GBP to USD Rate Maintains Its Upward Trajectory

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...
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 Euro exchange rate remains flat as the markets await the next Brexit developments

What can we expect next for the pound?

The pound has found some support against many currencies owing to improved news regarding the final arrangements on the customs plans for the UK and the EU. Embodied by the uncertainty over the Irish border, problems on the customs arrangements for the passage of goods across borders have been a sticking point in the negotiations. If you have a transfer to buy or sell the pound then the upcoming data next week will be very important in determining the future outlook for UK interest rates. Data...
Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

What is happening with the Pound vs the US Dollar?

The Pound has remained under a lot of pressure vs the US Dollar recently and I think we could see further losses coming in the near future. The US economy has been going from strength to strength recently and this has been reflected by the US Federal Reserve's monetary policy to increase interest rates. The Federal Reserve has increased interest rates 7 times since December 2015 and there is a strong chance that we will see another two rate hikes before the end of the year...
Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit agreement

GBP/USD Forecast – Will the USD’s Impressive Run Against GBP Continue?

The USD has made further gains this morning against Sterling, hitting 1.2803 at its high. Despite the Pound finding some support around the 1.28 threshold, it has struggled to sustain any improvements against the Greenback of late. It did threaten to make a move last week, when reports surfaced that the EU were on the verge of offering the UK a Brexit deal. Not for the first time these reports were quickly diluted, with the EU Commissioner Michel Barnier indicating that the UK’s current Brexit proposal...
Election Checks GBP to USD Gains

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 US Dollar forecast GBP to USD rate left flat by disappointing data on both sides of the Atlantic

Pound to Dollar forecast: Brexit vote set to cause GBP/USD volatility

Non-Farm Payroll data disappoints On Friday we witnessed US Non-Farm Payroll numbers coming in below expectations with only 20k jobs created. The US Dollar lost ground across the board, but recovered slightly towards the end of the day. The recovery could be attributed to the figures being slightly off due to the recent US Government shutdown. The month before has been particularly impressive with 311k jobs created which was very positive news for the US economy. On Friday we also saw wage growth data, there was...
9 days until Brexit and the impact on the Pound to US Dollar exchange rate

Pound to US dollar forecast : Busy week ahead for GBP/USD exchange rates

There is busy week ahead for GBP/USD exchange rates with a number of key events to potentially move the market. Pound to US dollar exchange rates have been volatile in 2019 as investors eye up the conflicting views on Brexit that may influence sterling, with the US dollar also looking uncertain on which direction it will take. This week is a crucial time for the pound with the latest news on UK local election expected Friday with the vote taking place on Thursday. Clients with...