Pound to Dollar Forecast: GBP to USD Rate Feels Weight of Barnier Comments

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...
The US launch a significant stimulus package to stem the economic impact of the Coronavirus pandemic

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...
Pound to Dollar Forecast: GBP to USD Rate Feels Pressure of UK Brexit Threat

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

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...
The US launch a significant stimulus package to stem the economic impact of the Coronavirus pandemic

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 Dollar Forecast: GBP to USD Rate Limps into the Weekend After Taking a Battering

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...
Pound to US Dollar Exchange Rate Jumps Back Above 1.24

Central banks to influence GBPUSD exchange rates short term

Over the next 24 hours the interest rate decision by the Federal Reserve and Bank of England will shape the direction for Sterling exchange rates in the weeks to come. In less than 45 minutes the consensus is for the Federal Reserve to leave interest rates unchanged at 2%. The decision itself I expect will be a non event, however the volatility will come when Jerome Powell testifies. My personal opinion is that he will continue to state the US economy is robust and...
Pound to Dollar Forecast: GBP to USD Rate Dips Below 1.28 for First Time in 2020

Busy day for US economic data could send GBP/USD lower

Despite being a very quiet week for UK related economic data, the Pound could still fluctuate against the USD today owing to the high volume of economic data due out of the US today. The economy in the US is heating up and this has been reflected within the aggressive monetary policy adopted by the Fed Reserve Bank. The increasing interest rates in the US has resulted in a stronger US Dollar, much to the annoyance of US President Donald Trump who has recently commented...
The pound set to make it a hattrick of daily gains versus the dominant dollar

GBP/USD Forecast – US Economy Helping to Drive the US Dollar’s Value

GBP/USD rates have fallen back below 1.32 during Thursday’s trading, with the Pound hitting a low of 1.3123 this afternoon. This move came despite some poor US data, with an increase in Initial Jobless Claims and Trade Balance figures coming out worse than the markets predicted results. Today’s data is not in line with recent releases, with the US economy continuing to show impressive signs of growth of late. There is an expectation that the Gross Domestic Product (GDP) for Q2 will hit 4%, impressive figures...