Pound to Dollar Forecast Weakens after Poor UK GDP

Pound to Dollar Forecast Weakens after Poor UK GDP

Today's pound sterling to dollar forecast looks at what is affecting the GBP/USD exchange rate. The pound to dollar exchange rate remains on a weaker footing after weaker UK Gross Domestic Product (GDP) numbers disappointed the markets yesterday. UK GDP contracted by -0.4% putting pressure on an already weak pound as concerns are raised over the UK economy. The decline in car production appears to be having a negative impact on the growth outlook, and whilst Brexit is no doubt causing some of the...
Pound to US dollar rate falls to a 5-month low, almost hitting the 1.25s as Brexit woes continue

Pound to US dollar rate falls to a 5-month low, almost hitting the 1.25’s...

Sterling has been coming under increasing pressure over the past few days, after seeing a downward trend since the first week of this month which has seen the pound lose close to 4% against the US dollar and the euro. Pound to US dollar rate falls amid political uncertainty The drop has accelerated since it became official that cross party talks between the Conservative and Labour parties have broken down, leaving UK Prime Minister May in an unenviable position now. MP's are due to vote on...
Pound to US dollar exchange rates: Will they rise or fall this week?

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...
Pound US Dollar Forecast: With Brexit less than 4 weeks away what will happen to GBP/USD rates?

GBP/USD – US/Mexican NAFTA Agreement Helps Solidify the USD’s Position

GBP/USD rates have remained flat throughout Tuesday’s trading, with the USD finding plenty of support around 1.29. The breaking news yesterday was that the US and Mexico have agreed to revamp the NAFTA agreement, hailing it as a “really good deal” for both countries. The news is likely to help solidify the current good feeling around the US economy, which continues to show impressive signs of growth. The USD is benefitting from this good feeling, with investors flocking to it for a variety of reasons. With...
Pound to US Dollar forecast When will the Fed cut interest rates

Pound to US Dollar forecast: When will the Fed cut interest rates?

When will the US cut interest rates? On Wednesday the Federal Reserve announced that they would once again keep interest rates on hold. However, the accompanying statement suggested that we could see interest rates being cut this year. With such a cautious tone I think Fed Chair Jerome Powell is gearing up to cut interest rates. US President Donald Trump has been extremely vocal about cutting rates but the Fed will have to remain impartial and independent. However, according to the report 7 of the 17...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

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...
Pound to US Dollar rate Interest rate cut from the US Federal Reserve Bank will GBP/USD rates recover from its current lows?

US Rate Hikes and the potential impact on GBPUSD exchange rates

Where to next for Sterling is a difficult question to answer but what is for sure is that there are a lot of reasons ahead why we could see a lot of volatility for the Pound against a number of currencies for the rest of this year. The Pound is trading at its lowest level vs the US Dollar since December 2017 with GBUSD rates falling below 1.33 for a brief period earlier this week as tensions appear to be rising once again between the...
Pound to US dollar forecast Dollar close to a 2 year high vs Sterling

GBP/USD hits lowest level in 2018

GBP/USD - Unfortunately there is little reason to be optimistic about the Pound at present. The lack of clarity surrounding Brexit is the most significant cause of this. The resignations of David Davis and Boris Johnson have not helped matters and Theresa May's position is not looking stable. There is the possibility of a vote of no confidence. If this occurs expect further falls for Sterling. There are also preparations being made for a "no deal" scenario which is a further cause for concern. The key point...
US Fed softening their economic outlook has the USD reached its peak against GBP

US Dollar strengthens further against weaker Pound!

This has been a very busy week for the US Dollar as we had their latest interest rate decision, with the latest Non-Farm Payroll data and Unemployment decision out today. This is looking like it could be another positive for the US Dollar which has been gently rising all week. GBPUSD had been trading in a fairly tight range of 1.30-1.32 in the last few weeks; we are currently at the more recent lows and could easily break below the 1.30 mark today. A combination...
GBP/USD exchange rates edge lower due to UK economic data and US border security deal

GBP/USD exchange rates trading back below 1.30

GBP has come under increasing pressure against the USD over recent days, with the pound falling back below 1.30. This threshold has been a key resistance level for the pair over recent months, with sterling’s drop below it proving that investor confidence in the pound remains extremely fragile. Brexit delay weighs on pound The pound’s drop in value this week has come in line with the markets growing realisation that any prospective Brexit deal, likely remains some way off. UK Prime Minster Theresa May is adamant that the...