GBP/EUR Exchange Rate Forecast: How Could the Brexit Trade Negotiations Affect the Pound to Euro Rate?

Pound to US Dollar forecast: Crucial week for Brexit

The Sterling spike The pound to US dollar exchange rate has rallied higher after a huge boost over 48 hours at the end of last week. Sterling was boosted dramatically last week after a meeting with UK Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar when they suggested a deal was possible. It is not clear at this stage what concessions have been offered from either side to try and reach an agreement but any further offering this week could result in more volatility...
Pound Sterling to US Dollar Exchange Rate Outlook: How Will GBPUSD Levels Fare in April?

Pound to US Dollar Trades Lower on Brexit Uncertainty

The pound to dollar exchange rate is set for a volatile few months as we start 2019, with the final Brexit withdrawal date approaching. There is a growing chance that a no deal scenario could emerge which is one of the reasons the pound is trading at these lower levels. Rates for GBP vs USD are sitting at 1.27 for the pair. There are some important dates approaching in January and any political developments over Brexit will inevitably be the main driver for sterling exchange...
Pound to US Dollar Exchange Rate Jumps Back Above 1.24

Pound to US Dollar Forecast: GBP Takes Comfort in GDP Data

Pound Rises in Value as UK Avoids Recession You’d think the GBP vs USD exchange rate would have had the Monday blues after Gross Domestic Product (GDP) figures revealed that Britain’s economy grew at its slowest annual pace in almost a decade. Importantly for the pair, however, the data also showed that the economy dodged recession in the third quarter of 2019, despite the best efforts of the global slowdown and Brexit uncertainty to trip it up. The pound subsequently firmed against a weaker dollar,...
GBP to USD ahead of UK PMI Services Data

Pound to US Dollar forecast: Could there be further interest rate cuts from the...

Trump continues to pressure US Federal Reserve to cut interest rates The pound to US dollar exchange rate last week saw the cost of buying US dollar fall to the lowest level since the beginning of July. This was following the Federal Reserve (Fed) decision to cut interest rates. They were cut by 0.25% and the Fed went on to signal that further cuts could be made if the economy starts to slow down. President Trump has been an advocate of interest rate cuts as he would...
GBP to USD Rate Mounts Impressive Recovery

Pound to US dollar rate: US interest rates in focus

Cable exchange rates start the day at near 2 week highs following Federal Reserve Chairman Jerome Powell’s comments last night which suggested that the Federal Reserve are open to a rate cut if necessary, following heightened trade tensions between the US and its global trading partners. How have interest rate talks affected pound to US dollar rates? Speaking at a conference in Chicago on Tuesday night, he added that he doesn’t know when the issues surrounding the latest spat with China will be resolved. He went...
EUR Edges Higher on IFO Index, but US Strength Set to Bolster

Pound to US Dollar rate: What will impact GBP to USD exchange rates this...

Volatility expected for GBP/USD rates as UK Parliament returns from summer break this week The pound to US dollar exchange rate has remained range-bound as of late. Now that MPs have returned to Parliament from there summer breaks, Prime Minister Boris Johnson has issued a stark warning. The Prime Minister has made it clear that if a Conservative MP votes against him in a bid to block a no-deal Brexit this week, then they will be banned from running at the next election. Reports are...
Pound to Dollar Week Review: Gbp to USD Rate Recovers From 35-Year Low

GBP/USD rates: Best time to buy US dollars in 2 months

The pound to us dollar rate has risen during the course of this week. It is now the best time to buy US dollars in the last two months, as it appears as though US interest rates may not be going up as quickly as the markets had previously expected. Brexit positivity provides a boost for sterling exchange rates Talks between the Conservatives and the Labour party concerning Brexit appeared to be getting somewhere and this managed to provide the pound with a boost against a...
Pound to US Dollar Exchange Rate: Demand for USD Soars as UK Provides Support Package

Pound to US Dollar Exchange Rate: Demand for USD Soars as UK Provides Support...

In the trading world, the outlook for the global growth sentiment is impossible to predict under current conditions. Currencies are rising and falling at the hands of the coronavirus outbreak and the widespread fear it has caused. The demand for US dollars has rose over the week as investors flock to the safe-haven currency amid the coronavirus crisis. Meanwhile, the UK has stepped up its support package offering for the UK economy, offering to spend more if needed. The UK Chancellor noted that the...
GBP to USD Rate Mounts Impressive Recovery

Pound to Dollar Forecast: UK Interest Rate Uncertainty Impacts GBP to USD Rate

Pound Continues to Slip Lower Against the Dollar The pound to US dollar rate ended last week on the backfoot, after briefly dipping below the 1.30 level on Friday. Already concerned about the Bank of England’s (BoE) interest rate outlook – which kept the possibility of cutting the cost of borrowing on the table in 2020 – the pair was left to digest the central bank’s second big announcement of the week. Mark Carney’s replacement as the governor of the BoE was revealed on Friday:...
Pound Sterling to US Dollar Exchange Rate Outlook: How Will GBPUSD Levels Fare in April?

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...