US/China trade war escalates

US China trade war escalates

The greenback has made ground after the escalation in the US China trade war after President Trump increased tariffs on $200bln of Chinese goods bound for the US. Although Trump has recently tweeted that “trade talks are going to be very successful” he is yet confirm who for. Escalation in US China trade war The Chinese  have responded and imposed their own tariffs on the US this week. The US have already threatened to further escalation adding tariffs on a further $300bln worth of Chinese goods. Due...
US China tariffs cause US Dollar to strengthen against the Pound

US China tariffs cause US Dollar to strengthen against the Pound

Tariffs on Chinese goods and the impact on the US Dollar At the end of last week the US once again imposed further tariffs on Chinese goods entering the US. US President Donald Trump increased the tariffs from 10% to 25% and it appears as though the US-China Trade Wars show little sign of ending soon. Trump has also claimed that he is in 'absolutely no rush' to finish the talks between the world's two leading economies. This could put pressure on China to retaliate with...
Trade Wars and Brexit Uncertainty Continue to Drive GBP/USD Exchange Rates

Trade Wars and Brexit Uncertainty Continue to Drive GBP/USD Exchange Rates

Sterling failed to make advancements against the US Dollar over the weekend, with GBP/USD exchange rates continuing to trade around 1.30. Whilst this key threshold continues to offer GBP some support, the Pound is clearly struggling to make any impression beyond this level under current market conditions. US impose further tariffs on Chinese goods The major talking points over recent days have centred around US President Donald Trump’s decision to impose further heavy tariffs on many Chinese goods. With many of the previous tariffs more than doubling, the...
UK GDP figures help solidify GBP/USD rates above 1.30

UK GDP figures help solidify GBP/USD rates above 1.30

Pound to US dollar rates have been strengthened after the publishing of improved UK GDP figures. UK GDP figures The latest set of UK Gross Domestic Product (GDP) figures made for positive reading, with the UK economy rebounding in the first quarter of 2019. Growth of 0.5% for the first three months of the year, showed a marked improvement from the previous figures, up from 0.2% in the last three quarters of 2018. This increase will of have come as a welcome relief for those clients with a...
Trade wars and Brexit to dictate pound to US dollar exchange rates

Pound to US dollar forecast: Trade wars and Brexit to dictate pound to US...

Pound to US dollar exchange rates has increased slighlty as the US and China look to impose fresh tariffs on each others goods. New trade tariffs imposed Breaking news broke overnight as the White House confirmed that they would be taxing another $200billion of goods that come from China. Reports are suggesting that there will be a 25% tariff on 5,700 different types of goods leaving Chinese ports and the new tariffs came into effect at 5am this morning. Furthermore, the Chinese have responded by stating...
US dollar improving against the pound

Pound to US dollar Forecast – US/China Trade War

Trump threatens increased tariffs on Chinese Goods In the last month it had looked as though trade tensions between China and the US had been easing with rumours circulating that the trade war could even be over by the end of May. However, Trump has made threats to the Chinese announcing his intentions on Twitter to more than double current tariffs on $250bn worth of Chinese goods and services tomorrow. Trump Tweeted the following: "The United States has been losing, for many years, 600 to 800 Billion...
Will the US dollar improve against the pound this week?

Volatility with dollar exchange rates this week

The pound has fallen against the US dollar since the start of the week after hitting a 4 week high to buy US dollars on Friday afternoon. The pound made gains across the board last week as it was rumoured that the cross-party Brexit talks were moving in the right direction, but since then the pound has started to suffer once again vs the US dollar. US inflation and interest Turning the focus back towards the US and the latest set of inflation data is due...
Pound to US dollar exchange rates: Will they rise or fall this week?

Pound to US dollar exchange rates: Will they rise or fall this week?

The pound has risen against the US dollar as investors become more hopeful of a breakthrough in the dialogue between the Labour and the Conservative Party over the EU Withdrawal Bill. GBP/USD exchange rate This optimism helped the GBP/USD exchange rate rise to over 1.31 last week and we are currently seeing the level remain at this attractive position as we await further news on which direction Brexit talks will lead. The optimism is however fragile at best since there is not a huge amount...
US dollar Forecast: US GDP data and the impact on pound vs dollar rates

Pound hits 4 week high against the US Dollar

The Pound has had a very strong end to the week vs the US Dollar after the dismal local election results for the Tories and the Labour party. The results have encouraged a number of senior Tory members to put pressure on the Tory party to progress the cross party talks in order to deliver a Brexit and Theresa May has been quoted as saying the public wanted to 'see the issue of Brexit resolved.' The rumours have increased over the weekend that the talks are...
Pound to dollar exchange rate remains range bound: Which way will it break?

Pound to dollar exchange rate remains range bound: Which way will it break?

Sterling exchange rates against the dollar have been just above and just below the 1.30 mark for a few weeks now, and it seems that the pairing is finding it hard to break out of this range. Politics in the UK does appear to be holding the pound back from making any vast improvements, however for those that have a currency exchange to carry out in the coming weeks it is important to be aware that should there be a breakthrough the pound could be...