Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

GBP to USD forecast: Rates gain ahead of Brexit legal advice expected today

In today's GBP to USD forecast we look ahead at the events that could impact rates in the coming days. Pound to US dollar exchange rates have started the week on a higher note ahead of an important week in British politics over Brexit. GBP to USD rates have moved higher, to 1.28. The pound to dollar rate remains extremely volatile and susceptible to Brexit developments. A key meaningful vote on the withdrawal agreement will be held on 11th December and will then set...
GBP/USD exchange rate slips once again

US Dollar strength vs Sterling following this week’s interest rate hike in the US

The US dollar has once again started to strengthen against both the pound and the euro towards the end of this week after the US Federal Reserve decided to increase interest rates for the eighth time since December 2015 on Wednesday evening. The base rate now sits at 2.25% and there were many reasons provided by the Fed for the change in monetary policy. The reasons given were strong economic growth and very impressive unemployment figures during the course of this year. Indeed, with economic...
GBP/EUR exchange rates creep up over the course of the trading week

Help Trading Sterling

The Pound Remains Fragile The pound has fallen significantly against the majority of major currencies following a host of poor economic data. This has put a halt to a rate hike from the Bank of England (BOE). It looks as though a rate hike this year is now unlikely. GBP/USD – Sterling has fallen heavily against the greenback, this is not just due to the poor monetary policy forecast from the BOE it is also due to positive news from the US. US Treasury bonds now...
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...
US/China trade war escalates

US China trade war escalates

The greenback has made ground after the escalation in the US China trade war after President Trump increased tariffs on $200bln of Chinese goods bound for the US. Although Trump has recently tweeted that “trade talks are going to be very successful” he is yet confirm who for. Escalation in US China trade war The Chinese  have responded and imposed their own tariffs on the US this week. The US have already threatened to further escalation adding tariffs on a further $300bln worth of Chinese goods. Due...
Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit agreement

GBPUSD rates hit 5 week high

The pound has been trading more strongly on optimism that the UK and EU will be able to sort a deal ahead of the upcoming EU Summit next week. There is also some pressure on the US dollar too particularly with Storm Florence encircling the US and raising concerns about a shock to the US economy. The US also released a weaker Inflation report yesterday which has raised concerns about the ability of the US to continue to raise interest rates. One of the reasons...

Sterling Supported on Transitional Deal

The Pound has been given a major boost following the agreement on the transitional deal which was agreed yesterday by Brexit secretary David Davis and his EU counterpart Michel Barnier. GBP EUR rates broke through 1.14 before retreating slightly whilst GBP USD remains above 1.40 for the pair. Britain will effectively be able to access the single market but without being able to be involved in the rule making. The gains are already proving somewhat limited however and there has been a political backlash from...
Pound to US Dollar Rate Uncertain as Pressure Builds on Theresa May

What will move GBPUSD this week?

GBPUSD exchange rates have been struggling to keep above the 1.30 marker as we approach the strongest the point the US Dollar has been enjoying against all currencies. On the DXY US Dollar index, which is a measure of overall US Dollar strength, the Dollar has hit some of the highs of 2018. When you look at the fundamentals too the outlook for the US Dollar could see further gains as the prospect for further interest rate hikes looks stronger in the future. Many clients...
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 forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

Will US-China trade negotiations over the next few days influence the GBP/USD rate?

The US Dollar, despite having an incredible 2018 has actually been on a losing streak recently, and it's lost value against the Pound for 4-days in a row now. The US President Donald Trump has once again re-ignited his war of words with the Federal Reserve Bank and their plans to continue hiking interest rates, and he commented that he's 'not thrilled' with the Fed's continuing bullish plans. It's unusual to see the Fed's actions scrutinised by a US President, and Trump's comments resulted in...