Pound to US Dollar rate With fears of a US recession, will GBP/USD exchange rates fall below 1.20?

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

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...
Pound to US Dollar Outlook As Sterling weakens will GBPUSD break below 1.20?

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...
Pound to US Dollar rate GBPUSD exchange rate uncertainty owing to mixed US jobs report

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 US Dollar exchange rate Sterling vs US Dollar hits lowest level since October 2016

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...
Supreme Court to Decide Whether Proroguing of Parliament is Lawful

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...
US/China trade war escalates

Sterling Exchange Rates Rally ahead of Expected Theresa May Speech

The Pound has rallied higher today against nearly all of the major currencies with good gains against the US Dollar. Rates for GBP USD have touched 1.40 earlier today. The surge in Sterling has come about following yesterday’s government meeting at Chequers which supposedly found unity within the government on its approach to the upcoming Brexit trade negotiations. Reports are suggesting a slightly softer Brexit with no customs union which the markets are taking positively and has helped lift sterling. More will be offered next...
Supreme Court to Decide Whether Proroguing of Parliament is Lawful

Pound makes gains against the Euro and the US Dollar but how long will...

The Pound made some gains yesterday after much better than expected UK Services Sector data which showed a rise to 54 compared to the previous month which was 52.8. This has given rise to a hint that interest rate rises may be discussed again but until we have a flurry of good economic data I do not foresee a rate hike coming in the near future for the UK. The Pound is now trading above 1.14 against the Euro and also 1.34 against the US Dollar...
Pound to US Dollar exchange rate USD slides against other 'safe haven' currencies as US China trade war continues

Busy day for US economic data could send GBP/USD lower

Despite being a very quiet week for UK related economic data, the Pound could still fluctuate against the USD today owing to the high volume of economic data due out of the US today. The economy in the US is heating up and this has been reflected within the aggressive monetary policy adopted by the Fed Reserve Bank. The increasing interest rates in the US has resulted in a stronger US Dollar, much to the annoyance of US President Donald Trump who has recently commented...