Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break Brexit Deadlock

Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break...

The pound to dollar rate dropped by more than 1 per cent on Monday, slipping below the 1.33 level in the process – and putting the pair on course for its worst day in three months. Hopes for progress towards a UK-EU trade deal over the weekend were dashed as Brexit talks remained deadlocked. Terms like “hanging in the balance” and on a “knife-edge” were again rolled out by officials to describe the current state of negotiations. The pound had firmed towards the end...
Pound to Dollar Rate Plummets as Investor Confidence Wanes

Pound to Dollar Rate Buoyed by Drop in UK Covid Cases

The pound shot up to within touching distance of 1.39 against the dollar on Tuesday after it was revealed that cases of Covid-19 in Britain have dropped for the sixth consecutive day, just eight days after ‘Freedom Day’. The US currency was feeling the heat from mounting tension ahead of the release of minutes from the Federal Reserve's July meeting today. Last month, Fed Chair Jerome Powell said that the debate about tapering asset purchasing had begun, and the central bank signalled two rate...
GBP USD Breaks Through 1.33 After BoE Hikes Rates

Pound to Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD

The pound to US dollar exchange rate has rallied higher this morning with rates moving towards 1.26 for the GBPUSD pair. The pound spiked higher after UK Prime Minister Boris Johnson left hospital as his coronavirus symptoms improved. With little economic data for the UK today focus will likely centre on how the government continues to respond to coronavirus developments. It has been reported that France is to extend its lockdown period until 11th May and Britain is expected to announce a similar policy later...
GBP USD Boosted as UK Manufacturing Ends 2021 on a High

Pound to Dollar Rate Feels Weight of Covid Concerns

The pound vs dollar rate was rangebound yesterday as investors considered the possibility that a new Covid-19 variant – first identified in India – could push back the final phase of the government’s roadmap out of lockdown on 21 June. Having touched a fresh three-year high against the dollar on Tuesday, the pound dropped lower almost immediately – falling from 1.4250 back to the 1.41 level. The pound has been spurred on by Britain’s rapid vaccination programme this year, which has engendered positive global...
GBP USD Climbs to Two-month High on Rate Expectations

GBP/USD continues to fall

So far this week we have seen further Sterling weakness against most major currencies, almost hitting a year low against the Dollar this is mainly due to Brexit uncertainty still managing to overrule any positive news we have had about the current state of the economy. We have very little in terms of economic data due to be released for the U.K until the end of the week. It seems that investors and speculators alike are still avoiding the Pound, following on from Bank of...
GBP USD Plummets to Lowest Level of 2021

Will Trump build the wall? Will GBP/USD rates rise or fall in the coming...

Donald Trump has threatened to declare a 'state of emergency' in order to source extra funding that will allow him to obtain funds to build the wall. As a key campaign promise Donald Trump's reputation is on the line, and his most vociferous backers have been putting real pressure on him meeting this key commitment. The US Dollar strengthens while the Pound weakens The US dollar has actually risen marginally against sterling, in part because of a weaker pound, but also because Trump, in pursuing this...
Pound to Dollar Rate Plummets as Investor Confidence Wanes

GBP to USD Forecast: Pound Regains Balance After Downbeat Carney Comments

Brexit Bill Passes Through House of Commons The pound to US dollar rate managed to hold relatively steady on Friday after a downbeat speech from Mark Carney had caused it to tumble back below the 1.31 level the previous day. The governor of the Bank of England hinted that an interest rate could be required to shore up the UK economy. His comments added to the pressure the pound was already feeling about the prospect of a no-deal Brexit. The pound received some welcome news on...
GBP EUR Exchange Rate: Weekly Review January 15th  

Pound to Dollar Rate Consolidates Gains

The pound, which clawed its way up from multi-month lows last week, continued its recovery on Monday before hitting a speed bump having broken through the 1.36 barrier. However, the UK currency received a boost on Tuesday morning from the latest IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) survey. Firms in the UK’s dominant services sector hiked prices at a record pace in September as they contended with surging cost pressures and plummeting new orders due to supply issues and staff shortages. The closely...
GBP USD Rate Choppy Amid Omicron Developments

GBP/USD rates: Trade wars and Brexit continue to be key

Politics will once again most likely be the main driver for GBP/USD rates, with Brexit still well and truly in focus for the pound, and Donald Trump and his global trade wars impacting the dollar too. Once again it seems that the U.S is in stalemate with China at present, and this is not only leading to rising global uncertainty in the stock markets, but also a weakening of the perceived 'riskier' currencies that are attached to China, such as the Australian dollar. It seem unlikely...
GBP EUR Higher with UK Construction Figures

USD continues to strengthen against GBP even after the Tory Party Conference

The US dollar has been maintaining its strength against sterling, with GBPUSD exchange rates now trading below 1.30 as the pound remains under pressure caused by the ongoing Brexit uncertainty. Even the Tory Party Conference which finished yesterday did little to improve sterling's prospects in the short term vs the US Dollar, which highlights the strength of the world's leading economy and its currency. The US Federal Reserve has hiked interest rates 8 times since December 2015, and at the moment expectations are for a further...