US Dollar Forecast: US Dollar set to lose value

US Dollar Forecast: US Dollar set to lose value

US Dollar Forecast: Trade War and Forward Monetary Policy does not bode well for US Dollar The US Dollar could be facing a rough year. Federal Reserve Chair, Jerome Powell has had a dovish tone when discussing potential rate hikes at his past few press conferences and the new stance from the Fed seems justified considering the problems that are facing the US economy. US President, Donald Trump has put in place a partial Government shut down in an attempt to force funding for his US/Mexico...
GBP/USD Forecast - How will GBP/USD rates perform this week?

GBP/USD Forecast – How will GBP/USD rates perform this week?

GBP/USD forecast: This is a major week for the pound to US dollar exchange rate as investors closely monitor the fallout from the UK's Brexit plans and await further news on the US Government shutdown. This week could see some key developments in both issues, as well as others, to move the currency markets. GBP/USD Forecast: The impact of Brexit outcomes Firstly, the Brexit vote in Parliament will attract lots of headlines. Will we finally see some progress on Brexit? It seems it could get worse...
GBP/USD Forecast: Will the pound lose more ground against the US dollar?

GBP/USD Forecast: Will the pound lose more ground against the US dollar?

The pound has entered 2019 on a weaker footing owing to Brexit uncertainties, compared to some of the higher levels achieved against the greenback in 2018. Movements in 2019 has been mainly dictated by the US dollar, as the currency markets try to gauge the outlook and likelihood of further economic uncertainty in the United States. The tensions inherent in the US and global economy were highlighted last week when the mini 'flash-crash' triggered a strengthening of the US dollar. This move, likely triggered by...
GBP/USD exchange rate breaches 1.30

Pound to Dollar Exchange Rates in Run Up to Brexit Meaningful Vote

Pound to dollar exchange rates should be set for a volatile fortnight as Brexit now moves into the final stages after Parliament has returned from the Christmas recess. The meaningful vote which was supposed to take place before Christmas is now scheduled to be held 15th January. The withdrawal agreement and Brexit deal will be debated in the House of Commons this week leaving a short but very uncertain period for the pound before new direction is provided whichever way the vote goes. Irish...
Canadian unemployment figures key for Canadian Dollar exchange rates

Canadian unemployment figures key for Canadian Dollar exchange rates

This week has been fairly quiet in terms of economic data, but the year should start to get in full swing today as we have the release of Canadian unemployment figures. Expectations are for the unemployment rate in Canada to have crept up a little from 5.6% to 5.7% which would be seen as a slight negative for the Canadian Dollar should the release come out as analysts have predicted. Unemployment appears to be the key focus of the day globally as we also have the...
GBP to AUD forecast: Is Sterling's advance against the Australian Dollar justified?

GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?

GBP to AUD Forecast: The Pound continues its fantastic run against the Australian Dollar The Pound has been performing very well against the Australian Dollar in recent weeks gaining by as much as 9 cents since the start of December. This is a difference of £5,850 on a currency transfer of AUD $200,000. This particular statistic highlights the importance of keeping up to date with what is happening to the foreign exchange markets and especially the GBP/AUD exchange rate which has moved a huge amount in...
GBP/USD Forecast: Could the Pound hit 1.30 against the US Dollar this month?

Is the US Dollar set for a tough run in 2019?

Sterling has made further inroads against the USD this morning, following on from yesterday’s positive gains. GBP/USD rates have moved to a morning high of 1.2671, with the Pound trading a cent and a half higher than it was at this time yesterday. The USD saw a sharp selloff yesterday following Apple Inc.’s warning that weak Chinese sales were going to negatively impact their Q1 turnover this year. The Dollar’s drop in value was also heightened due to thinner trading conditions on Wednesday, as the...
GBP to CAD forecast: Brexit continues to be the key factor

GBP to CAD forecast: Brexit continues to be the key factor

Brexit: What Next? The lack of clarity surrounding Brexit continues to impact the GBP to CAD forecast, holding back Sterling against the Canadian Dollar. The current situation does not bode well for Sterling. Theresa May has postponed the Parliamentary vote on her deal due to rumours circulating there is a significant short fall of MPs willing to back the deal. May's intention is to renegotiate the current deal with Brussels, however President of the European Commission, Jean-Claude Junker has stated there will be no further concessions...
Flash crash sinks Pound to US Dollar rates

Flash crash sinks Pound to US Dollar rates

Pound to US dollar rates suffered the effects of increasing uncertainty in financial markets as GBP/USD surged into the 1.24's on safe haven fears. The move came overnight as auto-trades were triggered by a slump in global confidence. The news on financial markets has been shaky to say the least as we enter 2019 with the growing threat of worsening trade wars, political uncertainties and a growing chance of a financial crisis. Stock markets globally have been lower and it might have been some particularly bad...
GBP/AUD Rates Fall Back Towards 1.80 as UK Prepares for Crunch Brexit Vote

GBP/AUD Rates Fall Back Towards 1.80 as UK Prepares for Crunch Brexit Vote

GBP/AUD rates have fallen back towards 1.80, with the Pound's resistance around this threshold coming under pressure once again. Reports this morning from former Brexit Secretary David Davis suggest that UK Prime Minister Theresa May could once again delay the “meaningful vote” on January 14th, when MP’s will vote on her current Brexit deal with the EU, if she looks set to lose it. The PM has already delayed the vote once and Davis feels she may have to do the same again to avoid a...