Drone attack on Saudi Aramco and how it may impact Dollar exchange rates

GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being...

The pound to US dollar (GBP/USD) exchange rate spiked last night, after news that MPs voted against a 'no-deal Brexit' yesterday. At the highest point this morning we have seen GBP/USD trade as high as 1.3330 whereas at the lowest point it's traded almost a cent lower. It's been a volatile week for the pound against all major currency pairs, with yesterday being particularly volatile. The day's range was three times the normal range over the past 3-months, which goes to show the importance of...
Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit agreement

GBPUSD breaks 1.30, can it rise higher?

GBPUSD has moved higher after some positive news on Brexit from Michel Barnier on the type of deal the UK might expect. The market has probably read too much into the comments but nonetheless we have seen GBPUSD rates rise over 1.30. To what extent is this likely to continue in the future? Yesterday, Gross Domestic Product (GDP) was released showing 4.2% growth, this kind of pace will be very hard to keep up and some analysts are expecting to see a weaker US Dollar...
Pound to US Dollar rate: US GDP data out today, what could happen to GBP/USD exchange rates?

USD Strength ahead of US GDP Data

The US Dollar remains strong against the Pound with investors continuing to move in to the safe haven currency in this period of heightened volatility, much of which is stemming from the trade war between the US and China. Whilst Britain and the EU have also been dragged in to this rift, the outlook for trade is not looking so promising with China and this is helping see the Dollar strengthen further. Rates for GBPUSD have been driven lower still as uncertainty over Brexit...
Will positive data out of New Zealand boost the chances of a RBNZ rate hike later this year?

Will positive data out of New Zealand boost the chances of a RBNZ rate...

It's been quite a busy week already for the New Zealand Dollar after a number of key releases are out this week. On Monday we found out that the number of new construction projects declined during June from the previous month which caused the Kiwi to sell-off somewhat. Tonight will perhaps see the biggest price fluctuations as the Unemployment Rate and Employment Changes will be released and this could determine the monetary policy adopted by the Reserve Bank of New Zealand moving forward. Some economists are...
GBP to AUD rates: Will Sterling get back to 1.80 against the Australian Dollar?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...
Pound to Euro exchange rates Sterling unstable against the Euro owing to Brexit uncertainty

GBP/EUR settle after volatility caused by political uncertainty in the UK

GBP/EUR rates have settled around 1.13, after some key developments in the UK Government in recent days. The resignations of chief Brexit negotiator David Davis late on Sunday evening and then the former Foreign Secretary Boris Johnson on Monday, have been well publicised. Whilst Davis’s announcement did little to shake Sterling’s foundations, Boris Johnson decision to step down caused the markets to panic, and a quick-fire sell-off of Sterling positions followed. This helped boost EUR's value, although in truth it struggled to make any significant impact...

GBP Forecast – Will the Pound Recover Last Week’s Losses?

Sterling managed to curb any further heavy losses on Friday but despite it stabilizing, there’s no doubt it was overall a disappointing week for the Pound. GBP/USD has dropped with the pair now trading around 1.3550. It is likely that the markets have now factored in Thursday’s Bank of England (BoE) interest rate decision, with the prospect of a rate hike seemingly eliminated from investors thought process. It has been widely anticipated that the BoE would be raising interest rates by 0.25% at their upcoming policy...