Brexit Trade Jitters Continue to Weigh on GBP to USD Rate

Pound to Dollar Forecast: GBP to USD Rate Slumps to Fresh 2020 Low

US Non-Farm Payrolls Surge in January Looking Ahead Contact Us Last week was one to forget for the pound to US dollar rate. The pair began last Monday morning above the 1.31 level before nosediving to 1.28 by Friday afternoon, as Brexit concerns intensified. Even an upbeat survey on Friday, which revealed UK retailers experienced their highest sales levels in six years last month, couldn’t raise its spirits. Boris Johnson isn’t just struggling to convince the public that he can avoid a no-deal Brexit at...
US Dollar Loses Out to Euro, as EUR Data Finally Shows Upticks but More US Data Due Today

US Dollar Exchange Rates: What Next for the USD After a Week of Economic...

Coronavirus Fears and Strong Economic Data Help USD Rally to the Top of the Currency Rankings What Will USD Face Next Week? Contact Us The US dollar has had a very strong week this week. It started the week in a positive position as it continued to benefit as a safe haven currency amid the coronavirus outbreak fears. As the week progressed, USD appeared to take each data release in its stride as it quickly earned itself the top performer of the week title....
GBP to USD Rate Declines for Four Consecutive Days

Week in Review: US Dollar Stands out as Top Performer but Coronavirus Gains Could...

Coronavirus Fears Helped the USD Gain on Competitors as It Was Labelled Favoured Safe Haven US Data Releases Labelled ‘Pick of the Week’ for Currency News as Figures Beat Projections Contact Us In a week that was dominated by coronavirus headlines, USD fared better than most as it earned the title of top performer of the week. The coronavirus was not the only event which benefitted USD, as the world’s largest economy saw positive boosts from its economic data releases which allowed it to...
GBP to USD Rate Uninspired by UK Inflation Data

US Dollar Outlook: How Did Yesterday’s US Data Releases Affect the Dollar?

USD Builds Gains on Coronavirus Fears, Investors Remain but Could Slowly Diffuse as Fears Drop US Data Sees USD Rally Continue but Today’s Jobs Data Will Be the Real Test Today marked the release of the US nonfarm payrolls and average hourly earnings. The results which were released at 13:30 GMT, displayed an uptick in values which sent the USD even higher. The nonfarm payrolls for January showed an increase to 225k from 147k from the previous month. Whilst the average hourly earnings grew...
Upbeat UK Data Pulls GBP out of Weakness but USD Performs on Top

Upbeat UK Data Pulls GBP out of Weakness but USD Performs on Top

UK Data Beats Expectations and Lifts GBP USD Named Best Performing Currency on Wednesday Yesterday saw the USD outperform all its rivals and landed itself being named the best performing currency of the day. This strong performance came after USD benefitted from strong economic data. The service sector activity accelerated at the start of the year with the non-manufacturing ISM index rising to 55.5 from 54.9. Whilst ADP also reported its biggest month for private sector job growth in more than 4 years. Meanwhile,...
GBP to USD Rate Falls to 10-day Low

Pound to US Dollar Exchange Rate: Could the Sterling Be Entering Bearish Territory?

As we hit mid-way in the trading week, the GBP/USD exchange rate has come into question for some investors. Recent developments between the UK and EU, as well as data releases from the United States are pointing the currency pairing towards bearish territory. Tensions between London and Brussels are leading the Brexit headlines as the UK pushes for a free trade deal agreement, but the EU remains firm on its requirements for the UK such as access for EU fishermen in UK waters. Added...
GBP to USD Rate Declines for Four Consecutive Days

Pound Sterling Struggles to Find Support as GBP/USD Declines Further

Pound sterling struggled to find support on Monday as it was labelled amongst the worst performers of the day. Today marked the release of the UK construction PMI which came in above predictions, though the lesser of two PMI releases this week, the positive figures suggest growth in the UK economy and provides optimism for tomorrows UK services PMI. Weak GBP Loses Footing Against Strong USD Last week saw the rally of the pound following Thursday’s Bank of England (BoE) interest rate decision which saw the...
Will GBP Hold Onto Last Week’s Late Gains?

Pound to US Dollar Outlook: Will the GBP Hold onto Last Week’s Late Gains...

Last week was a rocky road for GBP, with a sharp drop before the BoE’s announcement following by a surge after the decision to keep the rate steady was announced. With the decision from the Bank of England (BoE) holding rates, GBP restored its gains and pushed forward. This meant that earlier losses were recouped and the currency advanced on many of its rivals like the USD. The UK also saw the release of its manufacturing PMI today. The figure came in above predictions...
GBP to USD Rate Bounces Above 1.30

UK Departs From the EU: How Will the Pound to US Dollar Exchange Rates...

Friday marked the major milestone in the Brexit saga for the UK as they departed from the EU at 23:00 GMT. Thursday saw the last EU meeting which included the UK MEP’s who patriotically waved Union Jack flags and sang Auld Lang Syne as the meeting drew to a close. The EU reciprocated through a light display which depicted the colours of the Union Jack in Brussels on Thursday night. As the UK gets one step further to sealing the Brexit deal for good,...
GBP to USD Rate Falls to 10-day Low

Pound to Dollar Exchange Rate: What Next for the Sterling?

This week has been a significant week for GBP. The Bank of England’s (BoE) interest rate decision was announced on Thursday which saw the interest rate remain steady at 0.75%, something that investors feared would change. Rate cut bets before the BoE meeting were rising by the hour and investors fled to safe-haven currencies like USD. However, after the decision was announced, GBP re-clawed its losses and edged back over USD. The Pound looks to be in a strong place but with the UK’s...