Pound to Dollar forecast: Sterling continues to decline against the US Dollar

Unimpressive GDP figures see Sterling marginally losing value heading into the weekend (Joshua Privett)

GBP/EUR, GBP/USD and GBP/AUD are all at a net loss so far today following some lackluster GDP figures for the UK economy which caused confidence in the Pound to wither slightly ahead of the start of December next week.  This data was to be a second revision of the GDP growth in the UK for the third quarter of 2015. Revisions are new calculations based on more information revealed to the UK's office for National Statistics concerning business activity within that period. The last revision in...

What can we expect from the pound in January?

A slightly quieter month so far in terms of news and economic data will soon give way to plenty of fresh information that could move exchange rates. Sterling has already hit some stumbling blocks falling against the Euro and could well be struggling against other currencies. Manufacturing and Industrial data showed the UK is performing well in these areas, UK GDP for Q4 was also shown to be up 0.2% according to the NIESR (National Institute of Economic and Social Research). Despite this more positive...
Pound to US dollar rate falls to a 5-month low, almost hitting the 1.25s as Brexit woes continue

How will Trade Wars shape GBP/USD exchange rates?

GBP/USD exchange rates have fallen close to the lowest in 2018, hovering around the 1.275 level, very close to the 1.2692 level we hit earlier in the year. The expectation is that GBP/USD exchange rates could have further to fall, in part owing to a belief that the Trade Wars will not harm the US as much as expected. It has always been felt that the US will come out the better of any trade spats with other countries. Whilst it might find some difficulties...

U.K Unemployment and average earnings figures tomorrow to impact Sterling exchange rates

Tomorrow we have the release of key unemployment and average earnings figures for the U.K at 09:30am. This data will be key for the performance of the Pound not only throughout tomorrow but as we head towards the end of the week. Unemployment levels are predicted to remain at 4.3% so as long as there are no surprise alterations to this I do not expect any major dramas, however there will be a lot of focus on average earnings and if we have any improvement there. The...

GBP Forecast – Sterling’s Value Boosted Following Positive UK Services Data (Matthew Vassallo)

Sterling found some much welcomed support during yesterday’s trading, making gains against the majority of major currencies. The catalyst for this upturn was likely to linked to UK Services PMI figures, which came out at 54.5 and above the markets predicted results. This boosted investor confidence in the UK economy, with the Pound benefiting as a result as investors moved funds into Sterling during the early part of Monday’s trading. GBP/EUR hit 1.1260, whilst GBP/USD move back towards 1.39 at the high. Despite the single currency and...

GBP Forecast – Where Next for Sterling Exchange Rates? (Matthew Vassallo)

Those clients with upcoming Sterling currency positions to execute, will be keeping a close eye on tomorrow’s UK Gross Domestic Product (GDP) figures. With little economic data of note for the UK this week the markets will be focused on tomorrow’s key release, which could be key in shaping Sterling’s value as we head into the Easter break. Investors have likely priced in the expected result of 0.4% growth, so any figure released outside of this remit will cause an increased market reaction, with additional volatility...
GBPEUR rate remains steady as markets await the Autumn Budget

Bank of England minutes this morning, what impact will this have on the pound?...

Today, as the country pays its last respects to the Iron Lady, the Bank of England will release its latest minutes from the interest rate decision held at the beginning of the month. The minutes are widely scrutinised for any clues as to future monetary policy and in particular whether the bank is considering further QE (Quantitative Easing). It is my view that the bank will not consider any QE in the short term and I hope the pound may have a positive day...
Euro to Pound outlook: European Central Bank considers interest rate cut where to next for EURGBP exchange rates?

Best rates on Euros and Dollars with three big data releases out for sterling...

Today could end up being quite an interesting day for sterling exchange rates with an interest rate decision out at midday followed by the asset purchase facility (QE), manufacturing data out at 9.30 and then this afternoon we have a GDP estimate for the month of April. Looking at what may occur today I feel it is safe to state that we will not see the Bank of England raise interest rates. Where all sterling buyers and sellers should be cautious is with the QE...
Supreme Court to Decide Whether Proroguing of Parliament is Lawful

Sterling Recovers Following Some Heavy Losses (Matthew Vassallo)

The Pound found some much needed support during yesterday’s trading, helping it to recover some of the heavy losses seen against the majority of major currencies last week. GBP/EUR moved back above 1.13, hitting 1.1363 at this morning’s high. This move was most welcome by those clients holding the Pound following last week’s slide, which came about after the Bank of England’s (BoE) interest rate decision and the subsequent statement by governor Mark Carney Despite the central bank raising rates for the first time in 10...
Pound to US Dollar exchange rate Sterling vs US Dollar hits lowest level since October 2016

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...