Pound vs dollar - Why is the pound plummeting against the US dollar

Pound vs dollar – Why is the pound plummeting vs the US dollar?

Brexit news is impacting pound vs dollar rates It's been another tricky weekend for the UK Prime Minister Theresa May as she was told by the EU that her 'backstop' Brexit plan is unacceptable. The major sticking point is the UK's ability to leave any temporary customs arrangement on demand. The UK believes with notice they should be able to terminate the backstop agreement, whereas the EU want there to be a joint review mechanism, which would therefore mean the EU would have to agree...
US Dollar weakness - Midterm results could cause

US Midterm results could cause US Dollar weakness

The recent US midterm results will come as a blow to Donald Trump despite his response to the press. The Republicans lost control of the House of Representatives to the Democrats and this will give them the ability to severely limit any new legislation being passed. The Republicans formerly had power over the senate and the House of Representatives. Another concern for the Republicans is that the Democrats will now have control of the Intelligence Committee, this will enable them to probe deeper into allegations...
Pound to US Dollar Rates and the impact of the Mid-terms elections

Pound to US Dollar rates and the impact of the Mid-terms elections

The Pound to US Dollar rate has been rising recently, hitting the best rate to buy US Dollars with Pounds in three weeks. Mid-term elections outcome causing US Dollar weakness The Mid-term elections saw Donald Trump have some mixed success by winning the Senate but losing control of over the House of Representatives. This effectively means Donald Trump will not be able to assert as much control over policy as he had previously planned. It also means that some of his election pledges may not be...
US dollar weakness on Mid-term election uncertainties

US dollar weakness on Mid-term election uncertainties

The US dollar has weakened today following the results of the US Mid-term election. The Democratic Party won in the House of Representatives but suffered some losses in the Senate. The net impact from this is that Donald Trump will not be able to pass legislation as easily as he would have previously. One of the reasons for the strength of the US dollar in the last couple of years has been the expectation that President Trump's policies will fuel further economic growth, and lead...
Pound to us dollar forecast

Pound to US dollar forecast: Sterling Strength vs US dollar ahead of US Midterm...

Pound to dollar forecast: GBP/USD set for volatile week The US dollar is set for a volatile week with the US midterm elections taking place today. The midterm elections will help dictate future US Government policy in the Trump era. Political uncertainty is a major driver for dollar exchange rates and depending on how many seats the Democrats win or lose could make life trickier for the Trump administration to pursue a number of policies he has pledged. Any major surprises could see considerable volatility...
Pound to US dollar forecast: Mid-term election

Pound to US Dollar forecast: US Mid-term elections to affect the GBP/USD rate?

There is a busy week scheduled for US dollar news this week which could see some major swings for the cable rate (pound to US dollar exchange rate). Will the Mid-term elections affect the pound to US dollar rate? On Tuesday the Mid-term elections will take place and this marks 2 years since the inauguration of US President Donald Trump. They are often billed as an approval rate on the President as their term passes the half way mark, and they consist of the combination of...
Could we see further USD strength against GBP with progress on trade wars?

Could we see USD strength against GBP with progress on trade wars?

The US dollar has continued to strengthen against the pound, causing GBP/USD exchange rates to hit their lowest level to buy US dollars with pounds since June 2017. GBP/USD forecast The US dollar has gone from strength to strength and continued with its impressive economic data, and has seen the benefit of both political and economic concerns across the globe. Indeed, in the last month the GBP/USD exchange rate has dropped by 4 cents, or the difference of £4,800 on a currency transfer of $200,000. Yesterday afternoon,...
GBP USD Loses Support above 1.30

GBP USD Loses Support above 1.30

The pound has slipped lower in value against the US dollar with rates now trading at 1.2815, after support was recently lost above 1.30 for the GBP USD pair. Brexit has dominated the headlines over the last couple of weeks which has resulted in the pound losing ground against most of the major currencies. Although a no deal Brexit is undesirable for all sides there is still a real risk of such an outcome, which is keeping pressure on sterling exchange rates. UK Prime Minister...
US - Russia tensions benefit the Dollar

US – Russia tensions benefit the Dollar

US and Russian tensions continue to grow due to President Trump threatening to pull out of the intermediate range nuclear forces treaty, which was put in place in 1987 as the cold war came to an end. Russia has responded saying it would be forced "to take measures" if the US began to develop new missile systems. Donald Trump has used the fact that Russia tested a banned cruise missile in recent years as justification. US Dollar strength - Flight to safety This has caused US...
Pound vs US Dollar exchange rate drop

Pound under pressure vs the US dollar as Brexit talks stall

GBP/USD Forecast: Pound Sterling has come under pressure once again vs the US dollar after last week's EU Summit did little to support the pound. The summit had promised to deliver progress prior to the meeting but little happened last week which caused the pound to fall as no positive news came out. Since April, the pound has fallen by over 10 cents vs the US dollar which is a difference of £9,200 on a currency transfer of USD$100,000. This highlights the importance of making sure...