Pound to Dollar Forecast: GBPUSD Continues Upward Trend but for How Long?

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 Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD

GBPUSD breaks into the 1.20s

Cable (GBPUSD) exchange rates have been plummeting recently, and over the past 3 months we have witnessed a 9% fall. To put this into monetary value a $200,000 purchase is now £14,000 more expensive compared to 3 months ago. UK politics is a driving factor in the demise of sterling. UK Prime Minister Theresa May is under extreme pressure and some of her party have even written to Sir Graham Brady Chairman of the backbench 1922 committee stating they wish to proceed with a...
Pound to Euro forecast following UK retail figures

Stronger day for Sterling as UK Retail Sales rebound, is this a turning point...

After some disappointing economic data yesterday morning, the Pound has seen a reverse in its fortunes today after some positive data was released this morning. Yesterday's data showed a shock drop in inflation, with the figure released being lower than the markets were expecting to see. This resulted in the Pound weakening as the chances of a rate hike in the short term future declined, with some economists now suggesting that there may not even be one this year. This morning on the other hand has...
Pound to Dollar Rate Reverses Early Gains

Pound to US dollar outlook – Will Coronavirus cause GBPUSD levels rise to fall...

The pound to US dollar has seen excessive volatility at the hands of the Coronavirus, as financial markets grapple with the sudden shifts in the outlook for the global economy and a series of groundbreaking policy decisions by central bank. The US Federal Reserve breathed more life into the US economy by announcing ‘unlimited QE’ yesterday, triggering some strong selling and then buying moves. It is as if on one hand the FX markets greatly back the ‘whatever it takes’ approach by central bankers, but...
Trump Wants America to Open Again

Pound to US dollar forecast – will GBPUSD rise or fall on NFPR?

Non-farm Payroll (NFPR) data is released today and details the latest news for US unemployment statistics. Today's data will be key in providing some guidance as to which direction the US economy is headed. The US dollar has been marginally weaker as investors shy away from the very high expectations placed on the currency and the US economy this year. GBP/USD levels have been above 1.31 today and depending on how the NFPR figures fare today, could weaken further. The last figures showed just 20k...
Pound to Dollar Rate Reverses Early Gains

Pound to Dollar rates: Brexit delay sends Sterling up against the US Dollar

The Pound has broken past 1.32 against the US Dollar during this morning's trading session as it appears as though the Brexit date might well be extended past 29th March according to Prime Minister Theresa May. Theresa May has once again delayed the next vote and this has now been planned to take place on 12th March so the time is ticking and we are just 31 days away from when the UK is due to officially leave the European Union. Labour appears to be backing...
Pound to dollar rates: pound’s gains capped by Brexit uncertainty

Pound to Dollar Rates: Pound’s Gains Capped by Brexit Uncertainty

The pound spent yesterday morning reversing last week’s losses against the dollar. It was pushed higher by the EU and UK’s decision to “go the extra mile” and continue Brexit trade negotiations beyond Sunday’s deadline. It was a firm push, causing the pound to dollar rate to rally sharply from the lower reaches of the 1.32 level into 1.34 territory. An easing of no-deal rhetoric added weight to its resurgence: on Sunday Boris Johnson said it was “the most likely” outcome, but by Monday Downing...
Pound to Dollar Rates Dragged Lower by Dollar Strength

Is now the time to sell US Dollars and buy Sterling?

Yesterday investors showed optimism as the Pound rallied across the board and against the US Dollar, when Mr Barnier stated a Brexit deal is possible within the next six to eight weeks. UK Prime minister Theresa May has instructed her Cabinet to tour the country and to deliver the message that the Chequers plan is the only option for the UK and she wont be swayed. Furthermore, next week the PM is set to address the EUs 27 leaders at the Salzburg summit. The plan is...
EUR Edges Higher on IFO Index, but US Strength Set to Bolster

Pound to Dollar Forecast: Brexit Fears and US Government Shutdown Driving GBP/USD rates

In today's Pound to Dollar forecast we look at the events that could impact exchange rates in the short term. GBP/USD exchange rates have open the week trading in the mid 1.28s, as the markets await further information regarding Brexit and the on-going US government shutdown. Despite UK Prime Minister Theresa May losing her key Brexit vote last week and just surviving a vote of no confidence in her leadership, the Pound still managed to make some inroads against the US Dollar. Despite these gains...
GBP Holds Firm as UK Delivers 2020 Budget After Emergency Rate Cut

GBP/USD News: Theresa May Survives Leadership Challenge

May continues as Prime Minister Yesterday evening, UK PM Theresa May survived a vote of no confidence with a majority victory of 83. Despite the victory it was far from convincing having lost nearly a third of the party. The PM will not now face another vote for at least 12 months from her own Party. There is still the chance that a motion of no confidence could be triggered in the House of Commons which has the potential to bring down her Government if backed...