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 outlook Could GBPUSD levels slip below 1.20 again?

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...
Pound to US Dollar rate Sterling hits two month high against US dollar, could there be further gains?

GBP USD Outlook after Brexit Secretary David Davis Resigns

The Pound faces a hugely volatile week against the USD Dollar after the shock resignation of Brexit secretary David Davis last night. British politics will be the main theme for the Pound this week and the biggest driving force as the level of uncertainty over Brexit has rapidly increased. This all comes following the agreement that was reached on Friday in the cabinet meeting at Chequers, where Prime Minister Theresa May was able to find support for her “third way” which would ultimately result...
Pound to US Dollar forecast How will the Brexit negotiations affect GBPUSD exchange rates?

US Non-farm payrolls offset by Unemployment rate figures

GBP/USD rates have remained flat throughout Friday’s trading, despite a busy day in the markets. The USD has lost some value against Sterling during early afternoon trading, with Cable rates falling by just over half a cent to 1.3278 at the low. The markets had been waiting for the latest US unemployment and Nonfarm Payroll figures. Whilst Nonfarm Payroll figures came out above expectation at 213k, a reading that would generally boost investor confidence in the greenback, the official Unemployment Rate came out worse than expected...
Pound to US Dollar exchange rate breaks 1.24 for the first time in 7-weeks

Best rates to buy US dollars in 10 day, how will we finish this...

The GBPUSD level has seemed to be on a one-way slide to under 1.30 touching 1.3062 last week. We have since recovered and are up close to 2 cents at 1.3250. This is presenting an excellent short-term opportunity for clients looking to buy US dollars that might not last. To round off the week we have two major events which could move the market on both sides of the Atlantic, both of them coming tomorrow. For the pound we have the Chequers meeting where Theresa...
Trade wars and Brexit continue to be key for GBP and USD

Sterling Boosted on Leaked Reports of a Soft Brexit

The Pound has made a small recovery against the US Dollar on this US Independence Day ahead of what should be a very eventful day in the UK on Friday. Much attention is already starting to focus on the cabinet meeting at Chequers where a new proposal for a customs relationship will be offered. Leaked reports are suggesting Prime Minister Theresa May will push forward with a soft Brexit which could see considerable market reaction for Sterling exchange rates. Rates for GBP USD are sitting...
Pound to US Dollar rate Sterling hits two month high against US dollar, could there be further gains?

Pound gains on the US Dollar after positive Construction Data release

The health of the UK economy is better than expected according to data released earlier, at least in the Construction sector anyway. This week there will be a number of data releases covering the health of the economy. The data releases are Purchasing Managers Index (PMI) readings, which are forward looking and offer us an idea as to the health and optimism in the industry. With reading's over 50 being considered positive, June's figure of 53.1 has given the Pound a boost especially after the...
Pound to US Dollar forecast Could the GBPUSD rate fall below 1.20 again?

What to expect this week for GBPUSD exchange rates

Cable (GBPUSD) has been on a steady decline in recent weeks and I expect a similer pattern could continue in the weeks to come. A robust US economy has helped the Federal Reserve to keep hiking interest rates and this trend looks like it will continue in the upcoming months and Brexit developments continue to weigh down the Pound's value. The key data releases to look out for this week are the Non Farm payroll number coupled with the unemployment rate and the Chequers meeting...
Drone attack on Saudi Aramco and how it may impact Dollar exchange rates

Further Dollar strength against Sterling predicted for July

The Pound has made improvements against the US Dollar ending the week with GBPUSD rates hitting above the 1.32 level after getting close to dropping below 1.30 earlier in the week. The third and final revision of UK GDP for the first quarter came out on Friday mooring and was increased upwards from 0.1% to 0.2% which gave the Pound a lift against the US Dollar. US Personal Spending in May saw a fall from the expectation of 0.4% to 0.2% and this caused the Dollar...