Pound to US Dollar exchange rate Sterling falls back below 1.25 against Dollar

Pound to US Dollar exchange rate: Federal Reserve keeps rates on hold but for...

When will the Fed cut interest rates? Yesterday evening the US Federal Reserve announced that they would be keeping interest rates on hold once again. The rate is currently at 2.5% but there are signals that rates may be cut in the near future. Policy makers appear to be worried about the ongoing US China trade wars and the effect this may have on the economy. US President Donald Trump has been putting pressure on the Fed to cut interest rates claiming that their current approach...
GBPUSD rates trading near a 5 month low

GBP/USD rates trading near a 5-month low

No signs of recovery for the pound Sterling’s recent decline against the USD saw it touch a 5-month low during yesterday’s trading, with the pound showing no signs of staging a sustainable recovery anytime soon. Whilst GBP has found plenty of support around and above 1.25, this threshold represents something of a bottom line for the pound. If broken, it would push sterling dangerously close to the 30-year lows it was trading at against the greenback, shortly after the Brexit referendum result. GBP/USD rates have been...
Pound to US Dollar forecast Best time in 2 years to sell US Dollars for Pounds

Pound to US Dollar forecast: Best time to sell US Dollars for Pounds in...

Best time to buy Sterling with US Dollars Pound to US dollar exchange rates are at the best time to sell the US dollar all year. The pound has weakened against the greenback on Brexit uncertainties, as investors remain nervous about which direction Brexit taking. The US dollar is also stronger as it appears the euro will remain weak, which has pushed EUR/USD lower. Investors abandoning Euro A key factor often on GBP/USD exchange rates is the behaviour on the EUR/USD pairing, as investors seek to abandon...
Pound to US dollar forecast Dollar close to a 2 year high vs Sterling

Pound to US Dollar exchange rate: Rates weaker before next UK Prime Minister in...

Conservative leadership contest drives sterling rates The pound to US dollar exchange rate remains at the lower end of its recent trading range with levels sitting below 1.26 for the GBP vs USD pair. Whilst the Bank of England will meet this Thursday to discuss interest rates the markets are likely to be more interested in the leadership contest for the next British Prime Minister. This is a key moment for the UK as Brexit remains the main driver for GBP to USD exchange rates....
Pound vs Dollar: US Jobless Claims rise - Will the Federal Reserve cut interest rates?

Pound vs Dollar: US Jobless Claims rise – Will the Federal Reserve cut interest...

Pound vs Dollar: Will the Federal Reserve cut interest rates? US jobless claims saw a spike which provides evidence that the US economy may be seeing signs of a slowdown. Although this is only the first sign of this happening this could put pressure on the Federal Reserve. Donald Trump has wanted to cut US interest rates for some time so could this be a catalyst to look at cutting interest rates in the near future? We saw just 75,000 new jobs created in May, which...
US Fed softening their economic outlook has the USD reached its peak against GBP

US Fed softening their economic outlook, has the USD reached its peak against GBP?

Sterling curbed any further losses against the USD during Wednesday’s trading, with Cable rates settling just under 1.27. Boris Johnson speech adds value to the pound The pound seemed to find some additional support following Boris Johnson's speech, the bookies favourite for next prime Ministers, in which he claimed he would deliver Brexit by the October deadline. Of course, what politician says and what ultimately conspires does not always go hand in hand, and there is a wide consensus that the UK will look to extend Article...
Pound to US Dollar forecast Will Sterling continue its decline against the USD?

Pound to US Dollar forecast: Will GBP/USD levels fall lower?

The pound to US dollar level could be in for a choppy few sessions, as the market continues to debate the likelihood of the US Federal Reserve cutting their base interest rate. Against a slowing global economy, the US central bank might be forced to reconsider their policy for the future. GBP/USD levels have risen fractionally yesterday, following the release of the latest UK economic data highlighting rising wage growth. Global economy slowing The general expectation for the future on the global economy is for it to...
Pound to Dollar Forecast Weakens after Poor UK GDP

Pound to Dollar Forecast Weakens after Poor UK GDP

Today's pound sterling to dollar forecast looks at what is affecting the GBP/USD exchange rate. The pound to dollar exchange rate remains on a weaker footing after weaker UK Gross Domestic Product (GDP) numbers disappointed the markets yesterday. UK GDP contracted by -0.4% putting pressure on an already weak pound as concerns are raised over the UK economy. The decline in car production appears to be having a negative impact on the growth outlook, and whilst Brexit is no doubt causing some of the...
Pound to US Dollar exchange rate forecast Dollar hits 27 month highs against Sterling

Which factors are currently influencing the Pound to US Dollar exchange rate?

The pound to US dollar exchange rate is currently trading back below the 1.27 level after finishing the week above this benchmark, and in my opinion there appears to be little support for the currency at the 1.27 level. Pound finishes week up against the US dollar Last week it was the first time in a month that the pound finished the week up positively against the US dollar in a month, after a strong period for the US dollar corresponded with a terrible month for...
Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

Will Non-Farm Payroll data affect the pound to US dollar forecast? Today is a key date in the economic calendar with the latest US Non-Farm Payroll data released. Due on the first Friday of every month, the information relates to the changes in on-agricultural employment in the United States. It is highly regarded as a key barometer of the US labour market and will provide us with insight into the latest developments in the US economy. Expectations are for the data to show a drop...