Pound to US Dollar Trades Lower on Brexit Uncertainty

Could GBP/USD Rates be Heading Below 1.25 by Christmas?

GBP/USD rates hit a low of 1.26571 overnight and despite the Pound recovering back above 1.27 during early morning trading, Sterling is currently showing no signs of making any real inroads against the greenback. In truth, the Pound has been marooned under 1.30 for a prolonged period and even when it has managed to put pressure on this key threshold, it has failed to sustain its position. This is not overly surprising when you consider the relative health and outlook for each economy. The US is...
Pound to US Dollar Trades Lower on Brexit Uncertainty

Will pound to US dollar rates rise back over 1.30 before the New Year?

Will the pound to US dollar rates rise back over the 1.30 level is a key point of concern for any clients with a position to buy US dollars with sterling. There is a growing expectation that this will only really result from a change in market sentiment toward sterling which is proving very difficult at present. Firstly, the main driver for the pound looks set to continue to be the Brexit and the key factor on Brexit is the Parliamentary vote on the 11th...
Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

GBP to USD forecast: Rates gain ahead of Brexit legal advice expected today

In today's GBP to USD forecast we look ahead at the events that could impact rates in the coming days. Pound to US dollar exchange rates have started the week on a higher note ahead of an important week in British politics over Brexit. GBP to USD rates have moved higher, to 1.28. The pound to dollar rate remains extremely volatile and susceptible to Brexit developments. A key meaningful vote on the withdrawal agreement will be held on 11th December and will then set...
Volatile times ahead on GBP/USD exchange rates - will the US dollar get stronger against the pound?

Volatile times ahead on GBP/USD exchange rates, will the US dollar get stronger against...

GBP/USD exchange rate: Close to best rates in 2018 selling US dollars for pounds The GBP/USD exchange rate is currently trading on the interbank rate marginally above the 1.28 level, a not wholly unfamiliar level on the pair for regular monitors of the market in the last few months. 2018 has seen just over 16 cents movement between the high and the low on the pairing with current levels exceptionally close to the 1.2692 bottom seen in August. There are now a series of very important...
How will the Trade Wars shape GBP/USD exchange rates?

How will Trade Wars shape GBP/USD exchange rates?

GBP/USD exchange rates have fallen close to the lowest in 2018, hovering around the 1.275 level, very close to the 1.2692 level we hit earlier in the year. The expectation is that GBP/USD exchange rates could have further to fall, in part owing to a belief that the Trade Wars will not harm the US as much as expected. It has always been felt that the US will come out the better of any trade spats with other countries. Whilst it might find some difficulties...
Pound to Dollar Falls Lower as Trade War Tensions Escalate

Pound to Dollar Falls Lower as Trade War Tensions Escalate

The pound to dollar exchange rate is continuing to lose ground with rates for GBP vs USD sitting below 1.2750 as the ongoing Brexit uncertainty drives sterling lower. UK Prime Minster Theresa May is taking her agreed deal with the EU to the country this week to win the general public’s support ahead of a key vote in Parliament expected on the 11th December. The deal on the table has received a hostile reception from a large number of politicians and it seems unlikely...
US Dollar improves against the Pound owing to Brexit uncertainty and US interest rate hike

GBP to USD rates: Sterling relatively flat despite Brexit breakthrough

The Pound has started the week relatively flat across the board of major currencies this morning, despite some positive news for UK Prime Minister May last night. At the EU Summit which involved all 27 member states it took less than 40 minutes for the EU leaders to accept the Brexit bill that was recently drawn up by UK and EU leaders. The agreements included the political declaration, the Brexit bill and the back-stop agreement which is likely to continue to be an issue...
Key week for GBPUSD exchanges: Will GBPUSD get back over 1.30?

Pound to Dollar forecast: Spain could veto Brexit Deal

Pound to Dollar forecast: Brexit developments key for GBP/USD rate Sterling gained ground yesterday against the majority of major currencies. Theresa May remains stubborn in her stance and intends to stay in her position as Prime Minister and see through the Brexit process. She is still adamant that a Brexit deal can be agreed. President of the European Council, Donald Tusk has announced that the EU Commission has informed him that a draft deal had been agreed at a negotiator's level and agreed in principle at...
Pound to Dollar forecast: How will GBP fair against the USD during 2019?

Pound Dollar Forecast: EU Summit to impact Pound to Dollar Rates

Brexit news causes the Pound to weaken against the US Dollar The US Dollar has once again improved against the Pound dropping almost 3% in a week or the difference of £4,600 on a currency transfer of US$200,000. The latest news on Brexit and the issues surrounding the proposed draft Brexit deal has not gone well for the Pound in relation to a number of different currencies including versus the US Dollar. Prime Minister Theresa May is due in Brussels over the weekend as the UK and...
Sterling to Dollar exchange rate remains stable so far this week

Sterling to Dollar exchange rate remains stable so far this week

The Sterling to Dollar exchange rate has remained fairly stable in trading sessions so far this week, with the markets having wobbled slightly this time last week due to Brexit concerns along with uncertainty over the position of UK Prime Minister Theresa May. Sterling to Dollar exchange rate sat around 1.28 levels Having broken back through the 1.30 mark Sterling quickly retracted back against the Dollar and swiftly retraced back down into the 1.26 levels. Since then Sterling has made a slight recovery due to Theresa...