Pound US Dollar Forecast: With Brexit less than 4 weeks away what will happen to GBP/USD rates?

Pound US Dollar Forecast: With Brexit less than 4 weeks away what will happen...

Over the last few days it appears as though the talks between the US and China are improving and this could mean an agreement is reached in the near future. Part of the new agreement means that China will have to buy US based agricultural goods as well as reducing costs for American companies based in China. The US Dollar marginally strengthened against the Pound towards the end of last week and if the talks conclude this could provide the Dollar with further strength against the...
PM to meet outgoing EU President Jean-Claude Juncker today

GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

In today's GBP to AUD forecast we look at how the rates are being affected by the high probability of a Brexit extension. The GBP/AUD exchange rate will still largely be dictated by Brexit. The next key event is due to take place before 12th March, but is likely to be on the day itself. Theresa May's Brexit deal is due to be voted on by Parliament and in it's present form I believe there is little chance the deal will be voted through. If we...
GBP to AUD Forecast - Brexit Leads to Constitutional Crisis

GBP to AUD Forecast: Australia’s Coal Exports put in Jeopardy

Australian Dollar suffers due to heavy reliance on China The Australian Dollar has lost ground of late due to coal trade between China and Australia. Last week we witnessed China put a ban on coal imports from Australia which caused a drop in investor confidence as coal is one of Australia's primary exports along with iron ore. It has been reported that five harbours in China will no longer allow coal to be cleared. The Australian PM, Scott Morrison has attempted to quell the situation stating that...
Pound to Canadian Dollar exchange rate GBP fails to make gains against CAD as Brexit and oil prices affect the currency pair

Pound to CAD forecast: Could Canadian Dollar value fall?

Canada's fall in exports could affect Pound to CAD forecast Even with the lack of clarity surrounding Brexit Sterling has made moderate gains against the Canadian Dollar since August of last year. This has certainly not been without setbacks for those looking to purchase the Canadian Dollar with Pounds. The probability of a no deal scenario rising and falling has caused volatility on the exchange. We have also seen the chances of a rate hike fluctuating and the same can be said on oil price, Canada's...
Pound to US Dollar rate: US GDP data out today, what could happen to GBP/USD exchange rates?

Pound to Dollar Exchange Rates Push Back Over 1.30

Pound to dollar exchange rates has moved higher with good gains of over 1% seen yesterday for the GBP to USD pair taking rates above 1.30. The move higher comes ahead of an important meeting today between UK Prime Minister Theresa May and European Commission President Jean Claude Juncker. Optimism has been growing that there may be some sort of compromise or adjustment on the controversial Irish backstop, which has made the negotiations more difficult. There are two parts to this. It is believed...
Pound to Dollar forecast UK Parliament to be prorogued as Queen grants suspension

GBP/USD drops as UK data disappoints, will the pair remain below 1.30?

The Pound to US Dollar (GBP/USD) exchange rate has just hit its intra-day low as a raft of UK economic data releases have disappointed the markets this morning. Disappointing UK economic data Retail Sales figures in the UK disappointed for the month of January after being released at 2.5%, when the consensus was for 2.6% which was already a drop from the previous figure. At the same time the Consumer Price Index figures, which reflect UK inflation levels have now dropped below the Bank of England's...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Canadian Dollar vs Pound Forecast as Canadian economy under pressure

Canadian Dollar Weakness against the Pound The Pound has made some very positive gains vs the Canadian Dollar during the course of this week and has seen a gain of 2%, or the difference of £1,100 on a currency transfer of CAD$200,000. The Pound had been falling recently but has managed to rebound touching close to 1.73 on Thursday. A month ago the Bank of Canada had been saying that with low oil prices and a slowing in the housing market this has been having a negative...
Pound to Australian Dollar forecast GBPAUD rates fall to 1.80 as Brexit protesters take to the streets in their thousands

Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

The Pound to Australian dollar rate has taken a nose-dive after the Reserve Bank of Australia (RBA) gave opposing signals following the latest interest rate decision to hold rates at 1.5% as expected. The central bank had initially been more dovish following the meeting and focused on inflation, indicating it should hit 2.25% by 2020. This actually resulted in some gains for the Australian dollar. However the RBA made a further statement later on which caused the Australian dollar to weaken by over 1.6%...
Pound to Australian Dollar forecast Yellowhammer Brexit document and 'illegal' parliament suspension to influence GBPAUD rates

GBP vs AUD: Australian Dollar drops after RBA comments signal a bearish outlook

GBP vs AUD forecast: The Australian Dollar dropped dramatically last night, after comments from the Reserve Bank of Australia (RBA) were more bearish than expected and this caught the markets off-guard. The RBA chose to keep interest rates on hold at 1.5%. This was expected by the markets, so when this announcement was made there was little movement. It was the comments made by RBA governor, Phillip Lowe that caused the market movement when he acknowledged that the chances of an interest rate cut...
Sterling Forecast: Pound rises as Theresa May enters her possible breakthrough day

GBP to CAD rates slide lower amidst Brexit uncertainty

GBP to CAD exchange rates have rallied higher this week with rates for the pound to Canadian dollar pair breaking briefly over 1.72. The GBP to CAD rates are largely being driven by developments over Brexit and the markets are speculating as to where the final destination of Brexit will lead. At the moment the EU are reluctant to change the withdrawal agreement that has been agreed between the EU and UK, having shown no signs to commit to doing so. creating some uncertainty...