How far can the pound fall?

The pound has actually made some very small gains today but the outlook remains grim in my opinion. Despite the markets bouncing off the bottom today I do not think there is going to be a huge amount to be cheerful about and the rally of this morning quickly halted. The UK has no Prime Minister, the EU say there will be no special deal for the UK and business confidence and investment is down. There is a harsh choice for the next PM will it...

Will the Pound to Euro rate go up or down?

Will the pound or Euro go up or down in the coming weeks or months is a very valid question as there are so many upcoming events to move the rates. I would predict a range of 1.13-1.20 in the coming weeks as we get answers to some very important questions over Brexit and European affairs. If there is one thing the currency markets are not fond of it is political uncertainty. Markets can just about digest economic uncertainty as investors are used to assessing...
Pound Sterling Forecast – GBP to Weaken in the Coming Weeks?

Pound Sterling sees a slight lift ahead of U.K general election – What will...

When Prime Minister Theresa May announced the election we saw Sterling exchange rates receive quite a boost as it did look like a Conservative victory was a formality, most likely by a majority. This would have led to an easier path for her in Brexit negotiations. What we have witnessed in the past few weeks is a change in momentum, polls are indicating that Labour are gaining seats and uncertainty has been creeping into the minds of investors and speculators, leading to a sell...
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...
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 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 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...

Will the Bank of England give the Pound a boost tomorrow? (Daniel Wright)

Sterling exchange rates have been taking a bashing over the past few weeks and so far as this trading week has progressed we are yet to see any major change in momentum. When Theresa May announced that she would be calling a snap election the Pound rallied, but as doubts that she would have an easy ride started to creep into investors minds, we have seen the Pound suffer and so far it hasn't pulled many punches in its fightback. Earlier in the week we did...
GBP USD Exchange Rate: The Month Ahead August 

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...
Pound to Euro Falls as Further COVID Restrictions Announced

Italian political issues appear to be the main driver for currencies so far this...

The week so far has seen quite a lot of volatility for Sterling exchange rates, however the reasons for the Pound moving against most major currencies are not down to political or economic data from the U.K but actually mainly driven by Italian politics, Donald Trump and North Korea. Italian politics has been one of the main focuses for the week for investors and speculators, as news broke earlier in the week that the two big winners from the election - Five Star and The...