GBP USD Exchange Rate Slumps to Lowest Level in a Month

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...
GBP USD Picks Itself Up Off the Floor

Will UK GDP data give the pound a boost this morning? (Mike Vaughan)

This morning's revised GDP data has been forecasted to show an improvement from the previous 0.3% and revised up to 0.6%, however it really seems to be dividing opinion with many analysts expecting even more positive figures than 0.6% but with some major banks sitting cautiously and prediction 0.5%. I am hopeful that at least 0.6% will be seen but actually have a feeling that the data might be more positive than this. Should the figure come in better than 0.6% I would expect...
GBP EUR Edges Higher After Recent Rates Sell-Off

What else is driving sterling exchange rates apart from Brexit?

Sterling Exchange rates have been range bound as investors try to gauge the impact of the Brexit and balance their holdings of the pound. Whilst much of the movement on sterling is explained by Brexit there are other factors globally and as a result of the Brexit vote to consider. In this post I will try to identify some of the non-Brexit key issues I am discussing with my clients to help them make an informed choice about what is the best decision with...
GBP EUR Edges Higher After Recent Rates Sell-Off

When Will the Pound Recover? (Matthew Vassallo)

The Pound has taken its fair share of knocks over the past month and many clients have been left baffled as to why we have seen such a sudden fall, against almost every majorly traded currency. The reasons for this have been outlined and debated in depth by recent media reports and also in our previous blogs. In my opinion the driving factors have been the very real threat of a triple dip recession here in the UK and David Cameron's recent announcement that a referendum would be...
GBP USD Exchange Rate Bounces Off Yet Another Two-Year Low

UK’s GDP could set the tone for the pound this week. GBP, EUR, USD...

GBP/EUR Current buy levels for GBP/EUR are still showing some value following last weeks improved unemployment figures suggesting interest rates could increase sooner than many had forecast. Mark Carney was, however, quick to quash these rumours creating a correction in GBP/EUR from the one year high of 1.223 last week. Levels have fallen back into the 1.21 territory, an opportunity for anyone selling as I believe the pound is likely to increase in value against the single currency. Tomorrows GDP data is one to keep an...
GBP EUR Exchange Rate: The Week Ahead August 15th

How will GBP/EUR, GBP/USD and GBP/AUD fare in February? (Joshua Privett)

Sterling had an incredibly difficult period in January. Rarely is it that currency market movements make the news but the dramatic falls on rates to buy Euros and various Dollars was hard to ignore. To gain an understanding for how GBP/EUR, GBP/USD, and GBP/AUD will fare next month it would be invaluable to look back to how the UK economy performed during December and January. The first few weeks of each month normally see the largest movements for exchange rates on the Pound. This is because...

GBP EUR Falls to New Lows after Mario Draghi Speaks at Jackson Hole (James...

The pound remains under distinct pressure with rates for GBP EUR particularly low this week having fallen to 1.0870 for this pair this morning. GBP USD has also moved lower with rates looking like they may move into the 1.27’s today. European President Mario Draghi is speaking at the Jackson Hole Symposium in Wyoming at the time of writing. His comments are already driving the Euro higher with rates for GBP EUR tumbling. Without a doubt the ongoing uncertainly over Brexit and the fact that there...
GBP USD Exchange Rate Bounces Off Yet Another Two-Year Low

GBP EUR Rates Poised Near 1.23 – Inflation Data Out Tomorrow

Sterling is still poised to breach 1.23 in the near future provided UK inflation figures tom0rrow don't damage the pound.  Last week's Bank of England Quarterly Inflation Report did put the brakes on the pound's recent rise as it pushed off the prospect of an early interest rate hike but the fundamental data for the UK of late has been pretty good, and if it continues to impress sterling could easily be testing new highs against the single currency. Whilst inflation is one potential banana...
Pound Sterling Forecast – GBP to Weaken in the Coming Weeks?

Sterling drops as YouGov poll indicates a Hung Parliament in next week’s General Election!...

At 10pm last night the most recent poll released from YouGov sent Sterling exchange rates downward, as the gap between Labour and the Conservative party has slimmed over the past week. Sterling had originally gained off the back of Theresa May's (UK Prime Minister) plans to call an election on the 8th of next month, as financial markets expected a clear majority for her Conservative party and this expectation of political certainty strengthened the Pound. In the wake of her calling an election the Pound...
GBP USD Exchange Rate Climbs Higher but Growth Fears Remain

GBP Forecast – Sterling Struggling to Make Any Significant Impact Against the EUR or...

Sterling has made little impact against either the EUR or USD over recent days, as concerns over Brexit negotiations continue to hamper any major advances for Sterling. The EUR has found plenty of support around 1.13, with the single currency boosted by a strong run of Eurozone data. The USD has also found support over recent days, with Cable now trading around the 1.40 level. The USD had come under pressure last week following some poor US Retail Sales figures but the Pound struggled to make...