Pound to US Dollar forecast Will Brexit happen this month and the impact on GBPUSD exchange rates?

Pound to US Dollar forecast: Will Brexit happen this month and the impact on...

Will Brexit end this month? The pound to US dollar exchange has once again been failing to make any headway as the Brexit negotiations appear to be grinding to a halt. Boris Johnson has claimed that the EU has made any deal 'impossible' and we are now just 3 weeks away from when the UK are due to be leaving the European Union. According to reports from the continent Johnson has until Friday to come up with an alternative arrangement and time is clearly running...
Pound to US Dollar exchange forecast: Fed hints at Monetary Policy Change

Pound to US Dollar forecast: Fed hints at Monetary Policy Change

Are we set for further rate cuts and potentially QE? Tonight, we will witness the latest FOMC (Federal Open Market Committee) Minutes, from the Federal Reserve. The Fed been in the spotlight for their future monetary policy plans, following an interest rate cut in September. This is quite a change from last year which saw several hikes from the FED a potential further hikes during this year. The change in monetary policy momentum can be attributed to global economic uncertainty, the key catalyst being the ongoing US/China trade...
Pound to US dollar forecast Sterling weakens as Brexit enters crucial week, will GBPUSD exchange rates fall further?

Pound to US dollar forecast: Sterling weakens as Brexit enters crucial week, will GBP/USD...

The pound to US dollar exchange rate began the day on the backfoot once again. GBP/USD rates saw a move below 1.23 on the interbank for the first time since 3rd October and lower than its recent highs (1.2413) at 1.2219 at the time of writing. PM Boris Johnson defeated in latest court battle as No deal Brexit threat weighs heavily on Sterling Boris Johnson’s latest court battle has failed to offer any certainty on a conclusion to Brexit this month, as a Scottish judge has...
Sterling reaches 11 week high against the US Dollar

Pound to US Dollar exchange rate outlook: Non-Farm Payroll the focus ahead

Is the US economy in decline? Pound to US dollar exchange rates have slipped below the more recent highs of 1.2579 seen on the 20th September, as investors brace themselves for further developments on Brexit and also try to better understand the direction of the US economy. Today is the key US NFPR (Non-Farm Payroll) data release, which can be a market mover owing to the lack of clarity about what the final numbers can be. Sterling has been in the focus this week with the...
Pound to US Dollar rate continues to struggle for direction, could Boris Johnson's new Brexit plan change this?

Pound to US Dollar rate continues to struggle for direction, could Boris Johnson’s new...

PM to present latest Brexit proposals to Parliament The pound to US dollar exchange rate is currently trading just below 1.23 according to mid-market levels this morning, as Sterling exchange rates across the board are trending lower so far this morning. We could be in for a busy end to the week as this morning at 9.30am Services PMI will be released for the month of September which will confirm whether the hopes of a slight improvement in the important sector for the UK will come...
Pound to US dollar forecast Sterling weakens as Brexit enters crucial week, will GBPUSD exchange rates fall further?

Pound to US Dollar exchange Forecast: How could US economic data released this week...

Will the US Fed cut interest rates? Today we will see the release of Manufacturing Purchase Manager Index (PMI) data. Then tomorrow we will witness non-Manufacturing data and the very difficult to predict Non-farm pay roll to finish the week on Friday. On Friday we will also see US Fed chairman, Jerome Powell’s speech, this has the potential to cause volatility as we could hear hints to any future monetary policy change. US President Donald Trump has previously made it very clear that he expects rates to be cut down far below the...
Pound to US Dollar exchange rate What to expect this month for GBP/USD rates in lead up to Brexit date

Pound to US Dollar exchange rate: What to expect this month for GBP/USD rates...

GBP/USD rates expected to be volatile in lead up to Brexit deadline The pound to US dollar exchange rate should expect volatility throughout the month of October as the Brexit negotiations draw to a close. On the 17th and 18th October UK Prime Minister Boris Johnson will meet the leaders of the other 27 countries in the bloc, to thrash out the final deal. The EU to date has made it clear that Boris Johnson's plans which will remove the Irish backstop were unacceptable. The Irish...
Pound to US Dollar outlook Could GBPUSD levels slip below 1.20 again?

Pound to US Dollar outlook: Could GBP/USD levels slip below 1.20 again?

The pound to US dollar exchange rate is currently trading at 1.2326 on the interbank rate having been triggered by various global elements, for sterling we have seen some very interesting political developments on Brexit and for the US dollar we have seen continued interest in the likelihood or not of further interest rate cuts. Sterling retreats against the US Dollar after Supreme Court decision Sterling had been testing 2-month highs against the US dollar, as investors believe that the UK would find a path to...
Pound to US Dollar forecast Could there be further interest rate cuts from the US Federal Reserve and how could this affect GBPUSD rates?

Pound to US Dollar forecast: Could there be further interest rate cuts from the...

Trump continues to pressure US Federal Reserve to cut interest rates The pound to US dollar exchange rate last week saw the cost of buying US dollar fall to the lowest level since the beginning of July. This was following the Federal Reserve (Fed) decision to cut interest rates. They were cut by 0.25% and the Fed went on to signal that further cuts could be made if the economy starts to slow down. President Trump has been an advocate of interest rate cuts as he would...
Pound to US Dollar rate Sterling hits two month high against US dollar, could there be further gains?

Pound to US Dollar rate: Sterling hits two month high against US Dollar, could...

Positive news from Brexit negotiations helps Pound hit a 2 month high against the US Dollar The pound to US dollar exchange rate has seen volatility this last week. Today the GBP/USD interbank rate reached a high of 1.2582, its strongest since July 5th, or 11 weeks. In part, this is because there have been lots of reports of progress in the Brexit negotiations. These include renewed optimism on the part of European Commission (EC) President Jean-Claude Juncker, and confirmation that the UK has sent...