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

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...
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...
Pound to US Dollar Trades Lower on Brexit Uncertainty

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

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 Dollar forecast: How will GBP fair against the USD during 2019?

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...
Pound to US Dollar Trades Lower on Brexit Uncertainty

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...
Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

GBP to USD forecast: Rates gain ahead of Brexit legal advice expected today

In today's GBP to USD forecast we look ahead at the events that could impact rates in the coming days. Pound to US dollar exchange rates have started the week on a higher note ahead of an important week in British politics over Brexit. GBP to USD rates have moved higher, to 1.28. The pound to dollar rate remains extremely volatile and susceptible to Brexit developments. A key meaningful vote on the withdrawal agreement will be held on 11th December and will then set...
Volatile times ahead on GBP/USD exchange rates - will the US dollar get stronger against the pound?

Volatile times ahead on GBP/USD exchange rates, will the US dollar get stronger against...

GBP/USD exchange rate: Close to best rates in 2018 selling US dollars for pounds The GBP/USD exchange rate is currently trading on the interbank rate marginally above the 1.28 level, a not wholly unfamiliar level on the pair for regular monitors of the market in the last few months. 2018 has seen just over 16 cents movement between the high and the low on the pairing with current levels exceptionally close to the 1.2692 bottom seen in August. There are now a series of very important...