Sajid Javid’s Shock Resignation Sends GBP to USD Rate Higher

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 Dollar forecast: Sterling continues to decline against the US Dollar

Flash crash sinks Pound to US Dollar rates

Pound to US dollar rates suffered the effects of increasing uncertainty in financial markets as GBP/USD surged into the 1.24's on safe haven fears. The move came overnight as auto-trades were triggered by a slump in global confidence. The news on financial markets has been shaky to say the least as we enter 2019 with the growing threat of worsening trade wars, political uncertainties and a growing chance of a financial crisis. Stock markets globally have been lower and it might have been some particularly bad...
Pound to Dollar: GBP Holds Against USD After Positive PMI Figures Released

GBP/USD Forecast: Will GBP/USD exchange rates remain over 1.30?

GBP/USD exchange rates have risen above 1.30 this week following renewed optimism that there will be some kind of deal agreed on Brexit soon. The expectation for the pound ahead is of course volatility but the growing expectation for more positive, or less negative news, has helped the currency to strengthen. Continued turmoil in the main political parties has also triggered volatility as investors await further news on what lies ahead. With the recent Labour and Conservative party deserters, investors are having to deal with...
GBP to USD rate rises after US Federal Reserve slashes interest rates

GBP to USD exchange rates ahead of EU Summit

The pound to dollar exchange rate has slipped lower as events continue to unfold over Brexit ahead of the EU summit in Brussels today before Friday 12th April, the date at which Britain will leave the EU if an extension is not granted. Rates for GBP to USD have fallen to below 1.31 as the markets wait for a decision from this important emergency Brexit summit. UK Prime Minster Theresa May met with her French counterpart Emanuel Macron yesterday to discuss the draft proposal that...
US Dollar Exchange Rate Forecast: USD Remains Pressured by Fed Rate Cut Expectations

Pound to US dollar forecast: Best time in 4 months to sell USD for...

The pound to US dollar rate has dropped following a stronger dollar being able to capitalise on the weakness of sterling. Why is the pound to US dollar rate so weak? It is of no surprise why the pound has been so weak, following a very tough time after the European elections. The US dollar however has been a little tougher to assess since the trade wars have broken down and on the face of it, many might expect the US dollar to be losing value. Ultimately,...
Pound to Dollar Forecast: GBP to USD Rate Edges Lower

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...
What Topics Could Impact the Pound Next

Pound to US Dollar Forecast: Supreme Court to Decide Whether Proroguing of Parliament is...

US producer price data helps boost US dollar The pound to US dollar exchange rate moved marginally lower yesterday after better than expected US producer price data unexpectedly rose higher helping boost the US dollar. Rates for GBP to USD have slipped marginally lower to 1.2330 but remain at the elevated levels following recent Brexit developments in the UK. Will the US Reserve cut interest rates next week? The US Federal Reserve next meet 17th-18th September where it is widely expected that the Fed will cut interest...
Pound to US Dollar forecast Brexit continues to subdue business confidence in the UK

Pound to US Dollar forecast: Brexit continues to subdue business confidence in the UK

Could history be about to repeat itself? The pound certainly seems to think so, after the prospect of another hung Parliament – to match the 2017 election result – caused the GBP/USD interbank rate to slip below 1.29 on Monday, for the first time since the end of October. However, the pair received some much-needed respite from the omnipresent threat of political uncertainty yesterday morning, courtesy of positive data readings: figures from the British Retail Consortium and KPMG showed that UK retail sales ticked...
Pound to US Dollar forecast Is Sterling going to continue to strengthen against the US Dollar?

GBP to USD Rate Slightly up as US President Donald Trump Is Impeached

The sterling vs US dollar interbank exchange rate stands at 1.3113 today. This is virtually unchanged from yesterday’s 1.3116. It’s also -2.93% below the pound’s recent 19-month high against the greenback, its strongest since March 18th 2018, reached last Thursday 12th, at 1.3509. The pound has weakened against the buck in the last week, because UK Prime Minister (PM) Boris Johnson has announced that he’ll legislate to prohibit the UK’s Brexit transition period being extended beyond the end of 2020. PM Johnson intends to show...
Upbeat UK Data Pulls GBP out of Weakness but USD Performs on Top

Pound to Dollar Review: GBP to USD Rate Supported by Encouraging Data

Rising odds of a Bank of England (BoE) interest rate cut this month, and downbeat comments from the Sajid Javid, combined to drag the pound to US dollar rate below 1.30 on Monday morning. The UK Chancellor raised fears of a hard Brexit by warning business that "there will not be alignment" with the EU after Brexit and insisting firms must "adjust" to new regulations. The UK economy received a ray of light on Tuesday, following a run of concerning data releases the previous...