GBP to USD rate rises after US Federal Reserve slashes interest rates

GBP to USD exchange rates ahead of EU Summit

The pound to dollar exchange rate has slipped lower as events continue to unfold over Brexit ahead of the EU summit in Brussels today before Friday 12th April, the date at which Britain will leave the EU if an extension is not granted. Rates for GBP to USD have fallen to below 1.31 as the markets wait for a decision from this important emergency Brexit summit. UK Prime Minster Theresa May met with her French counterpart Emanuel Macron yesterday to discuss the draft proposal that...
GBP to USD Rate Falls to 10-day Low

US Dollar continues to remain strong against the Pound and Euro

Dollar goes from strength to strength The pound to US dollar exchange rate has been performing poorly of late against as the US dollar strengthens against a number of different currencies including vs the euro and the pound. The price of gold has recently high a 6 year high and as gold is priced in US dollars then this can often cause the US dollar to strengthen. Global investors still appear to be concerned with a global slowdown and this is causing them to see...
What Topics Could Impact the Pound Next

Sterling Exchange Rates Fall from Recent Peak

The pound has fallen lower today after that excellent run last week which saw sterling surge across the board after the transitional deal in the Brexit negotiations was agreed. Rates for GBP EUR have fallen to a low of 1.1365 today whilst GBP USD touched 1.4066 before climbing higher in afternoon trade. Whilst a transitional deal has been officially agreed between Britain and the EU, there are still some very big issues which need resolving. Whilst I am of the opinion these issues will be...
GBP to USD Exchange Rate: Could Sterling Make Further Gains Against the US Dollar Next Week?

GBP to USD Exchange Rate: Could Sterling Make Further Gains Against the US Dollar...

The pound to US dollar rate was in fine form on Thursday evening and Friday after the Conservative party won a huge election majority, paving the way for the UK’s departure from the EU by 31 January. The pair subsequently raced over the 1.35 level for the first time in 19 months, which represented its biggest rise since 2017. Where Next for the Pound to US Dollar Exchange Rate? So, what does the immediate future hold for the pound to US dollar rate, now that the...
Pound to Dollar Forecast: GBP to USD Rate Slips Lower on the Back of Brexit Concerns

Pound to US Dollar rate officially enters its worst losing streak since the financial...

Yesterday the rate of cable (GBP/USD) entered its worst losing streak since the financial crisis of 10-years ago, after the pair fell for the 11th consecutive day. The Pound has dropped in value against other major currency pairs also but the drop against the US Dollar is the stand out pair, as fears surrounding the UK mount. Cable traded below 1.27 for the first time in 14-months on Wednesday after the pair hit 1.2669 yesterday morning. Those converting their US Dollars into Pounds have seen a...
Pound to Dollar forecast: Sterling continues to decline against the US Dollar

Pound to Dollar forecast: Sterling continues to decline against the US Dollar

Over the past week the Pound has lost over 1.5% against the Dollar with the pairing witnessing political uncertainty and poor economic for the UK and positive news on trade talks between the US and China. Pound Sterling forecast: The Pound's value continues to drop The Pound's value has fallen across the board in the past few weeks as investors and speculators alike avoid Sterling until there is a much clearer path and picture ahead. It is quite understandable that Sterling is dropping. Although it does...
What Topics Could Impact the Pound Next

Pound makes gains against the Euro and the US Dollar but how long will...

The Pound made some gains yesterday after much better than expected UK Services Sector data which showed a rise to 54 compared to the previous month which was 52.8. This has given rise to a hint that interest rate rises may be discussed again but until we have a flurry of good economic data I do not foresee a rate hike coming in the near future for the UK. The Pound is now trading above 1.14 against the Euro and also 1.34 against the US Dollar...
Pound to Dollar Forecast: GBP to USD Rate Edges Lower

Pound to US Dollar rate falls owing to Brexit stumbling block

Pound hits highest rate vs US Dollar since May 2019 The pound to US dollar exchange rate hit its highest level yesterday since mid-May after it appeared as though the Brexit talks are proceeding in the right direction. However, this morning the DUP announced that it would not be able to support the deal in its current form. The issues that the DUP are concerned with are the lack of clarity concerning both customs and consent issues. We are now just two weeks from the official...
Pound to Dollar Forecast: GBP to USD Rate Edges Lower

Pound to Dollar Exchange Rates in Run Up to Brexit Meaningful Vote

Pound to dollar exchange rates should be set for a volatile fortnight as Brexit now moves into the final stages after Parliament has returned from the Christmas recess. The meaningful vote which was supposed to take place before Christmas is now scheduled to be held 15th January. The withdrawal agreement and Brexit deal will be debated in the House of Commons this week leaving a short but very uncertain period for the pound before new direction is provided whichever way the vote goes. Irish...
GBP to USD Rate Declines for Four Consecutive Days

Interest rates, tariffs and jobs data to impact Pound to Dollar rates

The pound to US dollar rate could be set for a rather volatile period soon. When will the US cut interest rates? US Fed Chair Jerome Powell has suggested that the Fed could be considering cutting interest rates in the near future. With the Trade Wars still rumbling on this is causing a headache for the Federal Reserve. Powell also went on to suggest the Fed would 'act as appropriate.' In my mind this suggests that the Fed are planning a shift in monetary policy. Previously, Bullard...