Coronavirus Fears Lift USD to Three-Year High as Trump Claims US is Ready to Tackle the Disease

US Dollar Outlook: Falling Bond Yields and Coronavirus Stall USD Gains

The US dollar struggled to make headway on Thursday, as very low U.S. yields and the prospect of even more monetary easing held back the currency’s advancement, while coronavirus fears supported the safe-haven yen. Strong data showing U.S. services activity at a one-year high and hiring growth had pushed the US dollar 0.3% higher on the euro overnight. However, with benchmark U.S. 10-year yields a little over 1% and futures markets pricing another 50 basis points of Federal Reserve cuts by July, USD failed...
Pound to US Dollar Exchange Rate Jumps Back Above 1.24

Pound to Dollar Forecast: GBP to USD Rate Buoyed by Comments from BoE

UK services sector growth held back by coronavirus The coronavirus outbreak caused growth in the UK services sector to slow in February, as bookings were cancelled, and projects delayed. Despite this, the sector still managed to record its second-best month since September 2018 following a rise in post-election consumer confidence and Brexit, which led to a pickup in domestic demand. February represented the second month of expansion in a row for UK services following an underwhelming 2019 when Brexit uncertainty and a global slowdown left it...
Coronavirus Fears Lift USD to Three-Year High as Trump Claims US is Ready to Tackle the Disease

US Dollar Exchange Rate: Fed Rate Cut Sees USD Drop but Analysts Suggest it...

Heading into the mid-week, the US Dollar has lowered in strength following the recent rate cut by the US Federal Reserve alongside consistent pressure from the coronavirus fears which have encapsulated the whole world. The Feds rate cut arrived two weeks before the official policy meeting decision, suggesting that the US economy was in desperate need of the cut to alleviate the pressure from the coronavirus fears. However, despite the Feds emergency rate cut, analysts are forecasting that the US dollar will likely retain...
Pound to US Dollar Exchange Rate Jumps Back Above 1.24

Pound to Dollar Forecast: Fed Slashes Interest Rates Pushing GBP to USD Rate Higher

BoE hints that rate cuts could be necessary UK construction output in February grew at its fastest pace in more than a year, thanks to a rebound in housebuilding. The IHS Markit/Cips construction purchasing managers’ index (PMI) showed that the sector jumped from contraction into expansion territory after confidence soared in the wake of Boris Johnson’s landslide election win. The PMI reading – 52.6, up from 48.4 in January – represents the highest since December 2018 and the first above 50 – the expansion benchmark –...
GBP to USD Exchange Rate: US Dollar Cashes in on Safe Haven Demand but Economic Figures Disappoint Investors

GBP/USD Exchange Rate: Fed Reserve Drops Hints at Rate Cut, US Dollar Falls

Last Friday saw the US Federal Reserve release a statement which stepped in to halt the crashing stock markets. The statement hinted at the possibility of cutting rates in the near-term. Shortly after the statement was released, USD saw a bounce, which may have saved the stock markets for now, but the market has evidenced that the quantitative easing methods are unlikely to save the US economy. The US dollar continues to fall which has helped EUR/USD exchange rates rise to just under 1.12. Fed...
Bank of England Announces Emergency 50bps Rate Cut

GBP/EUR Forecast: Sterling Proves Volatile as Bank of England Rate Cut Expectations Rise

The pound sterling has witnessed some of the worst performances in months in the past couple of days. With four months of solid gains faltered in a matter of five days. Markets cannot believe what is being witnessed as the sell-off in GBP continues. Earlier gains came from the signing of a Brexit deal and a landslide election victory, both of which promised the nation a brighter outlook. But what the market didn’t expect was the significant impact of the coronavirus fears, which now...
US Dollar Weakens Against the Pound After Further US Jobless Claims

Pound to Dollar Forecast: GBP to USD Rate Slips Back Below 1.28 Benchmark

Trade talk and coronavirus uncertainties combine to send pound lower The pound to US dollar rate sunk back below the 1.28 benchmark yesterday, as the UK and the EU finally cast off on their post-Brexit trade talk journey. Choppy waters are forecast for the pair, after officials from Downing Street and Brussels traded verbal blows last week, highlighting just how polarised both sides are. The GBP vs USD rate’s woes were compounded by the potential economic impact of the coronavirus in the UK, which has already...
GBP to USD Rate Continues March Higher

USD Exchange Rate: Eyes on Federal Reserve as ISM and Markit Data Approaches

For the US dollar, the past week has seen the currency fall from grace. With the currency being the choice of many investors during the coronavirus outbreak, USD enjoyed a surge of support as a safe haven currency. This trend still continues but USD has taken a hit over the past week as the odds of a Fed reserve interest rate cut have been mounting. Today will be in important day for the US dollar, with key statistics released from the ISM as well...
Pound to Dollar Forecast: GBP to USD Rate Dips Below 1.28 for First Time in 2020

Pound to Dollar Forecast: GBP to USD Rate Dips Below 1.28 for First Time...

Trade talk uncertainty drags pound lower A dearth of economic data from the UK left the pound exposed to post-Brexit headwinds for much of last week. Michael Gove spent Thursday morning updating MPs on the government’s official Brexit position. He confirmed that the UK is seeking ‘regulatory’ freedom from the EU and should not be subject to EU rules under a free trade agreement. His comments followed the release of a written version of the government’s negotiating mandate for EU trade talks. The document – which...
Pound to Dollar Week Review: Gbp to USD Rate Recovers From 35-Year Low

Pound to Dollar Forecast: GBP to USD Rate Gears Up for Trade Talks

Political jousting ahead of trade talks weighs on pound A barren week in the UK economic calendar meant that the pound was taking its cues from developments in the build-up to the UK-EU trade talks, which are scheduled to kick-off on 2 March. Having briefly dipped below the 1.29 level on Monday, the pair found solace in the approval of the EU’s mandate for negotiations by its General Affairs Council on Tuesday. By Wednesday, however, the mood had changed after the EU’s chief negotiator, Michel Barnier...