US dollar Forecast: US GDP data and the impact on pound vs dollar rates

Pound hits 4 week high against the US Dollar

The Pound has had a very strong end to the week vs the US Dollar after the dismal local election results for the Tories and the Labour party. The results have encouraged a number of senior Tory members to put pressure on the Tory party to progress the cross party talks in order to deliver a Brexit and Theresa May has been quoted as saying the public wanted to 'see the issue of Brexit resolved.' The rumours have increased over the weekend that the talks are...
Pound to dollar exchange rate remains range bound: Which way will it break?

Pound to dollar exchange rate remains range bound: Which way will it break?

Sterling exchange rates against the dollar have been just above and just below the 1.30 mark for a few weeks now, and it seems that the pairing is finding it hard to break out of this range. Politics in the UK does appear to be holding the pound back from making any vast improvements, however for those that have a currency exchange to carry out in the coming weeks it is important to be aware that should there be a breakthrough the pound could be...
Pound to US dollar forecast: Gains for sterling despite Brexit limbo

Pound to US dollar forecast: Gains for sterling despite Brexit limbo

Sterling to US dollar rates has made advances this week following rumours that there has been progression in Brexit talks between Jeremy Corbyn and Theresa May. Cross-party Brexit talks Theresa May's aim is to put together a mutually acceptable Brexit deal between the Tories and Labour so she can then get the deal through parliament. May has also stated it is a matter of urgency and that she would like to get a deal in place before the European elections on May 23rd. I am far from...
GBP/USD rates: Best time to buy US dollars in 2 months

GBP/USD rates: Best time to buy US dollars in 2 months

The pound to us dollar rate has risen during the course of this week. It is now the best time to buy US dollars in the last two months, as it appears as though US interest rates may not be going up as quickly as the markets had previously expected. Brexit positivity provides a boost for sterling exchange rates Talks between the Conservatives and the Labour party concerning Brexit appeared to be getting somewhere and this managed to provide the pound with a boost against a...
US dollar improving against the pound

GBP/USD exchange rates continue to trade below 1.30

The USD continues to find plenty of support against GBP, with the pound struggling to make any advancement back towards 1.30. This level has become a key threshold for GBP/USD rates in recent times, with the current economic climate restricting any major advancements for the pound. UK Prime Minister is still trying to find some common Brexit ground with Labour, with talks resuming yesterday between the UK’s two leading political parties. UK Prime Minister Theresa May hopes that these talks will finally break the current deadlock...
Pound to US dollar forecast : Busy week ahead for GBP/USD exchange rates

Pound to US dollar forecast : Busy week ahead for GBP/USD exchange rates

There is busy week ahead for GBP/USD exchange rates with a number of key events to potentially move the market. Pound to US dollar exchange rates have been volatile in 2019 as investors eye up the conflicting views on Brexit that may influence sterling, with the US dollar also looking uncertain on which direction it will take. This week is a crucial time for the pound with the latest news on UK local election expected Friday with the vote taking place on Thursday. Clients with...
US dollar Forecast: US GDP data and the impact on pound vs dollar rates

US dollar Forecast: US GDP data and the impact on pound vs dollar rates

The US dollar has continued to go from strength to strength recently owing to a number of strong data releases recently. It has also been used as the safe haven of choice caused by the concerns of a potential global slowdown. The US dollar is often used as a safe haven currency and in times of geopolitical uncertainty it will often strengthen against the pound. During yesterday's trading session the US dollar improved once again after data confirmed that orders for US made goods increased...
GBP/USD exchange rates edge lower due to UK economic data and US border security deal

GBP/USD exchange rates trading back below 1.30

GBP has come under increasing pressure against the USD over recent days, with the pound falling back below 1.30. This threshold has been a key resistance level for the pair over recent months, with sterling’s drop below it proving that investor confidence in the pound remains extremely fragile. Brexit delay weighs on pound The pound’s drop in value this week has come in line with the markets growing realisation that any prospective Brexit deal, likely remains some way off. UK Prime Minster Theresa May is adamant that the...
Pound to dollar forecast: Best rates to sell US dollars for pounds in 2 months

Pound vs dollar forecast: Best rates to sell US dollars for pounds in 2...

It is currently just over the best time in 2 months to sell US dollars for pounds, as uncertainty over the Brexit looms. The US dollar is continuing to find favour. Despite concerns over the direction of future interest rate hikes, the dollar continues to be a very attractive currency to be holding, owing to the higher interest rates on offer. Rise in US stocks helps fuel US dollar investment A recent upturn in sentiment on the stock market, which has seen US stocks rise to...
US/China trade war escalates

GBP to USD – Brexit returns

After the Easter recess Brexit now returns to the agenda with another round of volatility to be expected in these coming weeks. The pound to dollar exchange rate has struggled to gain momentum with rates falling below 1.30 for the GBP/USD pair. Data from the US has proven resilient despite the Federal Reserve looking to pause on any further interest rate hikes throughout 2019. Industrial production data from last week saw a small decline on the month but still showed growth over the course of...