GBP to USD rate rises after US Federal Reserve slashes interest rates

USD Rates Retreats from 14 Month High after Qatar Intervention

The Pound has fallen to beyond a 1 year low against the US Dollar which has created an excellent opportunity for those clients looking to sell US dollars. The recent rally in the US Dollar however may now be coming to an end as the financial volatility stemming from Turkey appears to be settling down for the time being. After the US imposed sanctions on Turkish steel imports the Turkish Lira saw a crash in its value as investors moved funds out of the...
Pound to US Dollar exchange rate Sterling reaches 4-month highs against the US Dollar

Pound to US Dollar rate officially enters its worst losing streak since the financial...

Yesterday the rate of cable (GBP/USD) entered its worst losing streak since the financial crisis of 10-years ago, after the pair fell for the 11th consecutive day. The Pound has dropped in value against other major currency pairs also but the drop against the US Dollar is the stand out pair, as fears surrounding the UK mount. Cable traded below 1.27 for the first time in 14-months on Wednesday after the pair hit 1.2669 yesterday morning. Those converting their US Dollars into Pounds have seen a...
Pound to US dollar exchange rates: pound to US dollar reaches 4 month low

The impact Turkish economic issues are having on GBP/USD exchange rates

We have had a fairly interesting start to the trading week for Sterling exchange rates against all of the majors and most notably against the Turkish Lira. Because of these issues we have seen the U.S Dollar gain further ground against most major currencies. Issues in Turkey have been one of the main drivers for all major currencies this week, with the Dollar and Swiss Franc gaining more strength against the Pound and the Euro along with other ‘riskier currencies’ weakening off, making them slightly cheaper...
Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit agreement

Cable consolidates below 1.30, will Sterling manage to stage a comeback?

The Pound's woeful performance has continued over the past week, with the rate of cable (GBP to USD) now trading comfortably below the key 1.30 mark many were concerned it would drop below again. The solid outlook regarding the US economy and the resulting interest hikes have been pushing Sterling higher for some time now, and the GBP/USD rate hasn't been helped by the weakening Pound as Brexit realities and the cracks within the surface appear. Over the weekend the issues in Turkey have been a...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

US Dollar strength results in new 1-year low for GBP to USD rate, will...

The US Dollar has strengthened overnight against all major currency pairs, pushing cable (GBPUSD) below its previous 1-year low. The pair are now trading in the 1.27's after hitting a new low of 1.2736 earlier this morning, and the USD to EUR rate has also moved dramatically and hit its lowest level of 2018. You would have to go back to June 2017 to see the Euro trading this weak against the greenback, and this shows just how strong the US Dollar is at the...
GBP/USD continues to fall

GBP/USD continues to fall

So far this week we have seen further Sterling weakness against most major currencies, almost hitting a year low against the Dollar this is mainly due to Brexit uncertainty still managing to overrule any positive news we have had about the current state of the economy. We have very little in terms of economic data due to be released for the U.K until the end of the week. It seems that investors and speculators alike are still avoiding the Pound, following on from Bank of...
GBP/USD -Key 1.30 Resistance Point is Breached

GBP/USD -Key 1.30 Resistance Point is Breached

Sterling's woes continue. Following the Bank of England's (BOE) rate hike last week the Pound has suffered against the majority of major currencies. The rate hike was already factored into exchange rates which is why when the rate hike was confirmed there was little in the way of Sterling strength. The press conference from BOE Governor, Mark Carney was the market mover. He had a dovish tone and warned of the potential for a Brexit "no deal." Sterling fell as a result. Trade secretary, Liam Fox stated...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

Pound continues to lose value against the US Dollar falling below 1.30

The US economy has been going from strength to strength this year with GBPUSD exchange rates now trading below 1.30 on the Interbank level this morning. US unemployment is close to record lows, consumer spending is on the up and average wage growth are all looking very positive at the moment which is being reflected in the value of the US Dollar at the moment. US GDP data has moved to above 4% last month and all the signs appear to be very positive in the...
GBP to USD forecast UK awaits Brexit delay decision

US Dollar strengthens further against weaker Pound!

This has been a very busy week for the US Dollar as we had their latest interest rate decision, with the latest Non-Farm Payroll data and Unemployment decision out today. This is looking like it could be another positive for the US Dollar which has been gently rising all week. GBPUSD had been trading in a fairly tight range of 1.30-1.32 in the last few weeks; we are currently at the more recent lows and could easily break below the 1.30 mark today. A combination...
Pound to US Dollar Outlook - Brexit Deal or No Deal

All eyes on the Bank of England today, and how could a rate hike...

The markets are expecting to see an interest rate hike from the Bank of England (BoE) today, with some economists predicting that there is a 90% chance of the rate hike taking place. Should the BoE voting members vote in favour of increasing the base rate, it won't come as a surprise and for this reason the hike is perhaps already priced into the Pound's value. I think that the movements for GBP exchange rates are likely to be driven by the comments afterwards, as...