GBP/USD rates: Has President Trump offered an olive branch in the trade standoff with China

GBP/USD rates: Has President Trump offered an olive branch in the trade standoff with...

GBP/USD rates moved back above 1.30 last week and whilst it has yet to make any further inroads, it did at least find sufficient support to keep above this key threshold. Investors will now be questioning whether the current spike is sustainable, or are we witnessing yet another false dawn for the Pound? Whilst GBP saw its value spike across the board, possibly due to the fact that the chances of the UK leaving the EU without a deal seem to be diminishing, we still don’t...
Pound to US Dollar Rate Outlook: GBPUSD Drives Lower on Global Uncertainty

GBP/USD exchange rates move back above 1.30 as US FED softens interest rate stance

GBP/USD exchange rates have move backed above 1.30 this week, with the Pound now finding plenty of support around this key threshold for the pair. Whilst GBP has yet to make any aggressive move above this level, those clients holding the Pound will be relieved to see it moving back towards some of the highs of the past six months. This improvement has come despite the UK seemingly being no closer to agreeing a Brexit deal with the EU, ahead of the impending deadline next month....
Pound to US Dollar Rate: High US Jobless Claims Causes USD Value to Fall

GBP/USD Forecast: Will GBP/USD exchange rates remain over 1.30?

GBP/USD exchange rates have risen above 1.30 this week following renewed optimism that there will be some kind of deal agreed on Brexit soon. The expectation for the pound ahead is of course volatility but the growing expectation for more positive, or less negative news, has helped the currency to strengthen. Continued turmoil in the main political parties has also triggered volatility as investors await further news on what lies ahead. With the recent Labour and Conservative party deserters, investors are having to deal with...
GBPUSD Exchange Rate Volatility Following Trump’s Press Conference

Pound to Dollar Exchange Rates Push Back Over 1.30

Pound to dollar exchange rates has moved higher with good gains of over 1% seen yesterday for the GBP to USD pair taking rates above 1.30. The move higher comes ahead of an important meeting today between UK Prime Minister Theresa May and European Commission President Jean Claude Juncker. Optimism has been growing that there may be some sort of compromise or adjustment on the controversial Irish backstop, which has made the negotiations more difficult. There are two parts to this. It is believed...
The US launch a significant stimulus package to stem the economic impact of the Coronavirus pandemic

Pound to US Dollar forecast: What could influence the Pound to US Dollar rate...

The Pound to US Dollar rate dropped last week for the third consecutive week, as Brexit sentiment begins to take its toll on the Pound's value. Sterling has dropped by over 2% over the past few weeks against the US dollar which reflects the markets feelings of uncertainty surrounding the UK economy moving forward. The announcement of future closures of Honda car manufacturing factories in the UK hasn't helped either, even if the reasons behind the closures aren't Brexit related. The next likely market mover...
Pound to US Dollar Outlook: GBPUSD Levels Back Below 1.25

Will Trump build the wall? Will GBP/USD rates rise or fall in the coming...

Donald Trump has threatened to declare a 'state of emergency' in order to source extra funding that will allow him to obtain funds to build the wall. As a key campaign promise Donald Trump's reputation is on the line, and his most vociferous backers have been putting real pressure on him meeting this key commitment. The US Dollar strengthens while the Pound weakens The US dollar has actually risen marginally against sterling, in part because of a weaker pound, but also because Trump, in pursuing this...
GBPUSD Exchange Rate Volatility Following Trump’s Press Conference

Pound to dollar rate falls lower after stronger US inflation data

The pound to dollar rate has slipped lower, with rates sitting below 1.2850 for the GBP/USD pairing. Much of the recent market movement has stemmed from dollar strength after US inflation data released this week arrived better than expected. US inflation arrived at 2.2% which as higher than the 2.1%, this has helped support the dollar in the view that the US Federal Reserve will still seek to raise interest rates throughout 2019. Will there be another US Government shutdown? The US dollar could see...
GBP to USD Rate Breaks Through 1.35 Barrier

GBP/USD drops as UK data disappoints, will the pair remain below 1.30?

The Pound to US Dollar (GBP/USD) exchange rate has just hit its intra-day low as a raft of UK economic data releases have disappointed the markets this morning. Disappointing UK economic data Retail Sales figures in the UK disappointed for the month of January after being released at 2.5%, when the consensus was for 2.6% which was already a drop from the previous figure. At the same time the Consumer Price Index figures, which reflect UK inflation levels have now dropped below the Bank of England's...
EUR Edges Higher on IFO Index, but US Strength Set to Bolster

GBP/USD exchange rates edge lower due to UK economic data and US border security...

UK growth predicted to slow in 2019 UK economic data has been in the spotlight since the Bank of England last week announced there growth forecasts for the year ahead. The Governor Mark Carney predicted that growth this year will be the slowest since 2009 and blamed the uncertainty of Brexit as one of the key factors. To make things worse yesterday's growth numbers released by the Office for National Statistics (ONS) showed growth numbers at 1.4% which was down by 0.4%. With the UK...
Pound to US Dollar forecast Will Brexit happen this month and the impact on GBPUSD exchange rates?

GBP/USD rates: Trade wars and Brexit continue to be key

Politics will once again most likely be the main driver for GBP/USD rates, with Brexit still well and truly in focus for the pound, and Donald Trump and his global trade wars impacting the dollar too. Once again it seems that the U.S is in stalemate with China at present, and this is not only leading to rising global uncertainty in the stock markets, but also a weakening of the perceived 'riskier' currencies that are attached to China, such as the Australian dollar. It seem unlikely...