US dollar weakness on Mid-term election uncertainties

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...
Escalating Trade War with China Putting Pressure on the USD

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...
What to expect for the pound vs the US dollar next week

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 rate officially enters its worst losing streak since the financial crisis

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...
Escalating Trade War with China Putting Pressure on the USD

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...
Will Sterling drop below 1.10 against the Euro? What may happen in early January?

Will tomorrow bring further strength for the Pound, and which factors could effect GBP...

The sell-off in the Pounds value that begun last week appears to have stabalised at least for now, as GBP exchange rates with one or two exceptions appear to be back on the charge. Sterling has gained in value against every major currency pair today with the exception of the US Dollar, which is one of the strongest currencies around at the moment due to the high yield offered on USD deposits now that the Fed Reserve Bank in the US has begun hiking interest...
US - Russia tensions benefit the Dollar

Best rates to sell US Dollar for Pounds in 2018. When will GBPUSD fall...

The US Dollar has appreciated massively against the Pound hitting the best rates to sell US Dollars for Pounds in 2018. A combination of factors has transpired to push the US Dollar higher as the divergence in both monetary policy and politics, between the US and UK becomes wholly apparent. The rate may well now push lower and break the key 1.30 level of resistance as investors favour the Greenback versus the Pound. The US Dollar has been rising on global uncertainty as concerns remain over...
Volatile times ahead on GBP/USD exchange rates - will the US dollar get stronger against the pound?

USD Rates Retreats from 14 Month High after Qatar Intervention

The Pound has fallen to beyond a 1 year low against the US Dollar which has created an excellent opportunity for those clients looking to sell US dollars. The recent rally in the US Dollar however may now be coming to an end as the financial volatility stemming from Turkey appears to be settling down for the time being. After the US imposed sanctions on Turkish steel imports the Turkish Lira saw a crash in its value as investors moved funds out of the...