Pound to US Dollar rate officially enters its worst losing streak since the financial crisis

Pound to US Dollar rate officially enters its worst losing streak since the financial...

Yesterday the rate of cable (GBP/USD) entered its worst losing streak since the financial crisis of 10-years ago, after the pair fell for the 11th consecutive day. The Pound has dropped in value against other major currency pairs also but the drop against the US Dollar is the stand out pair, as fears surrounding the UK mount. Cable traded below 1.27 for the first time in 14-months on Wednesday after the pair hit 1.2669 yesterday morning. Those converting their US Dollars into Pounds have seen a...
The impact Turkish economic issues are having on GBP/USD exchange rates

The impact Turkish economic issues are having on GBP/USD exchange rates

We have had a fairly interesting start to the trading week for Sterling exchange rates against all of the majors and most notably against the Turkish Lira. Because of these issues we have seen the U.S Dollar gain further ground against most major currencies. Issues in Turkey have been one of the main drivers for all major currencies this week, with the Dollar and Swiss Franc gaining more strength against the Pound and the Euro along with other ‘riskier currencies’ weakening off, making them slightly cheaper...
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...
Will the Dollar get stronger in 2019? Interest rate hike from the Federal Reserve

GBP/USD Forecast – Dollar Gains Value Following Rate Hike Comments by the FED

GBP/USD rates continue to trade comfortably below 1.30, offering excellent value to any client holding the Greenback. The USD made small gains earlier this week having drifted back below 1.29 for a short period. A move back towards 1.28 was likely fueled by comments made by the US FED, who indicated that they would be sticking to their guns in terms of further interest rate hikes this year. US President Donald Trump has been vocal in his assessment of the FED’s current monetary policy stance, feeling further...
Pound to Dollar Falls Lower as Trade War Tensions Escalate

Pound to Dollar Falls Lower as Trade War Tensions Escalate

The pound to dollar exchange rate is continuing to lose ground with rates for GBP vs USD sitting below 1.2750 as the ongoing Brexit uncertainty drives sterling lower. UK Prime Minster Theresa May is taking her agreed deal with the EU to the country this week to win the general public’s support ahead of a key vote in Parliament expected on the 11th December. The deal on the table has received a hostile reception from a large number of politicians and it seems unlikely...
GBPUSD rate affected by Brexit sentiment

Busy week ahead for GBPUSD exchanges!

This was always billed as a key period for sterling exchange rates and so it has proved. The GBPUSD rate has been very volatile with almost 6 cents movement since the end of August between the high and the low on the pairing. There are numerous events taking place at present which are giving the market the fuel it needs for the volatility, including Brexit and the ongoing trade wars. A key driver is of course the EU Summit and the market's reactions to the...
Is the US Dollar set for a tough run in 2019?

Is the US Dollar set for a tough run in 2019?

Sterling has made further inroads against the USD this morning, following on from yesterday’s positive gains. GBP/USD rates have moved to a morning high of 1.2671, with the Pound trading a cent and a half higher than it was at this time yesterday. The USD saw a sharp selloff yesterday following Apple Inc.’s warning that weak Chinese sales were going to negatively impact their Q1 turnover this year. The Dollar’s drop in value was also heightened due to thinner trading conditions on Wednesday, as the...
Partial Government Shutdown continues to impact the value of USD

Pound to US Dollar forecast: US Mid-term elections to affect the GBP/USD rate?

There is a busy week scheduled for US dollar news this week which could see some major swings for the cable rate (pound to US dollar exchange rate). Will the Mid-term elections affect the pound to US dollar rate? On Tuesday the Mid-term elections will take place and this marks 2 years since the inauguration of US President Donald Trump. They are often billed as an approval rate on the President as their term passes the half way mark, and they consist of the combination of...
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...
Pound to US Dollar Rate Uncertain as Pressure Builds on Theresa May

Further pressure mounts on Theresa May pushing cable lower

UK Prime Minister Theresa May is facing a potential revolt as further concessions have been made to the EU. Mrs May has offered to extend the transition period which has enraged both remain and leave Tory MPs. Over the past weekend former Brexit Secretary David Davis made his thoughts clear when he stated we should abandon the Chequers plan; he was back in the press yesterday urging the PM to change the course of the negotiations. Rumours from within Parliament say that letters of no confidence...