US dollar improving against the pound

Pound to Dollar rates: Will GBP/USD exchange rates fall below 1.30?

Pound to Dollar (GBP/USD) rates have fallen back towards 1.30 this week, with the Pound weakening following last week’s decision by the EU to grant the UK an extended Brexit deadline. The markets seem underwhelmed by the latest developments, which is no great surprise, when you consider it only serves to highlight the UK’s on-going inability to agree a Brexit deal with the EU. Pound to struggle against the US Dollar until there is Brexit clarity One positive is that at least the extension removes the threat...
Pound to US dollar forecast - Will GBP/USD levels drop below 1.30?

Pound to US dollar forecast – Will GBP/USD levels drop below 1.30?

Pound to US dollar exchange rates have been nudging the 1.30 level with a real prospect of it dipping below this important handle. There is also a growing expectation that we could see the pound losing value in the absence of any fresh news to support it. Brexit uncertainties persist and could easily see the pound lose ground as investors become wary of a deterioration ahead. The US dollar ha also lost ground overnight, following news that Chinese GDP was now better than expected at...
Pound to US dollar exchange rates fall: Why is the pound dropping against the US dollar?

Pound to dollar Forecast – Brexit delay pushes sterling down

The pound to US dollar exchange rate has fallen lower after comments from US Fed policy maker Charles Evans spoke yesterday and gave an optimistic view of the economy. He cited strong growth between 1.75% and 2% throughout 2019 but also suggested inflation should remain close to the target of 2%. The upbeat outlook is keeping the markets guessing and could even pave the way forward for an interest rate increase later this year if the economic data performs well. The Fed had recently...
New Zealand Dollar weakens further as Global Dairy Trade auction falls lower than expectations

US dollar Forecast and the impact of next week’s economic data on the pound...

The Pound has made some small gains vs the US Dollar even though we are once again experiencing a lack of progress when it comes to the latest Brexit talks. The Brexit extension has been granted to 31st October and also allows the UK to leave the European Union if the UK can approved a Withdrawal Agreement between now and then. I personally think that it is still highly unlikely owing to what has been happening in recent months with the House of Commons clearly opposed...
Pound to US dollar exchange rate forecast - How will the Brexit extension affect GBP/USD levels?

Pound to US dollar exchange rate forecast : How will the Brexit extension affect...

GBP/USD levels have experienced a number of conflicting factors, influencing the exchange rate. For each positive, there are also negatives and on a similarly equal footing, which is keeping the US dollar range bound. The pound has overcome the nightmare scenario of a No-deal Brexit for the next 6 months but also faces many challenges to shake the uncertainty. Expectations for the future centre around the developments on Brexit, plus how the currency markets view the progress on the Trade Wars. Investors are also eagerly...
Pound to US dollar exchange rates: Will they rise or fall this week?

Pound to US dollar forecast: How will Brexit affect GBP/USD exchange rates?

Overnight, we have seen the pound to US dollar rate remain fairly range bound following a series of key releases. The main news was the Brexit extension being agreed by the EU leaders at the emergency EU Summit. The Federal Reserve Minutes released last night showed us that the US central bank is concerned over market fortunes and is currently waiting to see what happens. The pound to US dollar exchange rate has not moved dramatically overnight as the news the market learned was largely...
GBP to USD exchange rates ahead of EU Summit

GBP to USD exchange rates ahead of EU Summit

The pound to dollar exchange rate has slipped lower as events continue to unfold over Brexit ahead of the EU summit in Brussels today before Friday 12th April, the date at which Britain will leave the EU if an extension is not granted. Rates for GBP to USD have fallen to below 1.31 as the markets wait for a decision from this important emergency Brexit summit. UK Prime Minster Theresa May met with her French counterpart Emanuel Macron yesterday to discuss the draft proposal that...
US China tariffs cause US Dollar to strengthen against the Pound

Pound to US dollar forecast: Will a Brexit extension push GBP/USD higher?

We are now just 3-days from the deadline date for the current Brexit extension, which as it stands lasts up until this Friday. The pound remains range bound as the markets appear to be tired of the Brexit related headlines and rumours, with only official news now likely to impact GBP exchange rates now that we're this close to either a no-deal Brexit or another extension. MP's within the UK have voted against a motion regarding the UK departing without a deal in place. Today...
Pound to US dollar forecast: an important week for UK Prime Minister Theresa May

Pound to US dollar forecast: an important week for UK Prime Minister Theresa May

It's an extremely important week for UK Prime Minister Theresa May as she has 3 days to come up with a plan to take to the EU summit on Wednesday. Last week, the Prime Minister invited the leader of the opposition Jeremy Corbyn into discussions about the future direction of Brexit. Mr Corbyn has made it clear that he wants customs union access, therefore if both party leaders manage to come to an agreement it's likely that the PM would have to give in...
US dollar Forecast: US GDP data and the impact on pound vs dollar rates

Pound to US dollar forecast – will GBPUSD rise or fall on NFPR?

Non-farm Payroll (NFPR) data is released today and details the latest news for US unemployment statistics. Today's data will be key in providing some guidance as to which direction the US economy is headed. The US dollar has been marginally weaker as investors shy away from the very high expectations placed on the currency and the US economy this year. GBP/USD levels have been above 1.31 today and depending on how the NFPR figures fare today, could weaken further. The last figures showed just 20k...