GBPUSD rate affected by Brexit sentiment

Busy week ahead for GBPUSD exchanges!

This was always billed as a key period for sterling exchange rates and so it has proved. The GBPUSD rate has been very volatile with almost 6 cents movement since the end of August between the high and the low on the pairing. There are numerous events taking place at present which are giving the market the fuel it needs for the volatility, including Brexit and the ongoing trade wars. A key driver is of course the EU Summit and the market's reactions to the...
Pound to Canadian dollar outlook: Factors that are impacting sterling

Prospective Brexit likely to help support sterling above 1.30 against the greenback

GBP/USD rates are currently trading just above 1.31, with the pound finding some support around this threshold following yesterday’s losses. Having seen its value increase against the greenback for much of last week, GBP came under pressure over the weekend. This drop in value came in line with news that a Brexit deal was yet to be agreed between the UK and EU, despite a number of reports to the contrary on Saturday. It is believed that the Irish border issue remains the final sticking point,...
GBP/USD Forecast: Will GBP/USD exchange rates remain over 1.30?

GBP/USD exchange rate continues to rise as Brexit deal signs are positive

The pound has continued to climb against the Dollar in trading this week as both parties involved in Brexit negotiations appear to be compromising and closing in on an agreement to be put in place sooner than many analysts had originally thought. We have an EU summit based on Brexit due next Thursday and Friday and until a week or so ago it had been thought that a deal would not be reached before the end of that, leading to uncertainty for the Pound and...
Pound to Dollar forecast: Are we closing in on the end of the US China Trade war?

Brexit talks going well which improves the Pound’s prospects vs the US Dollar

The Pound has begun to make some gains vs the US Dollar as it looks as though things are sorting themselves out behind the scenes with the Brexit talks. During 2018 the US Dollar has generally speaking been going from strength to strength owing to the pace of interest rate hikes, and with the base rate now standing at 2.25% with a further hike expected we could see further Dollar strength towards the end of this year. The Dollar's strength is clear when you look at...
Pound to US Dollar forecast Will Sterling continue its decline against the USD?

Will GBP/USD Rates Fall Back below 1.30?

GBP/USD rates continue to trade above 1.30, but how long will sterling continue to find protection above this key threshold? The pound found some much-needed support over recent weeks, which was welcomed by those clients holding sterling currency positons after a sustained period of stagnation against the greenback. Reports surfaced last week that a Brexit deal might be edging closer, which if confirmed would almost certainly bring with it an element of relief for the markets. These reports gathered pace over the weekend, with potential developments...
Will today's cabinet meeting result in a clearer path to Brexit?

Sterling makes gains following news on Irish Border Deal

Sterling has made gains against the USD and is now sitting above the 1.30 mark. This was due to an Irish border deal coming close to fruition, one of the major sticking points in getting a Brexit deal sewn up. A lack of clarity surrounding Brexit has kept the pound anchored at low levels, pre-Brexit GBP/USD sat above 1.40. News on the Irish border is definitely positive news and I think a deal may well be agreed in the coming weeks. If that is the...
Will the Dollar get stronger in 2019? Interest rate hike from the Federal Reserve

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...
Pound to US dollar forecast Dollar close to a 2 year high vs Sterling

GBPUSD rates back below 1.30

The US dollar has strengthened in value following a big shift on EURUSD exchange rates as concerns mount over Italian debt. Clients concerned with buying or selling US Dollars also need to contend with what might lie ahead in Brexit negotiations and also this week's Conservative Party Conference. There has been a growing belief that we would see a rise in the value of the Pound if Brexit negotiations move further ahead but so far we have not had anything concrete confirmed. The big event...
GBP/USD exchange rate slips once again

US Dollar strength vs Sterling following this week’s interest rate hike in the US

The US dollar has once again started to strengthen against both the pound and the euro towards the end of this week after the US Federal Reserve decided to increase interest rates for the eighth time since December 2015 on Wednesday evening. The base rate now sits at 2.25% and there were many reasons provided by the Fed for the change in monetary policy. The reasons given were strong economic growth and very impressive unemployment figures during the course of this year. Indeed, with economic...
Pound vs Dollar: US Jobless Claims rise - Will the Federal Reserve cut interest rates?

GBP/USD Forecast – US Fed hikes interest rates by 0.25% as expected

As expected, the US Fed raised interest rates again yesterday during their latest policy meeting. The 0.25% rise was widely anticipated but still helped to boost the USD value slightly. GBP/USD exchange rates have dipped this morning, with the greenback hitting 1.3108 at its high. The US economy continues to post impressive numbers, with this show of economic strength also helping to protect the US Dollar’s value around its current levels against Sterling. Despite this, the Pound has at least shown some lift of late and GBPUSD...