Partial Government Shutdown continues to impact the value of USD

Partial Government Shutdown continues to impact the value of USD

Trump's obsession with border wall is hurting the Dollar The current US Government shutdown is set to become the longest in history, the partial shutdown has now been going for 20 days. Trump is adamant that he will receive funding for the Mexican border wall despite his mid-term election losses. The democrats now have control of the House of Representatives and they have sated they will not give the go ahead to Trump's wall. Trump walked into a meeting on Wednesday with Democrats and when he...
US Shutdown continues, to the detriment of the US dollar against the pound

US Shutdown continues, to the detriment of the US dollar against the pound

The pound has been making some positive moves vs the US dollar since the turn of the year as the US shutdown continues in to its 19th day. So far President Donald Trump has asked for $5.7bn in order to build his wall between the US and Mexico, which was part of his election pledge but this has been denied by the Democrats who rule over the House of Representatives, and they will not budge on their decision. In a meeting yesterday Trump stormed out after...
Pound to Dollar forecast: How will GBP fair against the USD during 2019?

Pound to Dollar forecast: How will GBP fair against the USD?

Pound to Dollar rates remain marooned under 1.30, with the US Dollar continuing to find plenty of support under this threshold. The Pound did manage to claw back some ground last week, moving back above 1.27 but has failed to make further inroads ahead of next week’s key Brexit vote. Movement this week on GBP/USD has been minimal, with investors seemingly waiting on the outcome of Tuesday’s vote, before making their next decisive move. Pound to Dollar forecast: Expect increased GBP/USD volatility next week Whilst the current feeling...
GBP/USD Forecast: Will the pound lose more ground against the US dollar?

GBP/USD Forecast: Will the pound lose more ground against the US dollar?

The pound has entered 2019 on a weaker footing owing to Brexit uncertainties, compared to some of the higher levels achieved against the greenback in 2018. Movements in 2019 has been mainly dictated by the US dollar, as the currency markets try to gauge the outlook and likelihood of further economic uncertainty in the United States. The tensions inherent in the US and global economy were highlighted last week when the mini 'flash-crash' triggered a strengthening of the US dollar. This move, likely triggered by...
Pound to Dollar Exchange Rates in Run Up to Brexit Meaningful Vote

Pound to Dollar Exchange Rates in Run Up to Brexit Meaningful Vote

Pound to dollar exchange rates should be set for a volatile fortnight as Brexit now moves into the final stages after Parliament has returned from the Christmas recess. The meaningful vote which was supposed to take place before Christmas is now scheduled to be held 15th January. The withdrawal agreement and Brexit deal will be debated in the House of Commons this week leaving a short but very uncertain period for the pound before new direction is provided whichever way the vote goes. Irish...
Is the US Dollar set for a tough run in 2019?

Is the US Dollar set for a tough run in 2019?

Sterling has made further inroads against the USD this morning, following on from yesterday’s positive gains. GBP/USD rates have moved to a morning high of 1.2671, with the Pound trading a cent and a half higher than it was at this time yesterday. The USD saw a sharp selloff yesterday following Apple Inc.’s warning that weak Chinese sales were going to negatively impact their Q1 turnover this year. The Dollar’s drop in value was also heightened due to thinner trading conditions on Wednesday, as the...
Flash crash sinks Pound to US Dollar rates

Flash crash sinks Pound to US Dollar rates

Pound to US dollar rates suffered the effects of increasing uncertainty in financial markets as GBP/USD surged into the 1.24's on safe haven fears. The move came overnight as auto-trades were triggered by a slump in global confidence. The news on financial markets has been shaky to say the least as we enter 2019 with the growing threat of worsening trade wars, political uncertainties and a growing chance of a financial crisis. Stock markets globally have been lower and it might have been some particularly bad...
Pound to US Dollar Trades Lower on Brexit Uncertainty

Pound to US Dollar Trades Lower on Brexit Uncertainty

The pound to dollar exchange rate is set for a volatile few months as we start 2019, with the final Brexit withdrawal date approaching. There is a growing chance that a no deal scenario could emerge which is one of the reasons the pound is trading at these lower levels. Rates for GBP vs USD are sitting at 1.27 for the pair. There are some important dates approaching in January and any political developments over Brexit will inevitably be the main driver for sterling exchange...
Trump consistently creating US Dollar volatility

Trump consistently creating US Dollar volatility

Trump causes partial Government Shutdown The US Dollar has still been performing of late, despite recent press that could be deemed detrimental to the US economy, in particular the partial US Government shut down. Terms were not agreed on the Budget and President Trump is particularly not happy he has not received funding for his border wall. This has resulted in a partial Government shut down which will cause a hit to the US economy. Trump has also made headlines due to a range of policy decisions...
Trump and Brexit stealing the headlines

Trump and Brexit stealing the headlines

So far this week the pound has recovered slightly against the US dollar, however I am putting this down to US dollar weakness over sterling strength. Earlier in the week President Donald Trump was trying to convince the Federal Reserve to leave interest rates on hold, however on Wednesday night the Fed decided to hike interest rates further by 0.25%. Furthermore, following the hike the Fed provided a fairly dovish statement which insinuated that the cycle of interest rates hikes could be slowed throughout 2019....