What can we expect next for the pound? Important news for the pound this...

The pound has been on a gentle path higher since August 2017 when we reached some of the lower points since Brexit. This was most clear against the Euro where GBPEUR dropped to 1.075 testing 8-year lows but GBPAUD retested very close to the 5-year lows of 1.60-1.61. GBPUSD was fairly close to current levels but that is explained more by US dollar movements than the pound. At this time it was the prospect of a no deal on Brexit which drove the rates lower...
Pound to Canadian Dollar forecast Brexit remains in Limbo

Sterling Rates ahead of Brexit Parliamentary Vote – Date Set – 12th June

The pound has fallen across all of the major currencies today despite better than expected construction data which saw a boost in the numbers. Construction data for May as per the Purchasing Managers Index bounced higher and clearly takes into account the warmer weather after the cold winter in the UK. Tomorrow sees UK services sector data and anything positive here could help support the pound. GBP EUR has slipped to 1.1385 in afternoon trade whilst GBP USD touched a low of 1.3292 earlier. 12th...
Pound to US dollar rate hit by MPs not being able to find an alternative

Will the pound continue to rise against the majors?

There has been some solid improvements in the price of the pound which has caused the pound to rise against the US Dollar. This is an excellent opportunity for clients looking to purchase USD with the pound which could easily be disrupted in the future. If you are holding on waiting for the pound to rise, June could present some excellent opportunities which might not last. The most important driver on sterling will continue to be the outlook on Brexit which is giving investors plenty...
GBP to EUR: Warning From Bank of England Chief on UK Economy Causes Sterling Volatility

Sterling Exchange Rates Come off Recent Highs – Italian Developments Expected

The pound has fallen lower against the Euro and the US dollar ahead of manufacturing data released today as per the Purchasing Managers Index. Manufacturing is expected to see a small fall in the sector down from 53.9 to 53.5 for the month of May. Anything above 50 indicates expansion and should the figure arrive better than expected then the pound could see a rally to end to the week higher. GBP EUR has been particularly affected this week by events in Italy which initially...
Pound to US Dollar rate Interest rate cut from the US Federal Reserve Bank will GBP/USD rates recover from its current lows?

US Rate Hikes and the potential impact on GBPUSD exchange rates

Where to next for Sterling is a difficult question to answer but what is for sure is that there are a lot of reasons ahead why we could see a lot of volatility for the Pound against a number of currencies for the rest of this year. The Pound is trading at its lowest level vs the US Dollar since December 2017 with GBUSD rates falling below 1.33 for a brief period earlier this week as tensions appear to be rising once again between the...
Pound to Euro Reaches 2-Month High

Sterling Outlook Uncertain after Mark Carney Comments Last Night

The pound is struggling to gain real momentum in what has been a fairly tough week for sterling exchange rates. The comments from Bank of England Governor Mark Carney last night suggesting that he may consider additional Quantitative Easing does not make for comfortable reading. Quantitative Easing or printing money proved very negative for the pound when this action was taken following the financial crisis of 2008 and the credit crunch which followed. The poor run of UK GDP numbers and weaker inflation this week...
Pound to Euro forecast following UK retail figures

Stronger day for Sterling as UK Retail Sales rebound, is this a turning point...

After some disappointing economic data yesterday morning, the Pound has seen a reverse in its fortunes today after some positive data was released this morning. Yesterday's data showed a shock drop in inflation, with the figure released being lower than the markets were expecting to see. This resulted in the Pound weakening as the chances of a rate hike in the short term future declined, with some economists now suggesting that there may not even be one this year. This morning on the other hand has...
GBP/EUR exchange rates creep up over the course of the trading week

Help Trading Sterling

The Pound Remains Fragile The pound has fallen significantly against the majority of major currencies following a host of poor economic data. This has put a halt to a rate hike from the Bank of England (BOE). It looks as though a rate hike this year is now unlikely. GBP/USD – Sterling has fallen heavily against the greenback, this is not just due to the poor monetary policy forecast from the BOE it is also due to positive news from the US. US Treasury bonds now...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

Will the pound rise or fall this week?

The pound could be in for a good week with a series of important economic releases scheduled which might create some good short-term opportunities for clients looking to buy or sell the pound. Personally, I expect the pound to struggle as recent confidence that the UK will raise interest rates starts to ebb away. The pound has been falling ever since the Bank of England confirmed no rate hike, perhaps for this year and not until 2019. The market was very hopeful of a stronger...
GBPEUR: Sterling Exchange Rates Sell-off Due to Brexit Concerns

What can we expect next for the pound?

The pound has found some support against many currencies owing to improved news regarding the final arrangements on the customs plans for the UK and the EU. Embodied by the uncertainty over the Irish border, problems on the customs arrangements for the passage of goods across borders have been a sticking point in the negotiations. If you have a transfer to buy or sell the pound then the upcoming data next week will be very important in determining the future outlook for UK interest rates. Data...