Pound to Dollar rates: Will GBP/USD exchange rates fall below 1.30?

Pound to Dollar forecast: Should I buy US dollars now ?

In recent weeks Pound to Dollar rates, also known as cable exchange rates, have been on the rise. To put this into monetary value a £200,000 transfer into US dollars today compared to the middle of December, now generates $12,000 more. US Dollar weakness The US dollar has been on the decline due to the US Government shutdown. Donald Trump shutdown part of the Government in a bid to persuade Congress to back the wall that he wants built between the US and Mexico. The shutdown...
GBP to AUD Outlook - Dollar Supported on Stronger Data

GBP to AUD forecast: Will buying Australian dollars become cheaper in the weeks ahead?

Since the start of December GBP to AUD exchange rates have increased from 1.73 to 1.83 (5.78%). To put this into a monetary value a £200,000 transfer into Australian dollars generates our clients an additional $20,000 Australian dollars. Good opportunity for buying Australian dollars Those buying Australian dollars are experiencing improved rates at the moment for a few reasons. Firstly, the Australian housing market is under pressure once again. Early next month the Royal Commission are going to release their final report in regards to lending...
Pound to Canadian Dollar: Sterling loses ground due to Brexit Uncertainty

Pound to Canadian dollar rates ahead of Parliamentary votes on Brexit

Pound to Canadian dollar rates face a volatile few days ahead as developments over Brexit continue to drive the GBP to CAD pair. Today the Speaker in the House of Commons will choose from a series of amendments that have been put forward for Parliament to vote on. There are two amendments in particular that are likely to attract attention from the markets. The Yvette Cooper / Nicholas Boles amendment which seeks to delay Article 50 could take a no deal Brexit scenario off the...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

GBP to AUD Rate Spikes to 1.85 on Brexit Backstop Developments

The pound to Australian dollar exchange rate has risen further after a solid of week of gains largely driven by Brexit developments. Last night saw a further spike for the GBP to AUD rate on reports that the Democratic Unionist Party would support Theresa May’s deal if there is a time limit on the backstop. This is a big development as the Government rely on these votes to support votes in the House of Commons. However there is no sign from the EU that there...
GBP/CAD forecast - CAD's value has spiked by over 3 cents due to brexit uncertainty

Could fears of a global slowdown have a negative effect on the Canadian Dollar?

The global economy is in focus this week as the annual Davos world economic forum is taking place. The obvious key talking points will surround the US - China trade talks along with Brexit, which are two matters that could have a heavy impact on the GBP/CAD exchange rate. Brexit latest news Brexit related updates are coming through thick and fast as the time to arrange the process of the UK leaving the EU runs out. UK Prime Minister, Theresa May's deal was voted against by...
A breakthrough in the Brexit negotiations?

Australian housing market a concern for Australian dollar sellers

It's been a tough week for the Australian dollar exchange rates as credit rating Fitch suggested further falls are on the horizon for house prices in Australia. Fitch is seen as one of the three big credit rating agencies that give forward guidance and they are predicting that another 5% fall for the housing market within the next 12 months. It's key to note that since the housing market started to decline in recent years we have seen a 6.7% fall across Australia. The decline...
Pound to US dollar forecast: Will GBPUSD levels rise or fall in April?

Will Sterling go back above 1.30 against the Dollar?

Sterling has made good gains against the dollar over the course of the trading week, and in fact breached the key 1.30 level last night if only for a few hours. Brexit appears to be the main market driver for the pound and any economic data that has been released lately has had very little impact on trading levels. The latest news from the past week is that Theresa May has managed to overcome their latest obstacle where she survived a vote of no-confidence vote by...
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 - GBPUSD falls

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...