Pound to Dollar Falls Lower as Trade War Tensions Escalate

Pound to Dollar Falls Lower as Trade War Tensions Escalate

The pound to dollar exchange rate is continuing to lose ground with rates for GBP vs USD sitting below 1.2750 as the ongoing Brexit uncertainty drives sterling lower. UK Prime Minster Theresa May is taking her agreed deal with the EU to the country this week to win the general public’s support ahead of a key vote in Parliament expected on the 11th December. The deal on the table has received a hostile reception from a large number of politicians and it seems unlikely...
Will the Pound to US Dollar rate hit an annual low this month?

GBP to USD rates: Sterling relatively flat despite Brexit breakthrough

The Pound has started the week relatively flat across the board of major currencies this morning, despite some positive news for UK Prime Minister May last night. At the EU Summit which involved all 27 member states it took less than 40 minutes for the EU leaders to accept the Brexit bill that was recently drawn up by UK and EU leaders. The agreements included the political declaration, the Brexit bill and the back-stop agreement which is likely to continue to be an issue...
Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

Pound to Dollar forecast: Spain could veto Brexit Deal

Pound to Dollar forecast: Brexit developments key for GBP/USD rate Sterling gained ground yesterday against the majority of major currencies. Theresa May remains stubborn in her stance and intends to stay in her position as Prime Minister and see through the Brexit process. She is still adamant that a Brexit deal can be agreed. President of the European Council, Donald Tusk has announced that the EU Commission has informed him that a draft deal had been agreed at a negotiator's level and agreed in principle at...
Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit agreement

Pound Dollar Forecast: EU Summit to impact Pound to Dollar Rates

Brexit news causes the Pound to weaken against the US Dollar The US Dollar has once again improved against the Pound dropping almost 3% in a week or the difference of £4,600 on a currency transfer of US$200,000. The latest news on Brexit and the issues surrounding the proposed draft Brexit deal has not gone well for the Pound in relation to a number of different currencies including versus the US Dollar. Prime Minister Theresa May is due in Brussels over the weekend as the UK and...

Sterling to Dollar exchange rate remains stable so far this week

The Sterling to Dollar exchange rate has remained fairly stable in trading sessions so far this week, with the markets having wobbled slightly this time last week due to Brexit concerns along with uncertainty over the position of UK Prime Minister Theresa May. Sterling to Dollar exchange rate sat around 1.28 levels Having broken back through the 1.30 mark Sterling quickly retracted back against the Dollar and swiftly retraced back down into the 1.26 levels. Since then Sterling has made a slight recovery due to Theresa...
Pound to US Dollar Rate Uncertain as Pressure Builds on Theresa May

Pound to US Dollar Rate Uncertain as Pressure Builds on Theresa May

The pound has marginally recovered this week after what was a sharp fall in the pound to US dollar rate following the Government resignations last week over the handling of Brexit. Rates for GBP to USD face a particularly uncertain few weeks ahead of a meaningful vote in Parliament over the final terms of this Brexit deal, which is expected in the middle of December. With such strong opposition to the deal including the loss of support from the Democratic Unionist Party (DUP) it is...
Pound to US dollar forecast Dollar close to a 2 year high vs Sterling

Pound to US Dollar rate remains close to annual low as Brexit pressure continues

Cable (the Pound to US Dollar rate) has begun the week trading comfortably in the 1.28's this morning as the Pound has begun the week positively after a steep sell-off last week. Sterling exchange rates are mostly in the green this morning as the fears of further Cabinet resignations have failed to materialise so far, although last week's resignations were the main reasons for the volatile week of trading for the Pound. Will a no-confidence vote hit the Pound to US Dollar rate this week? A...
Pound to US Dollar forecast Best time in 2 years to sell US Dollars for Pounds

Pound US Dollar forecast – Could we see further losses for the Pound against...

The Pound has once again got close to its lowest level against the US Dollar during 2018, as the Brexit deal on offer has been received very badly by the foreign exchange markets. Brexit Secretary Dominic Raab has announced his resignation after the Cabinet meeting as well as Pensions Secretary Esther McVey, who both could not continue in their current roles after the decision on the draft deal. Indeed, Raab is the second Brexit Secretary to resign this year. Pound US Dollar Forecast: Pound Sterling weakness...
Pound to CAD rates: Fears over a no-deal Brexit starting to resurface

GBP/USD Exchange Rate ahead of Brexit Cabinet Meeting

The outlook for the GBP/USD exchange rate The pound has rallied considerably higher this week against the US dollar on renewed confidence that a Brexit deal will be reached. Over the last two weeks there has been a movement of almost 5 cents in GBP/USD exchange rate which equated to a difference of $9,000 on a £200,000 transfer. GBP/USD rates have now broken over 1.30 once again after a deal on Brexit was agreed yesterday between the EU and UK. An emergency cabinet meeting will be...
Pound to Dollar forecast: Are we closing in on the end of the US China Trade war?

Pound to dollar forecast: Will GBP/USD rate rise or fall on Brexit?

In the latest pound to dollar forecast we look at the current outlook for the GBP/USD rate. The US dollar made further in roads against the pound in a volatile day of trading yesterday with over 1% movement on the pound to dollar rate. Having looked so comfortable above 1.30 and hitting 1.3226 in the last month on Brexit optimism, it was not a major surprise to see Brexit uncertainties weaken the pound. Sterling has lost ground over the fresh likelihood of a no-deal scenario...