GBPUSD Slips Away from 9 Month High

Pound to dollar rate falls lower after stronger US inflation data

The pound to dollar rate has slipped lower, with rates sitting below 1.2850 for the GBP/USD pairing. Much of the recent market movement has stemmed from dollar strength after US inflation data released this week arrived better than expected. US inflation arrived at 2.2% which as higher than the 2.1%, this has helped support the dollar in the view that the US Federal Reserve will still seek to raise interest rates throughout 2019. Will there be another US Government shutdown? The US dollar could see...
GBP/USD drops as UK data disappoints, will the pair remain below 1.30

GBP/USD drops as UK data disappoints, will the pair remain below 1.30?

The Pound to US Dollar (GBP/USD) exchange rate has just hit its intra-day low as a raft of UK economic data releases have disappointed the markets this morning. Disappointing UK economic data Retail Sales figures in the UK disappointed for the month of January after being released at 2.5%, when the consensus was for 2.6% which was already a drop from the previous figure. At the same time the Consumer Price Index figures, which reflect UK inflation levels have now dropped below the Bank of England's...
GBP/USD exchange rates edge lower due to UK economic data and US border security deal

GBP/USD exchange rates edge lower due to UK economic data and US border security...

UK growth predicted to slow in 2019 UK economic data has been in the spotlight since the Bank of England last week announced there growth forecasts for the year ahead. The Governor Mark Carney predicted that growth this year will be the slowest since 2009 and blamed the uncertainty of Brexit as one of the key factors. To make things worse yesterday's growth numbers released by the Office for National Statistics (ONS) showed growth numbers at 1.4% which was down by 0.4%. With the UK...
Pound US Dollar Forecast: With Brexit less than 4 weeks away what will happen to GBP/USD rates?

GBP/USD rates: Trade wars and Brexit continue to be key

Politics will once again most likely be the main driver for GBP/USD rates, with Brexit still well and truly in focus for the pound, and Donald Trump and his global trade wars impacting the dollar too. Once again it seems that the U.S is in stalemate with China at present, and this is not only leading to rising global uncertainty in the stock markets, but also a weakening of the perceived 'riskier' currencies that are attached to China, such as the Australian dollar. It seem unlikely...
GBP to USD rates weaken after Theresa May statement last night

Pound to Dollar Rates Fall Below 1.30 as US Economy Performs

The pound to dollar exchange rate has seen a bumpy ride this week but has made considerable gains based on the performance of the US economy. Rates for GBP vs USD have slipped lower below 1.30 for the pair, and the dollar could strengthen further on the back of any further positive economic data releases. US services data produced by the Purchasing Managers Index arrived at a healthy 54.2 in January which has been received as welcome by the markets considering the recent long...
Pound vs Dollar: How will next week's vote on May's deal impact the GBP/USD exchange rate?

Bank of England to speak later today, could GBP/USD be affected?

At lunchtime today the Bank of England will provide its first interest rate decision and Inflation Report for the year. Although no interest rate changes are expected, owing to the Brexit due date being just around the corner, I expect the talks afterwards to be watched very closely. The current 0.75% base rate is expected to remain the same for some time, as the uncertainty surrounding Brexit and impact to the UK's economy is likely to have a knock of effect on the monetary policy...
Pound to Dollar forecast: Brexit vote set to cause GBP/USD volatility

Will pound to US dollar rates get back over 1.30?

The pound to US dollar rate has been rather volatile in 2019 as the market struggles to find its feet, and Brexit continues to deliver uncertainty to the GBP/USD pairing. A series of important events in the United States and globally too, have seen the US dollar fluctuating in value. The expectation for the pairing is continued uncertainty. It does appear the slightly weaker US dollar of 2019 could be here to stay. To get back over 1.30 we need some more positive news on...
Pound to Dollar forecast: Brexit vote set to cause GBP/USD volatility

GBP/USD forecast: US Dollar remains strong against the Pound but for how long?

The US economy has continued to show signs of improvement which comes as bad news for anyone looking to buy US Dollars with Pounds after the US jobs report on Friday showed a release better than the expectation. Over 300,000 new jobs were created during last month and this gives support to the Federal Reserve to increase interest rates again during the course of this year. However, although the US Federal Reserve has increased interest rates 9 times in the last 3 years is it...
GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being avoided

Pound to US Dollar rate today: GBP/USD Finds Support above 1.30

The pound to US dollar rate continues to find support with rates for GBP vs USD sitting over 1.31 despite ongoing uncertainty in these final stages of Brexit. Whilst Prime Minister Theresa May attempts to re-open the withdrawal agreement talks and seek legal assurances that the controversial Irish backstop will be time limited, the response from the EU has been very cold. The Brady amendment which found support in the House of Commons earlier this week gives the Prime Minister the mandate to go...
GBP to US Dollar rate improves as Fed Reserve Bank adopts dovish stance

GBP to US Dollar rate improves as Fed Reserve Bank adopts dovish stance

The Federal Reserve Bank in the US last night opted to hold interest rates as they are, as many within the financial services were expecting. There was more market movement than expected through as the tone used by member of the bank in the discussions afterwards was more bearish than expected, catching the markets off guard. As a result of this tone, we've seen USD lose value which has left US Dollar buying rates moving back towards the top end of their recent trading ranges....