in the UK and US...
Pound to CAD rates as Brexit deadline extended

Brexit progress heavily influencing GBP to CAD rates

GBP to CAD forecast GBP to CAD rates continue to be dictated largely by Brexit. Following Theresa May's preliminary deal with Brussels Sterling has taking a significant hit against the majority of major currencies. The deal has been heavily criticised by British MPs and has resulted in several high profile resignations, most notably UK Chief Brexit Negotiator Dominic Raab. Following this Jacob Rees-Mogg urged MPs to put forward a vote of no confidence in Theresa May. 48 letters of no confidence must be handed to the...

Any Idea where GBP – EUR will be at the end of the month?...

Good afternoon, Our friends over at Foreign Currency Direct are once again running their fantastic, free to enter competition where you can win £1500 merely by having a guess at where Sterling Euro will be at the end of the month. It takes no more than two minutes to enter and is completely free of charge so why not click on the banner below and have a go. I ended up around 1.5cents out last time... not bad over the course of a whole month! My guess this...
GBPEUR rate remains steady as markets await the Autumn Budget

Difficult week expected for buying Euro and Dollar rates of exchange (Joshua Privett)

Buying Euro and Dollar rates of exchange enjoyed a week where politics took a back seat for short while in governing the currency markets. The Pound recovered against most of its counterparts gradually throughout the week following the flash crash, and by over four cents against the Euro as just one example. With the major political announcement of a deadline for Article 50 by March having taken place, and with secretive pre-negotiations beginning behind closed doors, barring any surprises, it seems that normality has returned to...

GBPEUR rates continue to fall, why? (Steve)

Exchange rates have been slowly falling this week to the surprise of many.  Many have the same view and question that is why can the Euro remain so strong while everyone is doing to poorly? Well even though they are doing so poorly, we have to remember two things. Firstly that Europe is the UK’s largest trading partner so if their growth is forecasted to shrink so will the pounds. The second important point is the fact that the UK is also doing very badly. We...

Pound set for an interesting day tomorrow with the Supreme Court decision due –...

So tomorrow will finally bring an end to the Supreme Court saga that had been one of the main focuses for Sterling exchange rates over the past month, or will it? As always with exchange rate information of late it is a really hard one to call due to both results having the potential to impact the market both ways. For those who are not aware the Supreme Court have been deciding on whether or not to overturn a High Court ruling that the Government in the...