US/China trade war escalates

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...

Improvements for the Pound but are They Sustainable Under Current Market Conditions?

It’s been a positive day for Sterling, which has made gains against a host of the major currencies. GBP/EUR rates have moved back above 1.14, hitting a high of 1.1462 earlier today. GBP/USD rates have also spiked towards 1.34, although the greenback has manged to find plenty of support just under this threshold. There were also significant gains against the commodity-based currencies, with GBP/AUD, GBP/NZD & GBP/CAD rates all rising by more than a cent. The Pound received a boost yesterday following the release of better...
Pound Sterling Forecast: Will the Pound strengthen further against the Euro?

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 - Will GBP/USD levels drop below 1.30?

US Dollar strength results in new 1-year low for GBP to USD rate, will...

The US Dollar has strengthened overnight against all major currency pairs, pushing cable (GBPUSD) below its previous 1-year low. The pair are now trading in the 1.27's after hitting a new low of 1.2736 earlier this morning, and the USD to EUR rate has also moved dramatically and hit its lowest level of 2018. You would have to go back to June 2017 to see the Euro trading this weak against the greenback, and this shows just how strong the US Dollar is at the...
Pound to US dollar forecast - Will GBP/USD levels drop below 1.30?

Pound to US Dollar forecast: What could influence the Pound to US Dollar rate...

The Pound to US Dollar rate dropped last week for the third consecutive week, as Brexit sentiment begins to take its toll on the Pound's value. Sterling has dropped by over 2% over the past few weeks against the US dollar which reflects the markets feelings of uncertainty surrounding the UK economy moving forward. The announcement of future closures of Honda car manufacturing factories in the UK hasn't helped either, even if the reasons behind the closures aren't Brexit related. The next likely market mover...
US dollar improving against the pound

GBP/USD Falls over New Brexit Uncertainty

The Pound has weakened lower today against the US Dollar after weekend reports have hinted that the Chequers plan on Brexit could be facing some troubles ahead. The Pound has fallen against most of the major currencies including the Dollar as the markets now expect more political wrangling and a lack of final agreement on Brexit between Britain and the EU. Parliament in the UK resumes tomorrow after the summer recess comes to and end and politics will once again become the main driver...
UK GDP figures help solidify GBP/USD rates above 1.30

UK GDP figures help solidify GBP/USD rates above 1.30

Pound to US dollar rates have been strengthened after the publishing of improved UK GDP figures. UK GDP figures The latest set of UK Gross Domestic Product (GDP) figures made for positive reading, with the UK economy rebounding in the first quarter of 2019. Growth of 0.5% for the first three months of the year, showed a marked improvement from the previous figures, up from 0.2% in the last three quarters of 2018. This increase will of have come as a welcome relief for those clients with a...
GBP to USD rates weaken after Theresa May statement last night

Pound to Dollar Rates Fall Below 1.30 as US Economy Performs

The pound to dollar exchange rate has seen a bumpy ride this week but has made considerable gains based on the performance of the US economy. Rates for GBP vs USD have slipped lower below 1.30 for the pair, and the dollar could strengthen further on the back of any further positive economic data releases. US services data produced by the Purchasing Managers Index arrived at a healthy 54.2 in January which has been received as welcome by the markets considering the recent long...
Will the US dollar improve against the pound this week?

Volatility with dollar exchange rates this week

The pound has fallen against the US dollar since the start of the week after hitting a 4 week high to buy US dollars on Friday afternoon. The pound made gains across the board last week as it was rumoured that the cross-party Brexit talks were moving in the right direction, but since then the pound has started to suffer once again vs the US dollar. US inflation and interest Turning the focus back towards the US and the latest set of inflation data is due...
Cross-party Brexit talks breakdown, with GBP Suffering as a result

Sterling exchange rates against Dollar set for a Brexit and politically based volatile week

The pound to dollar exchange rate is set for a particuarly volatile week this week with the main market movements expected to come from political news and developments, mainly surrounding Brexit and the posiiton of Prime Minister Theresa May. With the original Brexit deadline supposed to have been this Friday we really do find ourselves in a difficult position, and I believe that there are a number of ways that this week could pan out for the U.K, Theresa May and of course the pound. Cabinet...