GBP to USD Rate Falls to 10-day Low

Leadership challenge and the impact on the Pound to US Dollar rate

In today's Pound to US Dollar forecast we look at the factors effect the exchange rate this week, with some breaking news regarding Theresa May. It has been announced this morning that current Prime Minister Theresa May will be facing a vote of no confidence in her leadership this evening. The news comes after it was announced that 48 letters have been sent to the 1922 Bank Bench Committee to ask for a leadership challenge to take place. If she manages to win tonight then...
GBP to USD Forecast: Pound Edges Slightly Higher After Dipping to 10-Week Low

Pound to Dollar news: Sterling plummets due to cancelled meaningful vote

UK Prime Minister Theresa May has found herself in the spotlight once again as she cancelled the meaningful vote that was set to take place tomorrow. In the House of Commons this afternoon the PM admitted that she would have lost the meaningful vote which caused the pound to crash against the US dollar. Furthermore the PM went on to say she will try to seek further reassurances from the EU this week in a bid to persuade MPs to back her Brexit plan....
Upbeat UK Data Pulls GBP out of Weakness but USD Performs on Top

How could tomorrow night’s key vote in Parliament impact the GBP to USD exchange...

The markets are anticipating a volatile period of trading this week as all eyes turn to tomorrow night's Parliamentary vote when UK Prime Minister, Theresa May's plan will go to a vote. Sterling has begun the week under pressure as there are fears that her plan could receive little support, and there have already been a number of key figures that have suggested they won't back her plan. I think that how the pound performs moving forward may be determined by how many votes May...
Pound to Dollar forecast: Sterling continues to decline against the US Dollar

Pound US Dollar Forecast: Will the Pound fall even further against the US Dollar?

In today's Pound US Dollar forecast I discuss whether the Pound is likely to fall even further against the US Dollar. The US Dollar has remained very strong against the Pound in recent weeks staying below 1.30 as the problems surrounding Brexit appear to be mounting. Today will be the third day of debating prior to the proposed vote on December 11th which will decide whether or not Parliament will approve the current Brexit deal on offer by Theresa May. Yesterday, the Government was forced to...
GBP to USD Rate Uninspired by UK Inflation Data

Could GBP/USD Rates be Heading Below 1.25 by Christmas?

GBP/USD rates hit a low of 1.26571 overnight and despite the Pound recovering back above 1.27 during early morning trading, Sterling is currently showing no signs of making any real inroads against the greenback. In truth, the Pound has been marooned under 1.30 for a prolonged period and even when it has managed to put pressure on this key threshold, it has failed to sustain its position. This is not overly surprising when you consider the relative health and outlook for each economy. The US is...
GBP to USD Rate Uninspired by UK Inflation Data

Will pound to US dollar rates rise back over 1.30 before the New Year?

Will the pound to US dollar rates rise back over the 1.30 level is a key point of concern for any clients with a position to buy US dollars with sterling. There is a growing expectation that this will only really result from a change in market sentiment toward sterling which is proving very difficult at present. Firstly, the main driver for the pound looks set to continue to be the Brexit and the key factor on Brexit is the Parliamentary vote on the 11th...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

GBP to USD forecast: Rates gain ahead of Brexit legal advice expected today

In today's GBP to USD forecast we look ahead at the events that could impact rates in the coming days. Pound to US dollar exchange rates have started the week on a higher note ahead of an important week in British politics over Brexit. GBP to USD rates have moved higher, to 1.28. The pound to dollar rate remains extremely volatile and susceptible to Brexit developments. A key meaningful vote on the withdrawal agreement will be held on 11th December and will then set...
GBP to USD rate rises after US Federal Reserve slashes interest rates

Volatile times ahead on GBP/USD exchange rates, will the US dollar get stronger against...

GBP/USD exchange rate: Close to best rates in 2018 selling US dollars for pounds The GBP/USD exchange rate is currently trading on the interbank rate marginally above the 1.28 level, a not wholly unfamiliar level on the pair for regular monitors of the market in the last few months. 2018 has seen just over 16 cents movement between the high and the low on the pairing with current levels exceptionally close to the 1.2692 bottom seen in August. There are now a series of very important...
GBP to USD Rate Flat as UK Data Disappoints and US-China Talks Stall

How will Trade Wars shape GBP/USD exchange rates?

GBP/USD exchange rates have fallen close to the lowest in 2018, hovering around the 1.275 level, very close to the 1.2692 level we hit earlier in the year. The expectation is that GBP/USD exchange rates could have further to fall, in part owing to a belief that the Trade Wars will not harm the US as much as expected. It has always been felt that the US will come out the better of any trade spats with other countries. Whilst it might find some difficulties...
Pound to Dollar Falls Lower as Trade War Tensions Escalate

Pound to Dollar Falls Lower as Trade War Tensions Escalate

The pound to dollar exchange rate is continuing to lose ground with rates for GBP vs USD sitting below 1.2750 as the ongoing Brexit uncertainty drives sterling lower. UK Prime Minster Theresa May is taking her agreed deal with the EU to the country this week to win the general public’s support ahead of a key vote in Parliament expected on the 11th December. The deal on the table has received a hostile reception from a large number of politicians and it seems unlikely...