Pound to Dollar Rate Bounces Off One-month Low

GBP/USD rates: Best time to buy US dollars in 2 months

The pound to us dollar rate has risen during the course of this week. It is now the best time to buy US dollars in the last two months, as it appears as though US interest rates may not be going up as quickly as the markets had previously expected. Brexit positivity provides a boost for sterling exchange rates Talks between the Conservatives and the Labour party concerning Brexit appeared to be getting somewhere and this managed to provide the pound with a boost against a...
Pound to Dollar Rates: No-Deal Nerves Intensify for Pound

Pound to US Dollar forecast: Best time to sell US Dollars for Pounds in...

Best time to buy Sterling with US Dollars Pound to US dollar exchange rates are at the best time to sell the US dollar all year. The pound has weakened against the greenback on Brexit uncertainties, as investors remain nervous about which direction Brexit taking. The US dollar is also stronger as it appears the euro will remain weak, which has pushed EUR/USD lower. Investors abandoning Euro A key factor often on GBP/USD exchange rates is the behaviour on the EUR/USD pairing, as investors seek to abandon...
Pound to Euro Rate Pauses Ahead of Economic Data Releases

Pound Sterling Forecast – Will the Pound Continue to Rise?

The end of last week saw the pound sterling forecast rising with fresh three-week highs seen for the pound to euro exchange rate, plus for the pound to US dollar exchange rate. GBPEUR interbank rates rose to a fresh high of 1.1185, whilst GBPUSD interbank rates reached 1.2658. The reasons for this spike were mixed with a continuation of the recent optimism for the pound helping to fuel pound strength. Two of the key reasons that can be considered would be the positivity from the...
Pound to Dollar Rate Recovers Losses

Pound to Dollar Forecast: GBP to USD Rate Plunges to Lowest Level For 35...

Pound Falls for Seventh Consecutive Day The financial impact of the coronavirus outbreak is sending shockwaves throughout the global economy. So much so that the pound to US dollar rate plunged to its lowest level since 1985 yesterday, after seven consecutive days of declines. The pound, which dipped below the €1.15 benchmark this morning, began its descent last week when the Bank of England (BoE) cut interest rates to a record low in a bid to prop up the economy. Since then, investors have been favouring...
Pound to Dollar Rate Recovers Losses

Pound to US dollar outlook – Will Coronavirus cause GBPUSD levels rise to fall...

The pound to US dollar has seen excessive volatility at the hands of the Coronavirus, as financial markets grapple with the sudden shifts in the outlook for the global economy and a series of groundbreaking policy decisions by central bank. The US Federal Reserve breathed more life into the US economy by announcing ‘unlimited QE’ yesterday, triggering some strong selling and then buying moves. It is as if on one hand the FX markets greatly back the ‘whatever it takes’ approach by central bankers, but...
GBPEUR Gains After Weaker German Retail Sales

Pound Sterling Forecast

Many believe that Sterling could be in for a rough year considering the current circumstances. HSBC for example have a very pessimistic outlook predicting significant falls against the euro. HSBC - "Outlook for GBP is not Promising" HSBC have told clients of their commercial and investment banking unit that 2021 will likely see the pound continue to struggle. In a regular monthly foreign exchange forecast briefing note, HSBC analysts say "the outlook for GBP is not promising, in our view, given the broader underlying flow dynamics." "We find...
Pound to Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

Pound Sterling Forecast: When Will We Get a Brexit Deal and What Will Happen...

The pound to euro rate has been testing fresh highs of the week, knocking on the door of the 1.11’s, hitting 1.1128 at it’s peak on Friday. The pound has been very sensitive to any news on Brexit with fresh uncertainty or optimism being a real trigger. This week had seen Barnier in the UK for more trade talks with Bloomberg reporting a deal was being lined up for early November, hence the recent strength for the pound. However, the pound has dipped against the...
GBPEUR Reverses After German Employment Data

Pound to Euro Forecast – Crucial Week for Brexit Negotiations

The pound to euro exchange rate faces added pressure this week as Brexit discussions continue in the third week of 'intensive' negotiations between the UK and EU, now being carried out face to face. Boris Johnson last week showed some optimism that he hoped a deal could be reached in July. At the same time however German Chancellor Angela Merkel has started preparing for a no deal Brexit after the British Prime Minister said he was ready to walk away from the negotiations. Michael...
Pound to Euro Falls as Further COVID Restrictions Announced

Will Pound to Euro Fall to 1.02 in Coming Weeks?

With so many now betting against the pound, the question seems to be how much will the pound fall by, rather than if the pound will fall. Whilst the pound received some welcomed support last week, many still expect pound to euro and pound to dollar to target much lower levels over the coming weeks. Karen Jones, Head of Technical Analysis for currencies, commodities and bonds and Commerzbank thinks pound to euro will target 1.1037 shortly, and technical analyst colleague Axel Rudolph is looking for...
Pound to euro Awaits ECB Rate Decision for the Next Path

Pound to Euro: When Will Sterling Fall?

The pound found some support last week following losses of 2.5 percent against most major currencies in the week before. The pound to euro and pound to dollar rate remained largely rangebound throughout with both currency pairs closing the week at similar rates to where they began. Following the Bank Holiday weekend, this week will be a short one, and sterling has started the day slightly higher with pound to euro trading at 1.1211 and pound to dollar trading at 1.2262. However, despite some respite for...