Potential for another US interest rate hike and the impact of the UK's meaningful vote next week

Potential for another US interest rate hike and the impact of the UK’s meaningful...

The US Dollar has continued to fight back against the Pound this week and has already moved by 2 cents during the last few days or the difference of £2,400 on a currency transfer of USD $200,000. This movement demonstrates how volatile the currency markets are and highlights the importance of being kept up to date with a currency broker. After seeing some indifferent economic figures Stateside the data published yesterday showed an improvement in the services sector of 59.7 from 56.7 compared to the previous...
Pound Sterling Forecast: Will the Pound strengthen further against the Euro?

What can we expect next for the pound?

The pound seems to be gently pushing forward as confidence over an interest rate hike keeps the pound elevated against its counterparts. Sterling is higher against pretty much all currencies bar the US dollar which itself has been much stronger in the last week as investors confidence in the US economy rose. The next stage post for the pound is tomorrow's UK GDP (Gross Domestic Product) data which could easily be a market mover. Tomorrow's news will be the first estimate of Q1 GDP. This...
Pound to US Dollar Exchange Rate: What will Brexit do to the GBP/USD rate?

Sterling Exchange Rates Rally ahead of Expected Theresa May Speech

The Pound has rallied higher today against nearly all of the major currencies with good gains against the US Dollar. Rates for GBP USD have touched 1.40 earlier today. The surge in Sterling has come about following yesterday’s government meeting at Chequers which supposedly found unity within the government on its approach to the upcoming Brexit trade negotiations. Reports are suggesting a slightly softer Brexit with no customs union which the markets are taking positively and has helped lift sterling. More will be offered next...
GBPUSD Slips Away from 9 Month High

Will the Pound manage to break 1.30 against the US Dollar this week?

The Pound has made some gains vs the US Dollar during yesterday's trading session sending the Interbank level back towards 1.29. We have already seen a rather volatile period for USD exchange rates during August with a movement of four cents from the high to the low during last month. We have seen a steady decline for the Pound since Easter with exchange rates hitting their lowest level to buy US Dollars with Pounds in almost a year over the last few days. However, we saw...
Brexit no deal worries still holding Sterling back against Euro

When shall I move?

Sterling Seller Strategy - GBP/EUR, GBP/USD and GBP/AUD GBP/EUR – Sterling is suffering due to the uncertainty surrounding Brexit. One of the key points of negotiation is whether or not the UK financial sector will have access to the single market following Brexit. This is proving to be particularly difficult. Theresa May’s proposal was for the UK to continue to have access to the single market and to abide by the highest standards of international laws. This was declined by Brussels. The French wish to attract...

Sterling Supported on Transitional Deal

The Pound has been given a major boost following the agreement on the transitional deal which was agreed yesterday by Brexit secretary David Davis and his EU counterpart Michel Barnier. GBP EUR rates broke through 1.14 before retreating slightly whilst GBP USD remains above 1.40 for the pair. Britain will effectively be able to access the single market but without being able to be involved in the rule making. The gains are already proving somewhat limited however and there has been a political backlash from...
Pound to Dollar forecast: Brexit vote set to cause GBP/USD volatility

Will pound to US dollar rates get back over 1.30?

The pound to US dollar rate has been rather volatile in 2019 as the market struggles to find its feet, and Brexit continues to deliver uncertainty to the GBP/USD pairing. A series of important events in the United States and globally too, have seen the US dollar fluctuating in value. The expectation for the pairing is continued uncertainty. It does appear the slightly weaker US dollar of 2019 could be here to stay. To get back over 1.30 we need some more positive news on...
Could we see further USD strength against GBP with progress on trade wars?

Could we see USD strength against GBP with progress on trade wars?

The US dollar has continued to strengthen against the pound, causing GBP/USD exchange rates to hit their lowest level to buy US dollars with pounds since June 2017. GBP/USD forecast The US dollar has gone from strength to strength and continued with its impressive economic data, and has seen the benefit of both political and economic concerns across the globe. Indeed, in the last month the GBP/USD exchange rate has dropped by 4 cents, or the difference of £4,800 on a currency transfer of $200,000. Yesterday afternoon,...
Pound to Dollar forecast: Brexit vote set to cause GBP/USD volatility

US Dollar improves against the Pound owing to Brexit uncertainty and US interest rate...

The US Dollar to Pound rate remains close to its best levels of 2018 as the uncertainty of Brexit continues to rumble on. The vote on the Brexit deal was postponed last week after it became apparent that MPs would not have voted in favour of the current deal on offer. This then led to the Tories putting forward a vote of no confidence in Theresa May, but she managed to survive this with a win of 200-117 last week. Since then Prime Minister Theresa May...
242 vs 391 - the Nos have it! Further uncertainty for the UK

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...