Pound to Dollar Forecast: Brexit Talks Hang in the Balance

Sterling makes gains following news on Irish Border Deal

Sterling has made gains against the USD and is now sitting above the 1.30 mark. This was due to an Irish border deal coming close to fruition, one of the major sticking points in getting a Brexit deal sewn up. A lack of clarity surrounding Brexit has kept the pound anchored at low levels, pre-Brexit GBP/USD sat above 1.40. News on the Irish border is definitely positive news and I think a deal may well be agreed in the coming weeks. If that is the...
GBP USD Exchange Rate Edges Higher as Dollar Softens 

USD continues to strengthen against GBP even after the Tory Party Conference

The US dollar has been maintaining its strength against sterling, with GBPUSD exchange rates now trading below 1.30 as the pound remains under pressure caused by the ongoing Brexit uncertainty. Even the Tory Party Conference which finished yesterday did little to improve sterling's prospects in the short term vs the US Dollar, which highlights the strength of the world's leading economy and its currency. The US Federal Reserve has hiked interest rates 8 times since December 2015, and at the moment expectations are for a further...
Pound to Dollar Rate Recovers Losses

GBPUSD rates back below 1.30

The US dollar has strengthened in value following a big shift on EURUSD exchange rates as concerns mount over Italian debt. Clients concerned with buying or selling US Dollars also need to contend with what might lie ahead in Brexit negotiations and also this week's Conservative Party Conference. There has been a growing belief that we would see a rise in the value of the Pound if Brexit negotiations move further ahead but so far we have not had anything concrete confirmed. The big event...
GBP/USD exchange rate slips once again

US Dollar strength vs Sterling following this week’s interest rate hike in the US

The US dollar has once again started to strengthen against both the pound and the euro towards the end of this week after the US Federal Reserve decided to increase interest rates for the eighth time since December 2015 on Wednesday evening. The base rate now sits at 2.25% and there were many reasons provided by the Fed for the change in monetary policy. The reasons given were strong economic growth and very impressive unemployment figures during the course of this year. Indeed, with economic...
Pound vs Dollar: US Jobless Claims rise - Will the Federal Reserve cut interest rates?

GBP/USD Forecast – US Fed hikes interest rates by 0.25% as expected

As expected, the US Fed raised interest rates again yesterday during their latest policy meeting. The 0.25% rise was widely anticipated but still helped to boost the USD value slightly. GBP/USD exchange rates have dipped this morning, with the greenback hitting 1.3108 at its high. The US economy continues to post impressive numbers, with this show of economic strength also helping to protect the US Dollar’s value around its current levels against Sterling. Despite this, the Pound has at least shown some lift of late and GBPUSD...
GBP USD Exchange Rate Edges Higher as Dollar Softens 

How much higher will US interest rates go?

This is a key question for the global economy since the US dollar and the US economy has a significant impact on financial markets. With interest rates in the United states expected to be raised this evening, the US economy will continue to have the highest interest rate amongst the world's leading economies. The US dollar has been closely monitored of late as concerns mount over the possible negative effects of a higher interest rate on emerging market economies. Many countries like Argentina and Turkey...
GBP to USD forecast UK awaits Brexit delay decision

Where Next for Cable Exchange Rates?

GBP/USD rates have recovered back above 1.31 after some losses for Sterling on Friday. The Pound’s positive run came to an abrupt end following UK Prime Minister Theresa May’s speech on Friday. After there was some positivity building about a deal being struck with the EU, possibly sooner rather than later, May’s speech threw the cat amongst the pigeons once again. She indicated that talks had a hit an impasse, with key issues such as the Irish border yet to be resolved. Whether this was a...
GBP USD Exchange Rate: The Week Ahead October 24th

Escalating Trade War with China Putting Pressure on the USD

The USD has seen its value weaken against Sterling of late, with the markets seemingly becoming concerned about the escalating trade war between the US & China. President Donald Trump has been steadfast in his commitment to heavily levee Chinese exports to the US, with multiple tariffs being introduced on a variety of Chinese products. China has retaliated with tariffs of their own and whilst it was the Chinese economy that initially seemed to be the worst affected by this escalating trade stand-off, it now...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

7 week high buying US dollars with pounds; Where next for GBPUSD exchange rates?

Will GBPUSD rates rise further? GBPUSD exchange rates have risen lately following optimism about the outlook on Brexit and concerns over the impact of rising Trade War issues. Whilst the US Federal Reserve is expected to raise interest rates next week, there is still scope for the US dollar to lose further ground ahead. Investors' concerns relating to the US dollar stem from worries over the negative impact on the US economy from the Trade Wars, and a belief that perhaps the US is getting towards...
Pound to Dollar Rate Falls Sharply

Dollar Volatility – China Retaliates on Trade Tariffs but only $60 Billion

The trade wars continue after China has responded to the tariffs that were announced by the US this week. China has retaliated with $60 billion worth of tariffs on US imports. The number is considerably less than what the US imposed on China which was $200 billion. In this escalation of trade wars it now remains to be seen how US President Trump responds to China. He has made clear that if China was to retaliate then he would move into Phase Three which...