US Dollar continues to remain strong against the Pound and Euro

US Dollar continues to remain strong against the Pound and Euro

Dollar goes from strength to strength The pound to US dollar exchange rate has been performing poorly of late against as the US dollar strengthens against a number of different currencies including vs the euro and the pound. The price of gold has recently high a 6 year high and as gold is priced in US dollars then this can often cause the US dollar to strengthen. Global investors still appear to be concerned with a global slowdown and this is causing them to see...
Can Sterling reverse it's recent losses against the US Dollar, and how will Brexit impact the Pound's value?

Can Sterling reverse it’s recent losses against the US Dollar, and how will Brexit...

Last week the pound to US dollar exchange rates were the strongest for sterling in roughly two-months, as the continued sell off for the pound came to a halt as hopes for a Brexit breakthrough increased. Boris to meet EU leaders: What could happen to GBP/USD exchange rates? UK Prime Minister, Boris Johnson will be meeting French President Emmanuel Macron and German Chancellor Angela Merkel this week in advance of the G7 summit that will take place over the weekend. The Irish backstop is once again...
Pound to US Dollar Outlook - Brexit Deal or No Deal

Pound to US Dollar Outlook – Brexit Deal or No Deal

The pound to US dollar interbank exchange rate has picked up after a positive day yesterday, with rates now sitting over 1.21 for the GBP to USD pair. UK retail sales data rose in July by 0.2% to 0.9% which was well ahead of an expected fall of -0.2%. This positive data is welcome for the UK and comes at a time when Brexit uncertainly is keeping the pressure on sterling exchange rates. The latest in the Brexit story is that a number of...
Pound to US Dollar rate With fears of a US recession, will GBP/USD exchange rates fall below 1.20?

Pound to US Dollar rate: With fears of a US recession, will GBP/USD exchange...

Pound to US dollar exchange rates remain marooned in the low 1.20’s, with sterling struggling to make any substantial headway over recent days. The pound has seen its value slide further this week, trading under 1.21 at the time of writing, and is now trading perilously close to a 30-year low against the USD. No deal prospect weighing on Sterling There could be a direct correlation between the prospect of a no-deal Brexit increasing, and the pound’s value falling, with a number of news outlets...
Pound to US Dollar forecast Is Sterling going to continue to strengthen against the US Dollar?

Pound to US Dollar outlook: Will GBP/USD slip below 1.20?

Pound to US Dollar forecast: US China trade war continues to affect GBP/USD exchange rates The pound to US dollar exchange rate has taken its cues from the recent sudden shifts in Brexit, US interest rates and the developments in the US China trade wars. Recent developments this week have seen Trump delay the implementation of further tariffs on US goods, which helped the US dollar revisit its post-Brexit vote highs of 1.20 on the interbank rate, i.e the strongest for the US currency against...
Pound to US Dollar exchange rate USD slides against other 'safe haven' currencies as US China trade war continues

Pound to US Dollar exchange rate: USD slides against other ‘safe haven’ currencies as...

US China trade war: Currency manipulation and tariffs It looks as though there is no end in sight to the US China trade war. Like Brexit the trade war is coming at a cost, hurting global business sentiment. US President, Donald Trump last week confirmed he would impose further tariffs on Chinese goods. On Monday, China then were accused of allowing its currency to weaken to its lowest level since 2008, with Washington accusing Beijing of manipulating the currency. After continuing to weaken, the Yuan held around the 11 year...
Pound to US Dollar forecast Sterling continues to slide against the USD will GBP continue to fall?

Pound to US Dollar forecast: Sterling continues to slide against the USD, will GBP...

Sterling falls to 31 month lows against the US Dollar The pound to US dollar exchange rate continues to test the lower levels with interbank rates for GBP vs USD currently sitting at 1.2180 for the pair. It’s a case of both sterling weakness as a result of Brexit and dollar strength. With no deal preparations in full swing in the UK and under the leadership of the new Prime Minister Boris Johnson, the pound has reacted negatively to the increased likelihood that the UK...
Pound to US Dollar exchange rates a slight boost for the Pound vs the US Dollar

Pound to US Dollar exchanges rate: GBP/USD rates close to 2 and a 1/2...

Pound to US dollar exchange rates are now trading close to a 2 and a ½ year low, with the pound now trading under 1.22 on the interbank exchange against its US dollar counterpart. Boris Johnson continues his 'no deal' rhetoric The rhetoric around the UK potentially leaving the EU without a deal continues to intensify. Boris Johnson’s appointment as the new Prime Minister was met with mixed reactions, but since taking up the reigns he has laid out his Brexit position with stark clarity. Johnson has...
Pound to US Dollar Outlook As Sterling weakens will GBPUSD break below 1.20?

Pound to US Dollar Outlook: As Sterling weakens, will GBP/USD break below 1.20?

Pound to US Dollar exchange rate Pound to US dollar exchange rates have continued to move lower the past 3 months, with the interbank exchange rate trading between 1.3151 and 1.2091 in that period, having last been over 1.30 at the beginning of May. A quick review of various forecasters sees many predictions for GBP/USD to hit sub 1.20, should a no-deal Brexit take place. Important economic news this week might take a backseat to the ongoing political news on Brexit and the Trade Wars,...
Pound to US Dollar Outlook - Brexit Deal or No Deal

Sterling closing in on lowest level against US Dollar since October 2016: Will the...

The pound to US dollar has no doubt had a bad run of form lately with 'no deal' Brexit concerns most likely the main driver for sterling weakness over the past few weeks. Boris Johnson's hard-line Brexit stance weakening GBP Boris Johnson and his hard-line approach on leaving the EU on October 31st no matter what is potentially causing investors and speculators alike to steer clear of the pound until there is a clearer picture of what may actually happen. This could be fairly understandable as...