GBP USD Exchange Rate Drops to Fresh Low as Truss Becomes New PM

Pound to Dollar forecast: Are we closing in on the end of the US...

In today's Pound to Dollar forecast I discuss reports over the past few days of an increased potential of a trade agreement, or at least a truce to be agreed by leaders Donald Trump and Xi Jinping. U.S Treasury secretary Steven Mnuchin spoke to CNBC earlier in the week and commented that he felt that a trade deal was 95% complete. However, we also need to be cautious that this final 5% may well be the large sticking points and enough to not see progress. For...
Pound to Dollar Rate Hits Three-month High

Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

Will Non-Farm Payroll data affect the pound to US dollar forecast? Today is a key date in the economic calendar with the latest US Non-Farm Payroll data released. Due on the first Friday of every month, the information relates to the changes in on-agricultural employment in the United States. It is highly regarded as a key barometer of the US labour market and will provide us with insight into the latest developments in the US economy. Expectations are for the data to show a drop...
Pound to Dollar Rate Moves Higher Following Fed Meeting Minutes

Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit...

The Pound is trading around 3 month lows at the moment against the US Dollar as well as other currencies such as the Euro. Failure of Brexit talks hits the pound to us dollar rate The positive sentiment surrounding the Pound earlier this month has waned and the gains have been reversed with the Pound falling by almost 3% since the highs. The gains were based on the hopes of cross-party talks being productive as UK Prime Minister May and Labour leader Jeremy Corbyn were in...
GBP USD Exchange Rate Weakens as Investors Seek Safe-Haven Currencies 

Pound vs Dollar: How will next week’s vote on May’s deal impact the GBP/USD...

Next week could be very busy for Sterling exchange rates as the next meaningful vote on UK Prime Minister May's deal will take place. It's expected to be held on the 12th, with speculation mounting as to what could happen to the Pound in the event her plan is voted in favour of, or against again. The Pound is the best performing major currency of 2019 so far and some substantial gains have been made, with GBP/EUR trading around a 22-month high and GBP/AUD trading...
GBP USD Exchange Rate Rebounds Above 1.31

Potential for another US interest rate hike and the impact of the UK’s meaningful...

The US Dollar has continued to fight back against the Pound this week and has already moved by 2 cents during the last few days or the difference of £2,400 on a currency transfer of USD $200,000. This movement demonstrates how volatile the currency markets are and highlights the importance of being kept up to date with a currency broker. After seeing some indifferent economic figures Stateside the data published yesterday showed an improvement in the services sector of 59.7 from 56.7 compared to the previous...
GBP USD Exchange Rate Gains Subdued by Soft Data 

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...
GBP USD Exchange Rate Drops to Fresh Low as Truss Becomes New PM

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...
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 Exchange Rate Drops to Fresh Low as Truss Becomes New PM

Pound to Dollar forecast: Should I buy US dollars now ?

In recent weeks Pound to Dollar rates, also known as cable exchange rates, have been on the rise. To put this into monetary value a £200,000 transfer into US dollars today compared to the middle of December, now generates $12,000 more. US Dollar weakness The US dollar has been on the decline due to the US Government shutdown. Donald Trump shutdown part of the Government in a bid to persuade Congress to back the wall that he wants built between the US and Mexico. The shutdown...
GBP USD Limps Away from March 2020 Low 

Will Sterling go back above 1.30 against the Dollar?

Sterling has made good gains against the dollar over the course of the trading week, and in fact breached the key 1.30 level last night if only for a few hours. Brexit appears to be the main market driver for the pound and any economic data that has been released lately has had very little impact on trading levels. The latest news from the past week is that Theresa May has managed to overcome their latest obstacle where she survived a vote of no-confidence vote by...