GBP USD On Weaker Footing – Good Time to Sell Dollars (James Lovick)

The pound has fallen by over 8 cents against the US dollar over the last month which has created a very good window of opportunity for those clients looking to sell US dollars for pounds. Rates for GBP USD slipped from a high of 1.4340 to 1.35 in this period which highlights a very sharp shift in a short period. Much of the movement has stemmed from the expectation that the US and UK will now follow different paths on future interest rates compared...
GBP/EUR exchange rates creep up over the course of the trading week

Sterling 3 month forecast (Dayle Littlejohn)

Most people that have stumbled across this article are looking for information in regards to sterling exchange rates, as they have a currency transfer to make in the foreseeable future. If you fall into this bracket I would recommend that you outline your exact requirements via email, so I can outline your options and offer assistance in regards to saving money through exchange rates [email protected] The pound has had a tough time over the last month, due to poor UK economic data which stopped the...
Pound to US Dollar forecast Brexit continues to subdue business confidence in the UK

Positive data and Brexit progress causes Sterling strength

Employment data and average Earnings gives the Pound a boost Yesterday provided some much needed positive data for the UK. Things were looking very bleak following recent inflation, retail and GDP data. GDP landed at 0.1% the worst figures for five years. A rate hike from the Bank of England (BOE) was no longer justified and investors lost faith in the pound with the chance of a rate hike in 2018 looking like a long shot. Employment data was released yesterday and proved to be impressive, ...
GBP to USD Forecast: Record Job Losses for the US as Coronavirus Takes Hold

US Dollar hits 4 month high against the Pound

The Pound has fallen by over 5% since mid-April after hitting the best level to buy US Dollars with Pounds since the Brexit vote back in June 2016. Sterling has really struggled during this time owing to a number of poor economic data releases including much lower than expected GDP data for the first quarter of 2018. Growth for the quarter came in at just 0.1% which was slowest period of growth since 2012. We have also seen a slowdown in both Manufacturing and Services data...
Pound Sterling Forecast: Sterling’s Rise Against the US Dollar and Euro Continues

GBP Rates Set For Volatile Period ahead over Political Uncertainty

The pound could be set for an extremely volatile month ahead with British politics and Brexit about to act as a major driver for the price of sterling once again. With local elections taking place in England today, any big swings from one party to another could create additional volatility for the pound. There are 4,400 council seats up for grabs making up the total of 150 local government authorities. Tomorrow morning could see a very interesting start to the day ahead of the...

Brexit debate weighs on the Pound’s value

The pound has had a torrid time in recent weeks, with GBPUSD exchange rates falling 7 1/2 cents. To put this into monetary terms a £200,000 transfer into US dollars achieves clients $15,000 (5.15%) less. Many of my clients took advantage of the fantastic rates we were achieving in early March as I thought it was only a matter of time until the Brexit negotiations would put pressure on the pound. At the moment the Conservative party are split down the middle in regards to...
Pound to US Dollar Exchange Rate surges more than 5 percent in July

GBP Forecast – What Impact will UK GDP Figures & Mark Carney’s Speech Have...

Sterling found further support yesterday, making gains against the USD and many of the other major currencies. Cable rates spiked, the USD has found plenty of support early this morning. GBP/USD have dropped back below 1.39, with 1.40 now likely to provide a lot of resistance ahead of this afternoons key economic data releases. Those clients with an upcoming GBP currency transfer to execute should be keeping a close eye on developments. This morning we have the latest Gross Domestic Product (GDP) figures, released at 09::30. This...
GBPEUR: Sterling Exchange Rates Sell-off Due to Brexit Concerns

What can we expect next for the pound?

The pound seems to be gently pushing forward as confidence over an interest rate hike keeps the pound elevated against its counterparts. Sterling is higher against pretty much all currencies bar the US dollar which itself has been much stronger in the last week as investors confidence in the US economy rose. The next stage post for the pound is tomorrow's UK GDP (Gross Domestic Product) data which could easily be a market mover. Tomorrow's news will be the first estimate of Q1 GDP. This...
Trade wars and Brexit to dictate pound to US dollar exchange rates

Sterling Exchange Rates before House of Commons Debate

The pound is moving in different directions against the Euro and the US dollar with a number of factors influencing the rates. GBP EUR remains close to an 11 month high with levels sitting at 1.1450 for the pair whilst he pound has moved lower against the US dollar with levels currently sitting below 1.40 which is some way below the recent high of 1.45. Today sees an important debate in the House of Commons on whether or not Britain should remain in a...
GBP to EUR Outlook: Pound making gains against EUR

Will tomorrow bring further strength for the Pound, and which factors could effect GBP...

The sell-off in the Pounds value that begun last week appears to have stabalised at least for now, as GBP exchange rates with one or two exceptions appear to be back on the charge. Sterling has gained in value against every major currency pair today with the exception of the US Dollar, which is one of the strongest currencies around at the moment due to the high yield offered on USD deposits now that the Fed Reserve Bank in the US has begun hiking interest...