Pound to US Dollar exchange rate forecast Dollar hits 27 month highs against Sterling

Pound to US Dollar exchange rate forecast: Dollar hits 27 month highs against Sterling

US Dollar reaches 27 month highs against Sterling The US dollar has strengthened against the pound of late due to several contributing factors. The Trump administration is waging trade wars on multiple fronts and usually you would expect the country currencies involved to weaken as a result. This is not happening in the US. US Dollar benefitting from US China trade war As global economic uncertainty increases investors are looking to put their money into US dollar safe haven investments. The US dollar is considered a safe...
Pound to US Dollar forecast Will Sterling continue its decline against the USD?

Pound to US Dollar forecast: Will Sterling continue its decline against the USD?

For clients that are selling US dollars to buy sterling, current exchange rates are fantastic in comparison to the last 10 years. As its been heavily documented in recent articles, the pound to US dollar rate continues to devalue due to the ongoing Brexit saga and only up until the last couple of months, the US Federal reserve have been hiking interest rates which has strengthened the greenback. Brexit is an issue that is not going away: EU still unwilling to renegotiate Brexit deal Looking...
Pound to US Dollar rate Interest rate cut from the US Federal Reserve Bank will GBP/USD rates recover from its current lows?

Pound to US Dollar rate: Interest rate cut from the US Federal Reserve Bank,...

After the recent period of weakness sterling exchange rates remain towards the bottom end of their recent trading ranges, with the pound to US dollar figure trading just 20 pips from its annual low at the time of writing in the 1.24's. The pound has got off to a weak start this morning and it's fallen by almost 0.50% already this morning, as markets await Employment data which is set for release this morning. Pound to US Dollar: How will a likely interest rate cut affect...
Pound to US dollar forecast Dollar close to a 2 year high vs Sterling

Pound to US dollar forecast: Dollar close to a 2-year high vs Sterling

Weak Sterling pushes US Dollar rates to near 2 year highs against the Pound The pound to US dollar exchange rate is now trading at close to a 2-year low. Sterling appears to be under an enormous amount of pressure caused by the uncertainty of Brexit as well as the current leadership election. Conservative leadership contest: Boris likely to take no.10 We are just a week away from finding out who the next British Prime Minister will be and the likelihood is that we'll see Boris...
Pound to US Dollar exchange rate Weekly round up and what to expect next week for the GBPUSD currency pair?

Pound to US Dollar exchange rate: Weekly round up and what to expect next...

Pound to US Dollar: What happened this week to influence exchange rates? It's been a fairly quiet week for pound to US dollar exchange rates, with the mid market levels fluctuating just over 1 cent. The main talking points was, Fed Chair Jerome giving a fairly dovish speech which heightens the expectation of an interest rate cut later in the month, UK GDP for may being released at 0.3%, US inflation falling to 1.6% however monthly inflation showed a slight improvement and the TV debate...
Pound rises back above 1.25 level against the Dollar Will the Federal Reserve cut interest rates?

Pound rises back above 1.25 exchange rate against the Dollar: Will the Federal Reserve...

What has influenced the Pound to bounce back against the US Dollar? The pound to US dollar exchange rate has bounced back from a two year low in the past 24 hours, as UK growth figures showed a slight gain to 0.3% and Chairman of the Federal Reserve Jerome Powell had also suggested a slightly gloomy outlook for the US economy in the coming months, which has opened up speculation of an interest rate cut looming. Jerome Powell cited that trade tensions (trade wars with China)...
Pound to US Dollar forecast Best time in 2 years to sell US Dollars for Pounds

Pound to US Dollar forecast: Best time in 2 years to sell US Dollars...

Pound to US Dollar exchange rate: Investors back the US Dollar The US dollar has been in the ascendancy lately, as investors back the currency against all others. This is especially true of the US dollar against sterling, as the British currency suffers under Brexit uncertainties. GBP/USD levels had dipped into the 1.25’s but have staged a late recovery back over 1.25 in the day, as Jerome Powell, the US Federal Reserve Chairman, lines up the possibility of further interest rate cuts. GBP/USD levels still...
Pound to US Dollar rates influenced by political uncertainty in the UK

Pound to US Dollar rates influenced by political uncertainty in the UK

Will the US Federal Reserve cut interest rates soon? At the start of 2019 the currency markets had expected to see a number of interest rate hikes in the US. However, in recent months expectations have changed. The US Federal Reserve have hinted that they may be getting ready to change monetary policy. Later today US Fed Chair Jerome Powell will be speaking ahead of the next meeting due to take place on 31st July. If he suggests that an interest rate cut may be coming...
Will the Pound to US Dollar rate hit an annual low this month?

Will the Pound to US Dollar rate hit an annual low this month?

The US Dollar rallied on Friday after the closely watched Non-Farm Payroll and Unemployment figures impressed, much to the delight of US Dollar bulls. There has been some downward pressure on the US Dollar recently after markets began to plan ahead for interest rate cuts from the Federal Reserve Bank this year. Despite many market commentators still expecting to see a 25 basis point cut at the end of this month, there are now less cuts expected throughout the year which is why the greenback...
Pound vs Dollar: Non-Farm Payroll to take centre stage today - potential volatility for the US Dollar

Pound vs Dollar: Non-Farm Payroll to take centre stage today – potential volatility for...

The US Dollar has gone from strength to strength as the economy has continued to perform well, and this has left the Pound to US Dollar trading within a cent from the best levels of the year for much of this week. How could Non-Farm Payroll figures affect the US Dollar Today's economic data releases could impact the Dollar's value moving forward though, as this afternoon the US jobs market will be evaluated as both Unemployment data and Non-Farm Payrolls will be released and these releases...