Pound to US Dollar exchange rates a slight boost for the Pound vs the US Dollar

Pound to US Dollar exchange rates: A slight boost for the Pound vs the...

Could an extension to Article50 strengthen the pound? Over the last 4 weeks the pound to US dollar exchange rates have increased due to the political events in Parliament. We learnt last night that the UK public could be back at the polling stations as MPs voted for the 2nd time against a snap general election. In addition, this week the bill to gain an extension to Article50 gained Royal assent, therefore the chances of the UK crashing out of the EU on the 31st...
Pound to US Dollar rate GBPUSD exchange rate uncertainty owing to mixed US jobs report

Pound to US Dollar rate: GBP/USD exchange rate uncertainty owing to mixed US jobs...

Mixed US Dollar news causes GBP/USD rates to move The US dollar has been trading at close to a 3 year high recently against the pound. However, as a no deal Brexit appears less likely this has helped the pound to recover against the US dollar. Indeed, after hitting a recent low of 1.1958 the pound to US dollar exchange rates then moved upwards past 1.23 during Friday afternoon's trading session. On Friday afternoon the US posted less expected new jobs with the latest US...
Pound to US Dollar forecast Could the GBPUSD rate fall below 1.20 again?

Pound to US Dollar forecast: Could the GBP/USD rate fall below 1.20 again?

GBP to USD exchange rate rise on optimism of a Brexit extension The pound to US dollar exchange rate has risen this week, after touching lows of 1.1967 on the interbank rate on the 3rd, only to soar to 1.2347 by the same measure. This jump is a reflection of various issues including renewed optimism of a Brexit extension, and concerns the US central bank, the Federal Reserve, will need to cut interest rates in the future. The US currency has been rising in value in...
Pound to US Dollar exchange rate supported after Gridlock in UK Parliament

Pound to US Dollar exchange rate supported after Gridlock in UK Parliament

Pound finds support above the 1.20 benchmark against the US Dollar following more Brexit chaos The pound to US dollar exchange rate has rallied higher to above 1.2150 for the GBP/USD pair as Brexit tensions reach boiling point in the House of Commons. With 57 days to go to the 31st October 2019 deadline the stakes are high after UK Prime minister Boris Johnson lost his first parliamentary vote last night by 328 to 301 votes. 21 Conservative rebels voted against the government despite having...
Pound to US Dollar exchange rate Sterling vs US Dollar hits lowest level since October 2016

Pound to US Dollar exchange rate: Sterling vs US Dollar hits lowest level since...

Political uncertainty causes Pound to fall vs the US Dollar The pound to US dollar exchange rate has fallen once again to below 1.20 after fresh fears over Brexit. There is now less than two months to go before the Brexit deadline and we face the threat of a general election being called in the short term. The pound to US dollar rate is now trading at its lowest level since October 2016 which is good news for anyone looking to sell US dollars to buy...
GBP/USD exchange rates edge lower due to UK economic data and US border security deal

Pound to US Dollar rate: What will impact GBP to USD exchange rates this...

Volatility expected for GBP/USD rates as UK Parliament returns from summer break this week The pound to US dollar exchange rate has remained range-bound as of late. Now that MPs have returned to Parliament from there summer breaks, Prime Minister Boris Johnson has issued a stark warning. The Prime Minister has made it clear that if a Conservative MP votes against him in a bid to block a no-deal Brexit this week, then they will be banned from running at the next election. Reports are...
Pound to US Dollar forecast How will the Brexit negotiations affect GBPUSD exchange rates?

Pound to US Dollar forecast: How will the Brexit negotiations affect GBP/USD exchange rates?

Brexit and trade wars cause GBP/USD volatility Pound to US dollar exchange rates have been volatile on the continued uncertainty in the currency market that relates to Brexit and the Trade Wars. These two events have seen excessive volatility in the currency market, as the markets scrambles to make sense of the latest news. This week saw Boris Johnson proroguing parliament, which caused the pound to initially drop but it has since recovered. Expectations are for the uncertainty relating to continue, with next week's reconvening of...
Pound to Dollar forecast UK Parliament to be prorogued as Queen grants suspension

Pound to Dollar forecast: UK Parliament to be prorogued as the Queen grants suspension

The Queen grants Boris Johnson's request to suspend parliament: How have Pound to US Dollar rates been affected? The pound to US dollar exchange rate is seeing another wave of volatility after UK Prime Minister Boris Johnson confirmed he will prorogue parliament from 9th September until 14th September. In a move that has infuriated those that wish to remain in the European Union the decision is aimed to stop those MP’s plotting to legislate against the government to stop a no deal Brexit from happening....
Pound to US Dollar exchange rate breaks 1.24 for the first time in 7-weeks

Pound to US Dollar forecast: Is Sterling going to continue to strengthen against the...

US Dollar falls slightly against the Pound on positive Brexit news Clients selling US dollars to buy pounds have been experiencing fantastic levels in recent weeks. Take away a couple of months over the last 3 years, the levels we have been experiencing recently are the best levels to sell US dollars in 3 decades. However the pound to US dollar exchange rate has risen slightly over the last 2 weeks due to positive news from the Brexit negotiations. UK Prime Minister has had positive...
Pound to US Dollar outlook Fed Minutes leave unanswered questions on US Dollar rates

Pound to US Dollar outlook: Fed Minutes leave unanswered questions on US Dollar rates

Last night, the US Federal Reserve released their latest interest rate decision with a mixture of opinions highlighting the potential for uncertainty ahead. The US central bank is currently in a mixed pattern with financial markets eager to understand whether there will be more interest rate cuts ahead. How could this play out for GBP/USD to exchange rates? Pound to US Dollar exchange rate continues volatility as Brexit news emerges The GBP/USD interbank level has seen dramatic movement between highs and the lows in the last...