Pound US Dollar Forecast: With Brexit less than 4 weeks away what will happen to GBP/USD rates?

Pound US Dollar Forecast: With Brexit less than 4 weeks away what will happen...

Over the last few days it appears as though the talks between the US and China are improving and this could mean an agreement is reached in the near future. Part of the new agreement means that China will have to buy US based agricultural goods as well as reducing costs for American companies based in China. The US Dollar marginally strengthened against the Pound towards the end of last week and if the talks conclude this could provide the Dollar with further strength against the...
GBP to USD rates weaken after Theresa May statement last night

Pound vs Dollar: GBP/USD increases 4 1/2 cents in 2 weeks

Over the last 2 weeks GBP/USD, also known as cable, has increased by 4 1/2 cents making a $300,000 purchase £7,960 cheaper. This is fantastic news for clients buying US dollars as cable had been trading in the 1.20s for a considerable amount of time. The reason why the pound had a fantastic finish to February was because UK Prime Minister Theresa May confirmed that she will give MPs a say if her deal does not get a majority later this month. The three votes...
Pound vs Dollar forecast: Sterling hits highest level against Dollar since June 2018

Pound vs Dollar forecast: Sterling hits highest level against Dollar since June 2018

Sterling has made good against the Dollar over the course of trading this week and in fact at points yesterday hit the highest market level we have had since June 2018. Pound vs Dollar forecast The GBP/USD rate appears to be hitting a slight level of resistance up in the 1.33s. If the Pound can have a final push this week then we may find that it pushes through and up closer to the 1.35 level, which we have not seen since early 2018. UK receives positive investment...
Pound to Dollar rates: Brexit delay sends Sterling up against the US Dollar

Pound to Dollar rates: Brexit delay sends Sterling up against the US Dollar

The Pound has broken past 1.32 against the US Dollar during this morning's trading session as it appears as though the Brexit date might well be extended past 29th March according to Prime Minister Theresa May. Theresa May has once again delayed the next vote and this has now been planned to take place on 12th March so the time is ticking and we are just 31 days away from when the UK is due to officially leave the European Union. Labour appears to be backing...
GBP/USD rates: Has President Trump offered an olive branch in the trade standoff with China

GBP/USD rates: Has President Trump offered an olive branch in the trade standoff with...

GBP/USD rates moved back above 1.30 last week and whilst it has yet to make any further inroads, it did at least find sufficient support to keep above this key threshold. Investors will now be questioning whether the current spike is sustainable, or are we witnessing yet another false dawn for the Pound? Whilst GBP saw its value spike across the board, possibly due to the fact that the chances of the UK leaving the EU without a deal seem to be diminishing, we still don’t...
GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being avoided

GBP/USD exchange rates move back above 1.30 as US FED softens interest rate stance

GBP/USD exchange rates have move backed above 1.30 this week, with the Pound now finding plenty of support around this key threshold for the pair. Whilst GBP has yet to make any aggressive move above this level, those clients holding the Pound will be relieved to see it moving back towards some of the highs of the past six months. This improvement has come despite the UK seemingly being no closer to agreeing a Brexit deal with the EU, ahead of the impending deadline next month....
GBP/USD Forecast: Will GBP/USD exchange rates remain over 1.30?

GBP/USD Forecast: Will GBP/USD exchange rates remain over 1.30?

GBP/USD exchange rates have risen above 1.30 this week following renewed optimism that there will be some kind of deal agreed on Brexit soon. The expectation for the pound ahead is of course volatility but the growing expectation for more positive, or less negative news, has helped the currency to strengthen. Continued turmoil in the main political parties has also triggered volatility as investors await further news on what lies ahead. With the recent Labour and Conservative party deserters, investors are having to deal with...
GBPUSD Slips Away from 9 Month High

Pound to Dollar Exchange Rates Push Back Over 1.30

Pound to dollar exchange rates has moved higher with good gains of over 1% seen yesterday for the GBP to USD pair taking rates above 1.30. The move higher comes ahead of an important meeting today between UK Prime Minister Theresa May and European Commission President Jean Claude Juncker. Optimism has been growing that there may be some sort of compromise or adjustment on the controversial Irish backstop, which has made the negotiations more difficult. There are two parts to this. It is believed...
Pound to US Dollar forecast: What could influence the Pound to US Dollar rate this week?

Pound to US Dollar forecast: What could influence the Pound to US Dollar rate...

The Pound to US Dollar rate dropped last week for the third consecutive week, as Brexit sentiment begins to take its toll on the Pound's value. Sterling has dropped by over 2% over the past few weeks against the US dollar which reflects the markets feelings of uncertainty surrounding the UK economy moving forward. The announcement of future closures of Honda car manufacturing factories in the UK hasn't helped either, even if the reasons behind the closures aren't Brexit related. The next likely market mover...
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...