GBP to USD Rate Declines for Four Consecutive Days

Euro Trades Flat Against the US Dollar Ahead of Federal Reserve Meeting Minutes

The euro to US dollar exchange rate remained muted, leaving the pairing trading at $1.0803. USD remains under pressure as investors await the release of the Federal Reserve meeting minutes later this evening. Despite the ‘Greenback’ was aided on Tuesday after the Empire State manufacturing survey boosted to a nine-month high, the pairing remained muted. US manufacturing shows uptick as coronavirus fears ease up a little Yesterday saw the Empire State manufacturing survey jump to a nine-month high after the index rose by 8 points...
GBP to USD Rate Falls to 10-day Low

Pound to Dollar Forecast: GBP to USD Rate Profits from Positive Wage Data

UK wages rise to highest level since March 2008 The pound to US dollar rate was given an adrenaline shot by encouraging employment and wage data yesterday, having briefly dipped below the 1.30 level. Employment increased by 180,000 in the three months to December to a record high of 32.93 million. While unemployment held steady at 1.29 million (3.8%), compared to 4% during the same period in 2018 period. The market was particularly impressed by the wage data from the Office for National Statistics, which...
USD Edges Over Euro Following Recent Poor Performance and Disappointing ZEW Survey Data

USD Edges Over Euro Following Recent Poor Performance and Disappointing ZEW Survey Data

The USD has benefitted in its exchange rate pairings against the euro over the past couple of weeks as the single-currency continues to struggle to find a rallying point to lift itself out of a pit of pessimism. The EUR/USD exchange rate just managed to navigate above earlier YTD lows in the proximity of 1.0820 levels, last seen in April 2017. The fears of the coronavirus have kept the USD maintaining strength as investors flock to the currency as a safe haven whilst the...
Pound to Dollar Forecast: GBP to USD Rate Slips Lower on the Back of Brexit Concerns

Pound to Dollar Forecast: GBP to USD Rate Slips Lower on the Back of...

France Warns of Bruising Brexit Battle Ahead The President’s Day bank holiday in the US, and a lack of significant events in the UK economic calendar, meant the pound to US dollar rate didn’t have any data to drive it in either direction yesterday. Instead, it was the hangover caused by a wave of worrying Brexit headlines over the weekend that sent the pair lower. For example, French foreign minister, Jean-Yves Le Drian warned Britain to expect a tough battle with the EU during the Brexit...
Pound to US Dollar Forecast GBP Takes Comfort in GDP Data

Sterling Edges Over US Dollar as UK and EU Poise for Further Trade Talks

Starting on the front foot this week, the GBP has edged over the USD. The Sterling managed to rise above the 1.30 level against the USD at the start of the new week, but the market is expecting Brexit negotiations and headlines to keep a cap on the GBP’s gains. Trade negotiations will be at the top of the market’s focus as David Frost, the UK’s chief negotiator is set to give a lecture alter tonight in Brussels. The market is anxiously awaiting him...
Pound to Dollar Forecast: GBP to USD Rate Edges Lower

Pound to Dollar Forecast: GBP to USD Rate Holds on to Impressive Gains

Pound Boosted by Hopes of Looser Monetary Policy The pound to US dollar rate managed to cling onto Thursday’s impressive gains, which were triggered by Sajid Javid’s shock resignation as chancellor, just four weeks before his first Budget. Belief amongst investors that his successor Rishi Sunak will implement less restrictive monetary policy measures that reduce the chances of an interest rate cut, caused the pair to rocket over the 1.30 level. The lack of UK data on Friday meant it remained there as the week...
Sajid Javid’s Shock Resignation Sends GBP to USD Rate Higher

Pound to Dollar Week Review: Sajid Javid’s Shock Resignation Sends GBP to USD Rate...

Signs of Post-Election Economic Recovery Fed Comments Boost Dollar Looking Ahead Signs of Post-Election Economic Recovery The pound to US dollar rate manged to mount a slight recovery from the previous weeks drubbing on Monday. However, before it began its trudge higher it briefly dipped to a 10-week low, as Brexit concerns continued to drag it down. Tuesday’s gross domestic product (GDP) figure revealed that the British economy failed to grow between October and the end of December – slowing from 0.5% in the third quarter....
GBP to USD Rate Bounces Above 1.30

Pound to Dollar Forecast: GBP to USD Rate Bounces Above 1.30

Sajid Javid Resigns as Chancellor The pound to US dollar rate shot well over the 1.30 level yesterday after briefly retreating. The trigger that sent it higher was pulled by Sajid Javid, who shocked Westminster – and currency markets – by quitting as Chancellor of the Exchequer amid Prime Minister Boris Johnson's cabinet reshuffle. Mr Javid rejected the prime minister’s order to fire his team of aides, forcing him to hand in his notice just four weeks before his first Budget. He will be replaced...
GBP to USD Rate Falls to 10-day Low

GBP to USD Forecast: Post-Election Economic Optimism Continues to Support Pound

Pound Maintains Steady Upward Trajectory The pound continued to benefit from signs of a post-election economic recovery and news of a sizeable increase in government spending for much of yesterday. This combined with the announcement that the High Speed 2 rail project – designed to link London, Birmingham, Manchester and Leeds – would go ahead, nudged the GBP to USD rate further towards the 1.30 level. In the absence of any notable UK data, there was little to check the pair’s stride yesterday, other than persistent...
GBP to USD Rate Declines for Four Consecutive Days

GBP to USD Forecast: Pound Encouraged by Signs of Post-Election Economic Rebound

Powell Comments Encourage Dollar Looking Ahead Contact Us Growth in gross domestic product (GDP) flatlined between October and the end of December – slowing from 0.5% in the third quarter – according to figures released by the Office for National Statistics (ONS). A slump in consumer spending over the Christmas shopping period, and a significant reduction in manufacturing output, meant the British economy failed to grow in the final three months of 2019. All of which was set to the backdrop of Brexit-fuelled political...