Pound to US dollar forecast: an important week for UK Prime Minister Theresa May

Buying Euro and Dollar rates hit fresh lows (Joshua Privett)

Unfortunately for anyone considering purchasing a foreign currency, be it buying Euros or buying Dollars, the Pound had a further tumble on financial markets across the trading day today, and is continuing as I type this article. The main cause behind GBP/USD reaching new 31 year lows, breaching into the 1.29's briefly, and GBP/EUR fell even lower into the rates available in 2013 was a dramatic Q and A session with Mark Carney, the Governor of the Bank of England, following the UK's financial stability report. In this...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR, GBP/AUD sliding, only GBP/USD likely to rise (Joshua Privett)

After a dramatic week for the Pound and the intervention of a sitting US President, GBP/EUR and GBP/AUD are starting to move back down after the near two month highs reached yesterday. This is likely due to poor UK growth figures for the first quarter of this year, which has caused the dominant story of the positive effects of Obama's visit on the Remain campaign to fade into the background. The only reason GBP/USD is on the rise is due to poor US housing data. With popularity...
How will Brexit Extension efferct the Pound?

Sterling bounces back after hitting multi-week lows in the wake of the Manchester attack,...

The Pound is up against all major currency pairs this morning after dropping yesterday in the wake of the terrorist attack late on Monday night. Despite the horrific attack the Pound is showing resilience this morning after hitting lows of 1.1526 against the Euro yesterday and falling below the 1.30 mark against the Dollar. As sad as it sounds I personally think that financial markets are becoming less reactive to such attacks that historically would have resulted in steep drops for the underlying currency. Since the event...
Brexit news: Is a move below 1.10 for GBP/EUR realistic

UK Budget Dominates Headlines (Matthew Vassallo)

Many of today’s headlines are centred around today’s UK budget, delivered shortly by chancellor George Osborne. The overriding consensus is that he is preparing the UK for some tougher times ahead and will focus on the long-term, setting out a plan for 4 billion in extra cuts, along with an increased spending on infrastructure. This has been countered by the shadow chancellor as a press stunt ‘to hide George Osborne’s failures’. Whichever way the markets look at it what is clear is that the UK...
Pound to US Dollar rates influenced by political uncertainty in the UK

Sterling Exchange Rates Remain Under Pressure as Referendum Approaches (James Lovick)

The pound has found support today against most of the major currencies including the Euro and US dollar. GBP EUR made sizeable gains this morning in excess of 0.7% which presented Euro buyers with a small window of opportunity as temporary as it was. However the pound on the whole remains under incredible pressure as the prospect of Brexit is becoming a reality. With the polls giving the leave campaign a massive lead it has resulted in the pound losing around 4% against the Euro...
Pound to US Dollar rates influenced by political uncertainty in the UK

Greek elections lead to further Euro weakness – Dollar breaks 1.50 (Daniel Wright)

Greek elections show Syrizia victory - Further Euro weakness Well we have certainly seen an extremely busy start to the year as far as the currency markets go and this weekend did not fail to add to the drama. Yesterday Greece voted in favour of the far left group Syrizia who have been saying throughout the campaign that they would aim to re-negotiate the Greek debt package. On top of this they have also suggested even looking to leave the Eurozone which would cause even further problems  in...
Pound vs Dollar: Non-Farm Payroll to take centre stage today - potential volatility for the US Dollar

Sterling Steadies at Near 4 Month High (James Lovick)

After an excellent rally for the last week the pound is finally hitting resistance at these higher levels. GBP EUR peaked just above 1.32 and is now sitting 1 cent lower whilst GBP USD is struggling to break 1.47. We should be coming to the end of the Remain campaign's announcements as rules have now kicked in which prevent the government from issuing any further big publications to support their cause. The markets have now started to price in a greater chance that Britain...
Pound rises back above 1.25 level against the Dollar Will the Federal Reserve cut interest rates?

Buying Euros expected to become dearer after Monday (Joshua Privett)

After a stable final two weeks in August for the Pound and a fantastic initial two days in September for anyone with an upcoming Euro a Dollar requirement, it will now see its first tests over the next couple of weeks. First, the good news: Like clockwork we have come to expect that late on Friday afternoons Sterling begins to slip against the Euro and the various Dollars due to the phenomenon of profit-taking in the markets. Traders dealing with the 8-9 figure transactions at high...
Brexit news: Is a move below 1.10 for GBP/EUR realistic

Sterling exchange rates remain flat today – What is due out in the coming...

The Pound has not really given us a huge amount to feed off of today however there are still a couple of important data releases due in the coming days that may impact your rate of exchange. Tomorrow morning we have German growth figures which will no doubt impact the Euro in early trading and shortly after this we have a speech from the Governor of the RBA Glenn Stevens speaking over in Australia which is key for those with an interest in either buying...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP posted strong gains yesterday upwards of 1% against most majors. Watch out for...

Sterling exchange rates had a very positive day yesterday posting gains of 1% against the Euro and US dollar and over 1.5% against the Australian Dollar following better than expected Purchasing Managers Index (PMI) data from the service sector. UK PMI climbed to 56.9 in June from 54.9 in May taking growth to its highest level in two years and continuing the UK's recent strong data (retails sales and manufacturing numbers in particular). This will be good news for Mark Carney the new governor of...