Pound to US Dollar forecast Volatility expected for GBPUSD exchange rates

Pound Sterling forecast – Positive week against the Euro and New Zealand Dollar –...

The Pound has had a fairly mixed week against the majors, seeing a fresh two year high against the Euro and also gaining three cents against the New Zealand Dollar over the course of one night. On the flip side we saw exchange rates drop below 1.70 against the Dollar for the first time in a little while and also sub 1.80 against the AUD too. Sterling data this week has not been too bad, however the Bank of England minutes still showed that members...

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Pound Euro falls after PMI Services Data in the UK

Should I Buy or Sell GBP At The Moment?

The answer as ever rests with which currency you are holding but if you do need to buy or sell currency for transfer abroad or back to the UK then the following is my generic overview of trends I expect to see in the currency market. GBP – Sterling has rallied notably against Euro rising to a near 4 year high however much of this has been down to turmoil in Europe rather than real sterling strength as can be seen when you cross reference...
Pound Euro falls after PMI Services Data in the UK

Will the pound drop further?

'The best way to predict the future is to study the past' said Robert Kiyosaki. So let us look at the past and see why things have happened. And then let us ask ourselves if these situations have been resolved and if therefore they are likely to become features on sterling developments again. My name is Jonathan Watson and I would be happy to hear from you to provide some feedback on your foreign exchange transfer. Please email me on jmw@currencies.co.uk  The pound has been...
Pound Euro falls after PMI Services Data in the UK

Sterling Exchange Rates Remain Volatile (Matthew Vassallo)

Sterling exchange rates have remained volatile throughout the trading week, following some key data releases for the UK & abroad. GBP/EUR rates have dipped again during Friday’s trading, with the pair hitting 1.3768 at the low. The Pound had started to gain further momentum earlier this week but with UK unemployment coming out worse than expected, it was quickly halted in its tracks. The latest UK budget was also announced this week and whilst I’m sure it will continue to be dissected over the coming...
GBP Holds Firm as UK Delivers 2020 Budget After Emergency Rate Cut

Sterling exchange rates so far in 2013 – The Pound has lost value will...

Pound performance since the start of the year: GBP-USD -5.96% GBP-EUR -6.12% GBP-AUD -5.02% GBP-NZD -6.68% GBP-CAD -3.56% GBP-CHF -4.33% GBP-ZAR -1.11% GBP-JPY 1.24% Right so for those of you in the position where you need to sell Sterling and buy a foreign currency 2013 has not been a great year. The Pound has lost value against every major currency other than the Japanese Yen... The worst performing currency so far this year. The Pound has recently hit a 16 month low against a basket of major currencies and even the BBC has recently...
Pound Euro falls after PMI Services Data in the UK

Will the Pound get stronger in the next few weeks? Sterling strength against Euro,...

I have a huge amount of clients in the middle of buying a property overseas at present and the general thought on their minds is should I buy my currency now or shall I hold on until closer to completion? Always a hard choice and one way to look at it is that you would never go forward with a house purchase in the U.K if you didn't know how much it was going to cost and essentially that is exactly what you are doing...
What is Happening to the Pound vs the US Dollar?

Sterling Under Pressure on the Exchange (Matthew Vassallo)

Sterling has come under further pressure during Tuesday’s trading, with the Pound suffering heavy losses across the board. This has been a regular trend since the turn of the year and I am not anticipating a sustainable recovery for GBP under the current market conditions. Why we have seen the Pound lose so much value in such a short space of time is being heavily debated and I will touch on the key triggers shortly. The catalyst for today’s drop was further poor economic...

Pound Sterling sees a slight lift ahead of U.K general election – What will...

When Prime Minister Theresa May announced the election we saw Sterling exchange rates receive quite a boost as it did look like a Conservative victory was a formality, most likely by a majority. This would have led to an easier path for her in Brexit negotiations. What we have witnessed in the past few weeks is a change in momentum, polls are indicating that Labour are gaining seats and uncertainty has been creeping into the minds of investors and speculators, leading to a sell...

How far can the pound fall?

The pound has actually made some very small gains today but the outlook remains grim in my opinion. Despite the markets bouncing off the bottom today I do not think there is going to be a huge amount to be cheerful about and the rally of this morning quickly halted. The UK has no Prime Minister, the EU say there will be no special deal for the UK and business confidence and investment is down. There is a harsh choice for the next PM will it...