Pound Increases Against the US Dollar Despite Falling Inflation

Pound to US Dollar Outlook: Will the GBP Hold onto Last Week’s Late Gains...

Last week was a rocky road for GBP, with a sharp drop before the BoE’s announcement following by a surge after the decision to keep the rate steady was announced. With the decision from the Bank of England (BoE) holding rates, GBP restored its gains and pushed forward. This meant that earlier losses were recouped and the currency advanced on many of its rivals like the USD. The UK also saw the release of its manufacturing PMI today. The figure came in above predictions...
GBPUSD Rate: Sterling Exchange Rates ahead of UK Unemployment Data

GBP/USD Forecast: Could the Pound hit 1.30 against the US Dollar this month?

GBP/USD Forecast: The Pound vs the US Dollar remained in a fairly tight range during yesterday's trading session as the US celebrated Martin Luther King day yesterday and this meant that no new economic data was published. However, what is clear is that the US Dollar appears to be coming under pressure caused by the US government shutdown, which is still ongoing and does not appear to be coming to a resolution anytime soon. This means that 800,000 federal workers have been negatively affected as many...
Pound to Euro and Pound to US Dollar Touches Fresh Lows

GBP Rates Set For Volatile Period ahead over Political Uncertainty

The pound could be set for an extremely volatile month ahead with British politics and Brexit about to act as a major driver for the price of sterling once again. With local elections taking place in England today, any big swings from one party to another could create additional volatility for the pound. There are 4,400 council seats up for grabs making up the total of 150 local government authorities. Tomorrow morning could see a very interesting start to the day ahead of the...
GBPUSD Surges as Dollar Weakens Across the Board

The Pound Continues to Rebound From Its 35+ Year Lows Versus the USD of...

Sterling remains under pressure however, with a slip below 1.23 on the back of the latest consumer confidence figures released from GfK. Highlighting that more than 70pc of UK businesses have confirmed that they were or would be impacted by the Coronavirus pandemic, demonstrating the intense impact that Covid-19 was having at the beginning of March before the UK government put us in to virtual lockdown. The stats confirm a sharp decline in the willingness of consumers to make major purchases. Lloyds business sentiment survey...
GBPUSD Exchange Rate Volatility Following Trump’s Press Conference

Pound to Dollar Forecast: Disappointing British Retail Sales Figures Send GBP to USD Rate...

British Retail Sales Fall for First Time Since 1995 The pound to US dollar rate failed to cling onto early gains yesterday, as investors refocused their attention on the government’s efforts to pass its Brexit bill through Parliament. It wasn’t helped by European Central Bank policymaker Klaas Knot, who said that a hard Brexit remains a possibility at the end of the year and could severely impact foreign trade. Boris Johnson and new European Commission president Ursula von der Leyen had a positive first meeting yesterday,...
Pound to Euro Exchange Rates: How is the UK’s Lockdown Influencing Rates?

Pound to US Dollar exchange rate supported after Gridlock in UK Parliament

Pound finds support above the 1.20 benchmark against the US Dollar following more Brexit chaos The pound to US dollar exchange rate has rallied higher to above 1.2150 for the GBP/USD pair as Brexit tensions reach boiling point in the House of Commons. With 57 days to go to the 31st October 2019 deadline the stakes are high after UK Prime minister Boris Johnson lost his first parliamentary vote last night by 328 to 301 votes. 21 Conservative rebels voted against the government despite having...
The US launch a significant stimulus package to stem the economic impact of the Coronavirus pandemic

Sterling Exchange Rates Rally Close to 1.13 for GBP EUR

The pound continues to trade within a tight range as the markets still await new developments in the Brexit negotiations. The pound is currently trading at 1.1270 against the Euro and 1.39 against the US dollar having seen reasonable gains across the board today. Those clients looking to sell Euros for pounds have been presented with another good opportunity to convert. The focus is now largely on Brexit with the terms of the transitional arrangement expected to go through in the next couple of...
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...
GBPUSD Exchange Rate Volatility Following Trump’s Press Conference

US Dollar Weakens Against the Pound After Further US Jobless Claims

The Pound has started to fight back vs the US Dollar over the last few days and had a huge recovery vs the Greenback yesterday. The US confirmed that 3.28million workers filed for unemployment insurance following the recent virus outbreak. GBPUSD exchange rates managed to break just above 1.22 which is approximately 8 cents higher than the recent lows seen earlier this month. Indeed, the US Dollar hit its best level vs the Pound in 35 years creating some excellent opportunities to sell US Dollars...
The Pound to Euro and Dollar Forecast Ahead of Easing UK Lockdown Measures

Leadership challenge and the impact on the Pound to US Dollar rate

In today's Pound to US Dollar forecast we look at the factors effect the exchange rate this week, with some breaking news regarding Theresa May. It has been announced this morning that current Prime Minister Theresa May will be facing a vote of no confidence in her leadership this evening. The news comes after it was announced that 48 letters have been sent to the 1922 Bank Bench Committee to ask for a leadership challenge to take place. If she manages to win tonight then...