Pound to US Dollar Pulls Back as Market Bulls Pause

Pound to Dollar Forecast: UK Interest Rate Cut Speculation Intensifies

Demand for UK Mortgages Falls The Bank of England’s (BoE) latest survey of credit conditions pointed towards a lower level of domestic confidence yesterday, with demand for mortgages falling in the final three months of 2019 – further evidence that the UK economy is stuck in a rut. Under normal circumstances, this would trigger a dip in the value of the pound to US dollar rate. However, it was given a reprieve by the rising odds of a January interest rate hike, which has already...
GBPUSD Trades at a Two-Week High as Coronavirus Cases Begin to Fall

Pound to dollar exchange rates poised for another Brexit based volatile week

The pound to dollar exchange rate looks set for another uncertain week as the markets try to second guess what will happen next with Brexit and which path the UK will end up taking. So far, Parliament appears to be stuck in stalemate and cannot agree on which way to go with the next stage of Brexit negotiations. It does appear that Theresa May is fast running out of ideas and the chances of her meaningful vote being passed do seem to be slowly drifting away...
Pound to Dollar Forecast: GBP to USD Rate Feels Weight of Disappointing Economic Data

Pound to Dollar Forecast: Brexit Uncertainty Continues to Shackle GBP to USD Rate

Disappointing data weighs on pound Brexit uncertainty and soft economic data combined to send the pound to US dollar rate into a downward spiral at the end of last week; dropping from 1.32 on Tuesday to 1.30 on Friday. Fresh fears of a no-deal scenario plagued the pound throughout the Christmas period, so when UK Manufacturing Purchasing Managers’ Index fell to its lowest since July 2012, the GBP vs USD pair’s value fell with it. Fed officials confident in 2020 interest rate path Escalating tensions in the...
Will Pound to Euro Rates Gain in September?

Pound Sterling Forecast – Is GBP Likely to Stage a recovery?

Sterling has been struggling to maintain its strength lately as investors become increasingly concerned over the outlook ahead. The potential for the pound sterling forecast to weaken is a real possibility with various concerns over which may threaten its strength. In order for the pound to stage a recovery soon we will perhaps need to see shift in sentiment to the British currency which has so far been on a losing streak. Against the US dollar and Euro the pound has lost around 3% this...
GBPUSD Rate Hits 9-Month High, Will the Pound Climb Higher?

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 Rate: USD Weakens After Fed Interest Rate Decision

Pound to US Dollar exchange rate: Federal Reserve keeps rates on hold but for...

When will the Fed cut interest rates? Yesterday evening the US Federal Reserve announced that they would be keeping interest rates on hold once again. The rate is currently at 2.5% but there are signals that rates may be cut in the near future. Policy makers appear to be worried about the ongoing US China trade wars and the effect this may have on the economy. US President Donald Trump has been putting pressure on the Fed to cut interest rates claiming that their current approach...
Pound to Euro: Bank of England Keeps Interest Rates on Hold

Pound to Euro: Bank of England Keeps Interest Rates on Hold

Yesterday’s Bank of England (BoE) interest rate was eagerly anticipated by investors yesterday as there had been rumours circulating of a potential cut into negative territory in order to encourage spending to combat the economic damage caused by COVID-19. The pound to euro and pound to US dollar rate suffered significant losses throughout the day as a result. Sterling fell in value against the majority of major currencies in the build up to the announcement, recovered after the cut did not take place and...
GBP to USD Rate Breaks Through 1.35 Barrier

Pound to Dollar forecast: UK Parliament to be prorogued as the Queen grants suspension

The Queen grants Boris Johnson's request to suspend parliament: How have Pound to US Dollar rates been affected? The pound to US dollar exchange rate is seeing another wave of volatility after UK Prime Minister Boris Johnson confirmed he will prorogue parliament from 9th September until 14th September. In a move that has infuriated those that wish to remain in the European Union the decision is aimed to stop those MP’s plotting to legislate against the government to stop a no deal Brexit from happening....
GBPUSD Rate Hits 9-Month High, Will the Pound Climb Higher?

Pound to US dollar exchange rates fall: Why is the pound dropping against the...

Over the last 10 trading days pound to US dollar exchange rates have dropped from 1.3170 to 1.2830 at the time of writing this article. To put this into monetary value a £200,000 transfer into US dollar now generates clients $6,800 less. Many of my clients are questioning why exchange rates are falling when UK economic data for the UK over the last 10 days has actually impressed. Unemployment is at a record low of 3.8%, Trade Balance numbers are down, manufacturing/industrial production numbers...
GBPUSD Forecast: US Federal Reserve Keep Interest Rates on Hold as GDP Falls 4.8 Percent

GBP to USD forecast: UK general election gets the green light

With yet another Brexit deadline cancelled, we can all concentrate on trick or treating and apple bobbing today. The pound, however, must have thought it was Christmas rather than Halloween this week: confirmation that a no-deal could be avoided was followed by news of a probable December election, raising hopes that the Brexit deadlock can be resolved. As it turned out, the Prime Minister’s political power play had a limited effect on the GBP to USD pair, as the pound prepares to navigate a...