Pound to US Dollar rate Further Dollar strength expected against Sterling?

Pound to US Dollar predictions: Will the pound fall further against the dollar?

The pound has had a torrid time against the US dollar for the last 4 months. GBP/USD (cable) mid market exchange rates have dropped approximately 5.5%. To put this into monetary value a $250,000 purchase is now just under £11,000 more expensive. Brexit continues to hamper Sterling It's been heavily documented in previous articles and mainstream media around the globe, the on going Brexit saga is having a major impact on the value of the pound. Bookmakers are predicting that Brexiteer Boris Johnson will be taking...
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...
Pound vs US Dollar rate USD the Safe Haven currency of choice

Pound vs US Dollar rate: USD the Safe Haven currency of choice

Pound to US Dollar forecast Pound to US dollar rates continue to struggle due to several contributing factors. Key factors are affecting rates are the political and economic uncertainties. The UK currently has no PM and we are in complete Brexit limbo. Boris is hotly tipped to become new PM and he has stated that he will be willing to bring a no deal scenario back to the table in order to negotiate an improved deal with Brussels. The problem this creates is that the higher...
Trump trade optimism sends the Pound to AUD rate lower

G20 summit and the impact on the US Dollar vs the Pound

G20 Summit Update The news coming from the G20 summit could be positive for anyone looking to convert Dollars into Pounds. US president Donald Trump has claimed that 'we are back on track with China.' After months of ongoing negotiations could we be nearing the end of the dispute? So far tariffs have been imposed on a huge number of goods coming in to the US from China. This has caused a lot of geopolitical tensions and a lot of movement on the global currency markets. Investors have flocked to...
Pound to Dollar forecast: Are we closing in on the end of the US China Trade war?

Pound to Dollar forecast: Are we closing in on the end of the US...

In today's Pound to Dollar forecast I discuss reports over the past few days of an increased potential of a trade agreement, or at least a truce to be agreed by leaders Donald Trump and Xi Jinping. U.S Treasury secretary Steven Mnuchin spoke to CNBC earlier in the week and commented that he felt that a trade deal was 95% complete. However, we also need to be cautious that this final 5% may well be the large sticking points and enough to not see progress. For...
Pound to US dollar forecast Dollar close to a 2 year high vs Sterling

Pound to US Dollar exchange rates: Dollar strong against the Sterling, but for how...

Will the Dollar improve against the Pound? The US dollar has continued to gain strength against the pound this week. In the next few days the G20 summit is due to take place in Osaka, with the event including the 20 leaders from the strongest nations. This will be the first occasion when Trump will be meeting Chinese Premier Xi Jinping since the talks broke down in May. The US-China trade war has been going on for over a year and this is causing problems for both...
Pound to US dollar exchange rates: pound to US dollar reaches 4 month low

Pound vs US Dollar rate: Sterling makes gains as US tensions with Iran deepen

Pound sees gains against the US Dollar Sterling has made some steady inroads against the USD over the past week, recovering over two cents against the greenback. GBP/USD rates have closed on 1.28 this morning, with the pound hitting a high of 1.2783. Whilst the USD has found some support around this level, the recent sell-off of USD currency positions, seems to have coincided with the escalating tensions between the US & Iran. With US President Donald Trump introducing tough sanctions on Iran, in the hope...
Pound to US Dollar forecast What will move GBPUSD levels this week

Pound to US Dollar forecast: What will move GBPUSD levels this week?

Pound to US Dollar rate under strain The pound to US dollar exchange rate is likely to come under some scrutiny this week, with a series of releases to move the currency markets. Expectations are for the GBP/USD exchange rate to come under influence from a number of different sources, including both Brexit and also more global factors. On the US dollar, there are also a series of domestic issues to contend with, including the prospect of a slowing economy leading to the US cutting interest...
Pound to US Dollar forecast When will the Fed cut interest rates

Pound to US Dollar forecast: When will the Fed cut interest rates?

When will the US cut interest rates? On Wednesday the Federal Reserve announced that they would once again keep interest rates on hold. However, the accompanying statement suggested that we could see interest rates being cut this year. With such a cautious tone I think Fed Chair Jerome Powell is gearing up to cut interest rates. US President Donald Trump has been extremely vocal about cutting rates but the Fed will have to remain impartial and independent. However, according to the report 7 of the 17...
Pound to US Dollar forecast Will Sterling continue its decline against the USD?

Pound vs US Dollar exchange rates: Could we see further USD strength?

Federal Reserve keep rates on hold The Fed have decided to make no change in interest rate levels, they will remain at 2.5%. The statement accompanying the decision had a dovish tone and caused a slight weakening of the US dollar against sterling. The word "patience" was removed from the statement and seems a rate cut could be on the cards. Fed chair, Jerome Powell has hinted at a potential cuts during 2019. Powell has mentioned concerns regarding the US/China trade war. There has been a...