Will the Dollar get stronger in 2019? Interest rate hike from the Federal Reserve

Will the Dollar get stronger in 2019? Interest rate hike from the Federal Reserve,...

Will the Dollar get stronger in 2019? The Federal Reserve made their move last night to raise interest rates for the fourth time in 2018, in a move that went against Donald Trump's wishes. This so far has had a minimal impact on Dollar exchange rates. The reason for this is that many investors and speculators had wide expected the rate hike, and the currency markets quite often move on expectations as well as fact. What would have been of great interest would have been the...
Trump attempts to influence Fed Rate Decision

Trump attempts to influence Fed Rate Decision

Federal Reserve Interest Rate Decision It had been almost certain US interest rates would rise at tonight's Federal Reserve Interest Rate decision. It has been justified by the requirement to tackle inflation and normalise monetary policy. Donald Trump however has been openly critical of the proposed hike. Trump has posted the following on Twitter this week: I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than...
US Dollar improves against the Pound owing to Brexit uncertainty and US interest rate hike

US Dollar improves against the Pound owing to Brexit uncertainty and US interest rate...

The US Dollar to Pound rate remains close to its best levels of 2018 as the uncertainty of Brexit continues to rumble on. The vote on the Brexit deal was postponed last week after it became apparent that MPs would not have voted in favour of the current deal on offer. This then led to the Tories putting forward a vote of no confidence in Theresa May, but she managed to survive this with a win of 200-117 last week. Since then Prime Minister Theresa May...
Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

The pound to US dollar exchange rate has been testing fresh lows falling into the 1.24's as Brexit uncertainties plague the pound and cause market volatility. The expectation is now that the UK will struggle to hit any consensus on Brexit and the chance of a second Referendum or General Election have increased. Thursday 19th sees the latest US Federal Reserve interest rate decision which may see some big movements in the currency markets as investors weigh up the next stages of the US economy....
Pound to Dollar forecast: How will GBP fair against the USD during 2019?

Pound to Dollar forecast: What’s next for Sterling and will the US Dollar get...

The Pound hit a 20 month low against the Dollar in trading sessions earlier in the week as the markets digested the fact that Theresa May had to face a vote of no confidence, which led to political uncertainty for the UK and Sterling weakness. Sterling then made gains back against the Dollar as the week progressed following a victory for Prime Minister May and Brexit talks getting back into the swing of things. It does appear that very little progress is being made and...
Brexit news: Is a move below 1.10 for GBP/EUR realistic

GBP/USD News: Theresa May Survives Leadership Challenge

May continues as Prime Minister Yesterday evening, UK PM Theresa May survived a vote of no confidence with a majority victory of 83. Despite the victory it was far from convincing having lost nearly a third of the party. The PM will not now face another vote for at least 12 months from her own Party. There is still the chance that a motion of no confidence could be triggered in the House of Commons which has the potential to bring down her Government if backed...
GBP/USD Forecast: Will the pound lose more ground against the US dollar?

Leadership challenge and the impact on the Pound to US Dollar rate

In today's Pound to US Dollar forecast we look at the factors effect the exchange rate this week, with some breaking news regarding Theresa May. It has been announced this morning that current Prime Minister Theresa May will be facing a vote of no confidence in her leadership this evening. The news comes after it was announced that 48 letters have been sent to the 1922 Bank Bench Committee to ask for a leadership challenge to take place. If she manages to win tonight then...
Pound to Dollar Exchange Rates in Run Up to Brexit Meaningful Vote

Pound to Dollar news: Sterling plummets due to cancelled meaningful vote

UK Prime Minister Theresa May has found herself in the spotlight once again as she cancelled the meaningful vote that was set to take place tomorrow. In the House of Commons this afternoon the PM admitted that she would have lost the meaningful vote which caused the pound to crash against the US dollar. Furthermore the PM went on to say she will try to seek further reassurances from the EU this week in a bid to persuade MPs to back her Brexit plan....
Is the US Dollar set for a tough run in 2019?

How could tomorrow night’s key vote in Parliament impact the GBP to USD exchange...

The markets are anticipating a volatile period of trading this week as all eyes turn to tomorrow night's Parliamentary vote when UK Prime Minister, Theresa May's plan will go to a vote. Sterling has begun the week under pressure as there are fears that her plan could receive little support, and there have already been a number of key figures that have suggested they won't back her plan. I think that how the pound performs moving forward may be determined by how many votes May...
Flash crash sinks Pound to US Dollar rates

Pound US Dollar Forecast: Will the Pound fall even further against the US Dollar?

In today's Pound US Dollar forecast I discuss whether the Pound is likely to fall even further against the US Dollar. The US Dollar has remained very strong against the Pound in recent weeks staying below 1.30 as the problems surrounding Brexit appear to be mounting. Today will be the third day of debating prior to the proposed vote on December 11th which will decide whether or not Parliament will approve the current Brexit deal on offer by Theresa May. Yesterday, the Government was forced to...