GBP USD Exchange Rate Slumps to Lowest Level in a Month

GBP USD Exchange Rate Remains Static

The pound remained rangebound against the dollar on Wednesday as it meandered its way through the 1.23 range. The UK currency has been shackled by reduced bets on overly hawkish action from Bank of England (BoE) rate-setters and growing uncertainty around the British economic outlook. Money markets are currently pricing in around 105 basis points (bps) of BoE rate rises by the end of the year, down from 120 bps late last week and around 145 bps at the end of last month. US inflation rate slows...
GBP USD Exchange Rate: The Month Ahead September 

Pound to US Dollar exchange Forecast: How could US economic data released this week...

Will the US Fed cut interest rates? Today we will see the release of Manufacturing Purchase Manager Index (PMI) data. Then tomorrow we will witness non-Manufacturing data and the very difficult to predict Non-farm pay roll to finish the week on Friday. On Friday we will also see US Fed chairman, Jerome Powell’s speech, this has the potential to cause volatility as we could hear hints to any future monetary policy change. US President Donald Trump has previously made it very clear that he expects rates to be cut down far below the...
Pound to Dollar Rate Moves Higher Following Fed Meeting Minutes

Pound to Dollar forecast: What’s next for Sterling and will the US Dollar get...

The Pound hit a 20 month low against the Dollar in trading sessions earlier in the week as the markets digested the fact that Theresa May had to face a vote of no confidence, which led to political uncertainty for the UK and Sterling weakness. Sterling then made gains back against the Dollar as the week progressed following a victory for Prime Minister May and Brexit talks getting back into the swing of things. It does appear that very little progress is being made and...
GBP USD Exchange Rate Slips Below 1.20

Pound to US Dollar Exchange Rate: Could the Sterling Be Entering Bearish Territory?

As we hit mid-way in the trading week, the GBP/USD exchange rate has come into question for some investors. Recent developments between the UK and EU, as well as data releases from the United States are pointing the currency pairing towards bearish territory. Tensions between London and Brussels are leading the Brexit headlines as the UK pushes for a free trade deal agreement, but the EU remains firm on its requirements for the UK such as access for EU fishermen in UK waters. Added...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

GBP USD Outlook after Brexit Secretary David Davis Resigns

The Pound faces a hugely volatile week against the USD Dollar after the shock resignation of Brexit secretary David Davis last night. British politics will be the main theme for the Pound this week and the biggest driving force as the level of uncertainty over Brexit has rapidly increased. This all comes following the agreement that was reached on Friday in the cabinet meeting at Chequers, where Prime Minister Theresa May was able to find support for her “third way” which would ultimately result...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

Pound to Dollar forecast: Brexit vote set to cause GBP/USD volatility

Non-Farm Payroll data disappoints On Friday we witnessed US Non-Farm Payroll numbers coming in below expectations with only 20k jobs created. The US Dollar lost ground across the board, but recovered slightly towards the end of the day. The recovery could be attributed to the figures being slightly off due to the recent US Government shutdown. The month before has been particularly impressive with 311k jobs created which was very positive news for the US economy. On Friday we also saw wage growth data, there was...
GBP USD Exchange Rate Retreats Toward Two-Year Lows  

Pound to US Dollar exchange rate: Sterling reaches 11 week high against the US...

Brexit optimism British sterling has touched 1.2697 versus the US dollar today, its highest in 11 weeks, or since Sunday 30th June. In part, this is because markets are optimistic that there will be a Brexit deal. However, looking ahead, sterling’s value versus the mighty buck could be influenced, because UK unemployment rose in August, while wage growth eased. GBP to USD gains, as Barnier calls a deal “difficult but possible” One reason why the sterling vs US dollar interbank exchange rate has reached this 11-week high is...
Pound to Dollar Rate Consolidates Gains

Pound to Dollar Rate Eroded by UK Construction Supply Squeeze

The pounds impressive gains against the dollar last week – a period that saw it touch a three-week high – were eroded slightly on Monday. The damage was done by fresh data showing supply chain issues continue to cause problems across the UK. Britain's construction sector was sluggish in August, growing at its weakest pace since the lockdown in the early part of this year. The slowdown was prompted by a severe shortage of building supplies which have risen sharply in price, a survey showed...
GBP EUR Slumps Despite UK Rates Lift-Off

Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus...

Last week, the pound has ended the trading week slightly down against most major currencies, with interbank levels currently sitting in the 1.14s for GBP/EUR, the 1.23s for GBP/USD, the 1.72s for GBP/CAD and having just slipped into the 1.89s for GBP/AUD to name a few examples. Boris Johnson's to Announce His Lockdown Strategy With the country and financial markets eagerly awaiting Boris Johnson’s lockdown strategy announcements due out this evening, this could pose quite a volatile start to the trading day on Monday. For those...
Pound to Dollar Rate Moves Higher Following Fed Meeting Minutes

Pound Dollar Forecast: EU Summit to impact Pound to Dollar Rates

Brexit news causes the Pound to weaken against the US Dollar The US Dollar has once again improved against the Pound dropping almost 3% in a week or the difference of £4,600 on a currency transfer of US$200,000. The latest news on Brexit and the issues surrounding the proposed draft Brexit deal has not gone well for the Pound in relation to a number of different currencies including versus the US Dollar. Prime Minister Theresa May is due in Brussels over the weekend as the UK and...