Pound to dollar rate falls lower after stronger US inflation data

Pound to US Dollar Trades Lower on Brexit Uncertainty

The pound to dollar exchange rate is set for a volatile few months as we start 2019, with the final Brexit withdrawal date approaching. There is a growing chance that a no deal scenario could emerge which is one of the reasons the pound is trading at these lower levels. Rates for GBP vs USD are sitting at 1.27 for the pair. There are some important dates approaching in January and any political developments over Brexit will inevitably be the main driver for sterling exchange...
Will GBPAUD levels drop back below 1.80?

GBP to AUD Forecast: How will GBP/AUD rates perform this January?

In this GBP to AUD forecast I discuss the expectations for the GBP/AUD exchange rate in January. Rates are likely to be largely dependent on the outcomes from the two biggest drivers on the currency markets at present, namely Brexit and also the Trade Wars. Trying to predict these factors is no easy feat and clients relying too much on one particular outcome, might be wise to consider all eventualities. The January 14th Parliamentary vote on Theresa May's Brexit will be a huge factor in...
Pound to Canadian Dollar Strength as Oil Price Plummets

Pound to Canadian Dollar Strength as Oil Price Plummets

Pound to Canadian dollar exchange rates have rallied this week after a sudden drop in the price of oil which fell by over 7% on Tuesday. With global production presently increasing this is forcing the price of oil lower which is having a negative impact on the Canadian dollar which is a commodity currency. With the US now producing vast amounts of shale this is also helping to weaken the price of oil. As Canada is a major exporter of oil a lower price...
Will the Dollar get stronger in 2019? Interest rate hike from the Federal Reserve

Will the Dollar get stronger in 2019? Interest rate hike from the Federal Reserve,...

Will the Dollar get stronger in 2019? The Federal Reserve made their move last night to raise interest rates for the fourth time in 2018, in a move that went against Donald Trump's wishes. This so far has had a minimal impact on Dollar exchange rates. The reason for this is that many investors and speculators had wide expected the rate hike, and the currency markets quite often move on expectations as well as fact. What would have been of great interest would have been the...
Will Pound to US dollar rates get back over 1.30?

US Dollar improves against the Pound owing to Brexit uncertainty and US interest rate...

The US Dollar to Pound rate remains close to its best levels of 2018 as the uncertainty of Brexit continues to rumble on. The vote on the Brexit deal was postponed last week after it became apparent that MPs would not have voted in favour of the current deal on offer. This then led to the Tories putting forward a vote of no confidence in Theresa May, but she managed to survive this with a win of 200-117 last week. Since then Prime Minister Theresa May...
Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

Theresa May urged to consider alternative Brexit deal

May remains defiant Secretary of State for International Trade, Liam Fox and another senior Tory MP, Damian Hinds, both considered close allies of Theresa May, have called for a vote in the House of Commons on possible alternatives to the PM's current Brexit deal. The alternatives to be considered are wide ranging, from a Norway plus deal to a potential no deal. The PM is currently standing behind her own deal despite being stone walled by Brussels. Jean Claude Junker, European Commission President stated the following: "We don't...
Pound rises above 1.30 against the Dollar - Exchange rate latest

Pound to Dollar forecast: What’s next for Sterling and will the US Dollar get...

The Pound hit a 20 month low against the Dollar in trading sessions earlier in the week as the markets digested the fact that Theresa May had to face a vote of no confidence, which led to political uncertainty for the UK and Sterling weakness. Sterling then made gains back against the Dollar as the week progressed following a victory for Prime Minister May and Brexit talks getting back into the swing of things. It does appear that very little progress is being made and...
Flash crash sinks Pound to US Dollar rates

Pound US Dollar Forecast: Will the Pound fall even further against the US Dollar?

In today's Pound US Dollar forecast I discuss whether the Pound is likely to fall even further against the US Dollar. The US Dollar has remained very strong against the Pound in recent weeks staying below 1.30 as the problems surrounding Brexit appear to be mounting. Today will be the third day of debating prior to the proposed vote on December 11th which will decide whether or not Parliament will approve the current Brexit deal on offer by Theresa May. Yesterday, the Government was forced to...
GBP to CAD Rates Slip after Strong Week

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...
Pound to dollar rate falls lower after stronger US inflation data

Will pound to US dollar rates rise back over 1.30 before the New Year?

Will the pound to US dollar rates rise back over the 1.30 level is a key point of concern for any clients with a position to buy US dollars with sterling. There is a growing expectation that this will only really result from a change in market sentiment toward sterling which is proving very difficult at present. Firstly, the main driver for the pound looks set to continue to be the Brexit and the key factor on Brexit is the Parliamentary vote on the 11th...