Pound to Dollar Rate Touches Two-Week Lows

GBP/USD Rates Trading back Above 1.30 but will this Trend Continue?

Sterling’s rally against the USD has continued this week, with GBP/USD rates now trading back above 1.30. With the Pound closing in on a six week high, the key question now is whether the current trend is likely to continue over the coming days? Sterling’s value has been boosted by comments from the EU Commissioner Michel Barnier, who indicated that a deal with the UK could be made within 6-8 weeks. Whilst there has been no further insight into the final details of any prospective deal, it...
Pound to Dollar Rate Extends Gains on Mixed US Data

Is now the time to sell US Dollars and buy Sterling?

Yesterday investors showed optimism as the Pound rallied across the board and against the US Dollar, when Mr Barnier stated a Brexit deal is possible within the next six to eight weeks. UK Prime minister Theresa May has instructed her Cabinet to tour the country and to deliver the message that the Chequers plan is the only option for the UK and she wont be swayed. Furthermore, next week the PM is set to address the EUs 27 leaders at the Salzburg summit. The plan is...
Pound to Dollar Rate Feels Weight of Covid Concerns

GBP/USD rates spike back through 1.30 as a Brexit deal is on the horizon

The Pound has made gains of over a cent against the Dollar in trading so far today, the majority of the morning has been flat but news just out that EU Chief Negotiator Michel Barnier has just commented that a Brexit deal may be likely within 6-8 weeks. Any news on Brexit seems to be moving Sterling exchange rates quite considerably recently so this news has led to another spike in the value of the Pound. We have a fairly busy week ahead for U.K...
GBP to USD forecast UK awaits Brexit delay decision

Be wary of hoping for further Sterling gains

GBP/USD - The lack of clarity surrounding Brexit is currently anchoring Sterling at low levels against most of the major currencies. The US Dollar however is at the opposite end of spectrum making advances against the majority of major currencies despite being involved in multiple trade wars. We have seen small advances for Sterling this week following news that Germany had become more lenient on key Brexit negotiation points. The statement was retracted shortly afterwards however, which displays the fragility of the situation and indeed the...
Pound to Dollar Rate Slides to 1.38

Will the Pound manage to break 1.30 against the US Dollar this week?

The Pound has made some gains vs the US Dollar during yesterday's trading session sending the Interbank level back towards 1.29. We have already seen a rather volatile period for USD exchange rates during August with a movement of four cents from the high to the low during last month. We have seen a steady decline for the Pound since Easter with exchange rates hitting their lowest level to buy US Dollars with Pounds in almost a year over the last few days. However, we saw...
Pound to Dollar Rate Moves Higher Following Fed Meeting Minutes

GBP/USD Forecast – Will the USD’s Impressive Run Against GBP Continue?

The USD has made further gains this morning against Sterling, hitting 1.2803 at its high. Despite the Pound finding some support around the 1.28 threshold, it has struggled to sustain any improvements against the Greenback of late. It did threaten to make a move last week, when reports surfaced that the EU were on the verge of offering the UK a Brexit deal. Not for the first time these reports were quickly diluted, with the EU Commissioner Michel Barnier indicating that the UK’s current Brexit proposal...
GBP to USD forecast UK awaits Brexit delay decision

Will GBPUSD levels get back over 1.30?

GBPUSD drops to 1.2840 on Brexit fears Buying US Dollars with Pounds has once again become very expensive as the Pound struggles to maintain any form with Brexit uncertainties hanging over it. Even the small boost last week on the Michel Barnier's comments has proved shortlived as investors track more recent comments which are not being seen in such a positive light. Brexit uncertainties have in many ways now increased as we see the latest challenges from Michel Barnier stating that the UK will not necessarily...
Pound to Dollar Rate Choppy Ahead of BoE Meeting

GBP/USD Falls over New Brexit Uncertainty

The Pound has weakened lower today against the US Dollar after weekend reports have hinted that the Chequers plan on Brexit could be facing some troubles ahead. The Pound has fallen against most of the major currencies including the Dollar as the markets now expect more political wrangling and a lack of final agreement on Brexit between Britain and the EU. Parliament in the UK resumes tomorrow after the summer recess comes to and end and politics will once again become the main driver...
Pound to Dollar Rate Reacts to Upbeat UK Data

Where will GBP/USD exchange rates head next?

Sterling has had a fairly positive week against the Dollar; the week started off with the Pound on the back foot, as uncertainty over a no deal Brexit was rife. We then saw a turnaround later in the week following on from comments from EU chief negotiator Michel Barnier that the EU would consider giving Britain a deal like no other has seen before, this lifted Sterling by over 1% and it has remained fairly solid ever since. On the other side of the pond, the...
Pound to Dollar Rate Buoyed by UK Jobs Figures

GBP/USD – US/Mexican NAFTA Agreement Helps Solidify the USD’s Position

GBP/USD rates have remained flat throughout Tuesday’s trading, with the USD finding plenty of support around 1.29. The breaking news yesterday was that the US and Mexico have agreed to revamp the NAFTA agreement, hailing it as a “really good deal” for both countries. The news is likely to help solidify the current good feeling around the US economy, which continues to show impressive signs of growth. The USD is benefitting from this good feeling, with investors flocking to it for a variety of reasons. With...