Pound to US Dollar Rate Outlook: GBPUSD Drives Lower on Global Uncertainty

As we enter fresh ranges what can we expect next for the pound?

Sterling has broken fresh ground lately as we learn new information on the political outlook for the UK. It is becoming clear the UK will shun access to the single market and this will have big repercussions in the future, more of this later. What this means is that anyone holding sterling waiting on big improvements could find themselves caught out by holding on hoping rates will magically move back in their favour. Any big investors holding the pound waiting for further news have received that...

Expect Volatility after the BOE Interest Rate Decision (Daniel Johnson)

We could see big movement for Sterling against all major currency pairings today. Although the chance of a change from the 0.5% we currently sit at is very slim, the Monetary Policy Committee vote is what could really cause the swing. The MPC's nine members vote for or against a rate hike. We have consistently seen Ian McCafferty vote for a rate hike although with news of global slow down spurred on by China's poor growth figures, he may be about to change his...
Will Pound to Euro Rates Gain in September?

Sterling gains against Euro, Dollar, AUD, NZD, CAD Need I go on? (Tom Holian)

As the title suggests Sterling has had its best month for a long time across the board against all major currencies. The speech from the Governor of the Bank of England Mark Carney yesterday highlighted that the housing market is well on its way to recovery and that any further rises in UK house prices could cause a risk to the UK economy. The Funding for Lending Scheme which was aimed at helping first time buyers to get on to the property ladder has been...
Pound to Dollar forecast: Sterling continues to decline against the US Dollar

Currency market – The week ahead for the Pound against the Euro, Dollar, New...

This week sees head of the ECB Mario Draghi speaking this afternoon, Reserve Bank of Australia minutes this evening,  Inflation data for the U.K tomorrow, Bank of England minutes on Wednesday morning and GDP figures for the U.K,  New Zealand,  Canada and the States during the week. Please ensure you get your exchanges in early too as Christmas is fast approaching. Pound Sterling Forecast - The week ahead Today We have head of the European Central Bank Mario Draghi speaking at 14:30pm so for those with...
Will Pound to Euro Rates Gain in September?

QE or no QE……….The hottest talking point of the day!

Following on from Jonathan's post and to show just how undecided even the most 'in the know' people are, I personally feel we will see QE at 12:00 and some Sterling weakness..... Who will come out on top with this one, myself or Jonathan????? Either way I feel some sort of announcement will be made surrounding it which in turn may lead to a tricky afternoon for Sterling. Let me know your thoughts... djw@currencies.co.uk

Sterling has a brighter day following average earnings data, still dropped off as the...

The Pound had a slight spike in value yesterday morning, following news that unemployment in the U.K had remained at a healthy 4.5% and average earnings had also crept up a little. Average earnings data is one of the key issues that the Bank of England are looking into, as it stands inflation is high at 2.6% yet average earnings (people's wages) are not following suit. Essentially what this creates is a problem for the economy as we move forward. If the price of goods...

Buying Euro and Dollar exchange rates whittling away ahead of the weekend (Joshua Privett)

The gains made by the Pound yesterday from a remarkable turnaround in the retail sector last month have already dwindled, with buying Euro and Dollar rates of exchange falling away by half a cent from yesterday's highs. With almost no economic performance statistics to hit the wire today, and with little political news of note (at least from the UK side of these pairings, we all know the intense spotlight that Trump is currently under), this market movement becomes a question of psychology. As I have...
Will Pound to Euro Rates Gain in September?

Sterling’s Fall Continues (Daniel Johnson)

The outlook for Sterling against most major currency pairings is far from favorable. It really is taking a hammering of late and I feel the slide could continue. Global Economic uncertainty combined with both poor UK data and the pending  EU referendum does not sit the Pound in good place for the months going forward. Medium to long term the EU referendum will hold back Sterling until the votes have been counted. However should we leave the EU, I think Sterling could well fall...
Pound Sterling Forecast – USD Movements Could be Crucial

Is Sterling’s rebound coming to an end? (Joseph Wright)

It would appear that the surprisingly bullish run for Sterling exchange rates is now slowly coming to an end, as we're beginning to experience daily falls for GBP exchange rates against some of the other major currencies. After ending the month of April in such a strong fashion the Pound is having quite a negative start to May, having fallen as low as 1.2628 from the GBPEUR peak of 1.2900 last month which was close to a 3 month high. I personally believe the falling GBPEUR...

How to Get the Best GBP Exchange Rates (Matthew Vassallo)

Sterling has performed well over the past couple of weeks, showing improvement against the EUR, USD and AUD amongst others. This upturn in fortunes has coincided with a run of positive economic data releases and if it hadn't been for last weeks Eurozone Gross Domestic Product (GDP) figures, which came in much better than expected, I believe GBP would be even closer to the 1.20 level. As it stands it could be argued that Sterling is undervalued against the EUR but in order for rates...