Pound to US Dollar exchange rate Sterling reaches 4-month highs against the US Dollar

Pound to US Dollar exchange rate: USD slides against other ‘safe haven’ currencies as...

US China trade war: Currency manipulation and tariffs It looks as though there is no end in sight to the US China trade war. Like Brexit the trade war is coming at a cost, hurting global business sentiment. US President, Donald Trump last week confirmed he would impose further tariffs on Chinese goods. On Monday, China then were accused of allowing its currency to weaken to its lowest level since 2008, with Washington accusing Beijing of manipulating the currency. After continuing to weaken, the Yuan held around the 11 year...
Is Sterling's Recent Recovery Against the USD Another False Dawn?

GBP Forecast – Theresa May Wins Crucial Brexit Vote (Matthew Vassallo)

It’s been a positive day for Theresa May, following news that the government had won today’s crucial vote inside the House of Commons. Victory was achieved by a narrow margin of 319 to 303, meaning that the government did not need to add any clause into the Withdrawal Bill in the case of no Brexit deal being agreed. Despite this victory the market’s reaction was muted, with Sterling making only minimal gains against the US Dollar. MP’s were given assurances that they would have a meaningful say...
Fresh Polling Data Puts the Pound Under Pressure Against the Dollar

Sterling Euro and the US Dollar – Data Today

The Spring Statement was released yesterday and this was received relatively well and this gave Sterling exchange rates a small boost vs both the Euro and the US Dollar. One of the positive points was that he increased the growth forecast to 1.4%, which is slightly higher than what was predicted a few months ago. Hammond also commented that national debt would fall during this year and next. In the next couple of weeks the EU summit is due to take centre stage and could be...
GBP to USD rate rises after US Federal Reserve slashes interest rates

US Midterm results could cause US Dollar weakness

The recent US midterm results will come as a blow to Donald Trump despite his response to the press. The Republicans lost control of the House of Representatives to the Democrats and this will give them the ability to severely limit any new legislation being passed. The Republicans formerly had power over the senate and the House of Representatives. Another concern for the Republicans is that the Democrats will now have control of the Intelligence Committee, this will enable them to probe deeper into allegations...
Pound Powers to Seven Month High Against US Dollar

US Dollar hits 4 month high against the Pound

The Pound has fallen by over 5% since mid-April after hitting the best level to buy US Dollars with Pounds since the Brexit vote back in June 2016. Sterling has really struggled during this time owing to a number of poor economic data releases including much lower than expected GDP data for the first quarter of 2018. Growth for the quarter came in at just 0.1% which was slowest period of growth since 2012. We have also seen a slowdown in both Manufacturing and Services data...
Fresh Polling Data Puts the Pound Under Pressure Against the Dollar

GBP to USD Forecast: Election Forecasts Give the Pound a Boost

Conservatives on Course to Secure a Majority on 12 December The pound began the new week on a firm footing, thanks to favourable election developments over the weekend. Fresh polling data confirmed Boris Johnson remains on course to secure a majority at the halfway point of the UK’s general election campaign period – a poll-of-polls in The Telegraph suggested the Conservatives are set to achieve a 64-seat parliamentary majority. While the implied odds of a Conservative majority now stand at 70% according to the Betfair...
Pound to Dollar forecast: Sterling continues to decline against the US Dollar

Pound US Dollar Forecast: Will the Pound fall even further against the US Dollar?

In today's Pound US Dollar forecast I discuss whether the Pound is likely to fall even further against the US Dollar. The US Dollar has remained very strong against the Pound in recent weeks staying below 1.30 as the problems surrounding Brexit appear to be mounting. Today will be the third day of debating prior to the proposed vote on December 11th which will decide whether or not Parliament will approve the current Brexit deal on offer by Theresa May. Yesterday, the Government was forced to...
GBP to US Dollar rate improves as Fed Reserve Bank adopts dovish stance

US Shutdown continues, to the detriment of the US dollar against the pound

The pound has been making some positive moves vs the US dollar since the turn of the year as the US shutdown continues in to its 19th day. So far President Donald Trump has asked for $5.7bn in order to build his wall between the US and Mexico, which was part of his election pledge but this has been denied by the Democrats who rule over the House of Representatives, and they will not budge on their decision. In a meeting yesterday Trump stormed out after...
GBP to USD Rate Maintains Its Upward Trajectory

UK businesses issue a warning to Theresa May ahead of the EU summit

At present the UK Prime Minister Theresa May is planning her approach for the EU summit which is set to start on Thursday. It's been highlighted by many financial institutions that the summit has the potential to have a considerable impact on Sterling exchange rates, as the negotiations are being labelled as the most important in the process so far. In recent weeks there is an argument to suggest that cracks are now starting to appear in UK business, as many are either announcing that...
Pound to US Dollar forecast How will the Brexit negotiations affect GBPUSD exchange rates?

US Non-farm payrolls offset by Unemployment rate figures

GBP/USD rates have remained flat throughout Friday’s trading, despite a busy day in the markets. The USD has lost some value against Sterling during early afternoon trading, with Cable rates falling by just over half a cent to 1.3278 at the low. The markets had been waiting for the latest US unemployment and Nonfarm Payroll figures. Whilst Nonfarm Payroll figures came out above expectation at 213k, a reading that would generally boost investor confidence in the greenback, the official Unemployment Rate came out worse than expected...