Pound to US Dollar Rate Uncertain as Pressure Builds on Theresa May

Is a move below 1.30 for GBP/USD realistic?

Another day has passed with the Pound to US Dollar rate sitting tentatively above the 1.30 mark. It's likely to act as a psychological resistance level and the move slightly below 1.30 before seeing the pair regain the losses quickly last week is a good example of this. What may help push the pair lower is a combination of Sterling weakness coupled with a strengthening US Dollar. Over the past 6-months the greenback has gained around 10-cents against the Euro and also a similar amount...
Pound to US Dollar exchange rate Sterling vs US Dollar hits lowest level since October 2016

GBP/USD hits lowest level in 2018

GBP/USD - Unfortunately there is little reason to be optimistic about the Pound at present. The lack of clarity surrounding Brexit is the most significant cause of this. The resignations of David Davis and Boris Johnson have not helped matters and Theresa May's position is not looking stable. There is the possibility of a vote of no confidence. If this occurs expect further falls for Sterling. There are also preparations being made for a "no deal" scenario which is a further cause for concern. The key point...
Pound to US Dollar Outlook As Sterling weakens will GBPUSD break below 1.20?

GBPUSD breaks into the 1.20s

Cable (GBPUSD) exchange rates have been plummeting recently, and over the past 3 months we have witnessed a 9% fall. To put this into monetary value a $200,000 purchase is now £14,000 more expensive compared to 3 months ago. UK politics is a driving factor in the demise of sterling. UK Prime Minister Theresa May is under extreme pressure and some of her party have even written to Sir Graham Brady Chairman of the backbench 1922 committee stating they wish to proceed with a...
The reasons why I think GBPUSD exchange rates could fall below 1.30 this month

The reasons why I think GBPUSD exchange rates could fall below 1.30 this month

The Pound has fallen to a two month low vs the US Dollar as the UK political landscape has caused a big problem for confidence in Sterling exchange rates this week. Prime Minister Theresa May is clinging to power at the moment after facing two very difficult votes this week. May managed to survive the first vote on the Customs bill and managed to scrape through any amendments to the Trade bill as well. However, Tory MPs were warned that by challenging May this could lead...
Pound to US Dollar Rate Uncertain as Pressure Builds on Theresa May

What will move GBPUSD this week?

GBPUSD exchange rates have been struggling to keep above the 1.30 marker as we approach the strongest the point the US Dollar has been enjoying against all currencies. On the DXY US Dollar index, which is a measure of overall US Dollar strength, the Dollar has hit some of the highs of 2018. When you look at the fundamentals too the outlook for the US Dollar could see further gains as the prospect for further interest rate hikes looks stronger in the future. Many clients...
USD Exchange Rates - Driven by Brexit

USD Exchange Rates – Driven by Brexit

The Pound has rallied higher against the US Dollar today with rates moving towards 1.33 for the GBP USD pair. The mood on Brexit is looking slightly softer as we start this week following the Chequers agreement although there have been a total of 9 conservative resignations over the last 9 days making life more uncomfortable for Prime Minister Theresa May. US President Donald Trump has met with Vladimir Putin today following meetings in Europe and the UK last week. The Dollar could see additional...
Pound to US Dollar forecast Is Sterling going to continue to strengthen against the US Dollar?

Donald Trump undermines Theresa May

Donald Trump's visit does not bode well or Theresa May. The ideal scenario would be for the US President to lend his support to May and put the UK to the front of the queue in a any trade deal. President Trump stated he had given Theresa May instructions for Brexit which were ignored. He went on to say a softer Brexit deal means the US and the UK will not have a private trade deal as under the current proposal the UK would still...
Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

What is happening with the Pound vs the US Dollar?

The Pound has remained under a lot of pressure vs the US Dollar recently and I think we could see further losses coming in the near future. The US economy has been going from strength to strength recently and this has been reflected by the US Federal Reserve's monetary policy to increase interest rates. The Federal Reserve has increased interest rates 7 times since December 2015 and there is a strong chance that we will see another two rate hikes before the end of the year...
Trump trade optimism sends the Pound to AUD rate lower

How will Donald Trump’s UK visit affect GBP/USD exchange rates

Sterling has found plenty of support above 1.32 against the USD this week, with the pair currently trading around 1.3270. In truth, cable rates have remained relatively flat and range bound over the past week, with the USD failing to gain any momentum back towards 1.30. With the UK government in turmoil and President Trump’s state visit set to begin tomorrow, it’s likely to be an interesting and potentially volatile few days ahead for the markets. Controversy and Trump are never far apart and his comments regarding...
Pound to US Dollar exchange rate Best time to sell US Dollars against GBP in 2 years

Could GBPUSD tumble below 1.30?

Pound to US Dollar rates are in for a busy period as Brexit turmoil threatens to unseat the GBPUSD pairing below the key 1.30 level of resistance. Markets are pricing in the possibility of either a Boris Johnson challenge or worse, perhaps a Nigel Farage or Jeremy Corbyn Prime Minister. This is a very much outside chance but who would have thought that we would be in the position we are now in 2 or 3 years ago? GBPUSD has fallen for two reasons, namely...