Pound to dollar forecast: Best rates to sell US dollars for pounds in 2 months

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...
Flash crash sinks Pound to US Dollar rates

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...
GBP to USD exchange rates ahead of EU Summit

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/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...
Pound to US dollar forecast: an important week for UK Prime Minister Theresa May

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...
US China trade war benefits the US dollar

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...
US/China trade war escalates

Escalating Trade War with China Putting Pressure on the USD

The USD has seen its value weaken against Sterling of late, with the markets seemingly becoming concerned about the escalating trade war between the US & China. President Donald Trump has been steadfast in his commitment to heavily levee Chinese exports to the US, with multiple tariffs being introduced on a variety of Chinese products. China has retaliated with tariffs of their own and whilst it was the Chinese economy that initially seemed to be the worst affected by this escalating trade stand-off, it now...
Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

Pound to Dollar forecast: Spain could veto Brexit Deal

Pound to Dollar forecast: Brexit developments key for GBP/USD rate Sterling gained ground yesterday against the majority of major currencies. Theresa May remains stubborn in her stance and intends to stay in her position as Prime Minister and see through the Brexit process. She is still adamant that a Brexit deal can be agreed. President of the European Council, Donald Tusk has announced that the EU Commission has informed him that a draft deal had been agreed at a negotiator's level and agreed in principle at...
Trade Wars and Brexit Uncertainty Continue to Drive GBP/USD Exchange Rates

US Dollar Forecast: US Dollar set to lose value

US Dollar Forecast: Trade War and Forward Monetary Policy does not bode well for US Dollar The US Dollar could be facing a rough year. Federal Reserve Chair, Jerome Powell has had a dovish tone when discussing potential rate hikes at his past few press conferences and the new stance from the Fed seems justified considering the problems that are facing the US economy. US President, Donald Trump has put in place a partial Government shut down in an attempt to force funding for his US/Mexico...