GBP USD Exchange Rate: The Week Ahead November 01st

Pound to us Dollar Exchange Rate Hits 4 Month High

Pound to us Dollar exchange rates have hit a 4 month high against the Dollar in trading this week, as investors and speculators steer clear from the greenback due to coronavirus and political fears. The virus really has taken hold of various States in the U.S and there are vast concerns that the current package for those out of work, costing $2.4 Trillion which is due to run out at the end of this month may not be replaced, which would be extremely negative for...
GBP USD Rate Consolidates on Interest Rate Expectations

The pound set to make it a hattrick of daily gains versus the dominant...

Last week the pound suffered one of its worst single days of trading against USD; the pound started the day on 18th March above 1.21 before ending the session at 1.1440 recording a 35 year low for the British currency. Only 10 days earlier the pound reached a high of 1.3190 vs USD, before the increased level of fear in the financial market caused by the growing fast spread of the COVID-19 virus. During this time, we have seen the number of confirmed cases...
GBP USD Exchange Rate: The Week Ahead November 08th

Pound to Dollar Forecast: GBP to USD Rate Shackled by Renewed Fears of No-Deal...

Fresh No-Deal Brexit Concerns Weigh on Pound The pound to US dollar rate began the week above the 1.30 level, before falling to 1.29 on the back of fresh fears of a no-deal Brexit. Normally Christmas is a time for giving, but with no economic data under the tree and Parliament on recess, Brexit concerns dominated sentiment towards the pound this week. Consequently, any hopes of clarity over the UK’s future relationship with the EU are on hold until MPs return to work a week...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Economists Predict a Break for AUD Whilst GBP Softens After Hectic Year

News for the upcoming week is suggesting that the Australian Dollar is primed for a break to a fresh 22-week high, but this momentum has been slowed mainly due to the fading liquidity. The uncertainties surrounding interest rates for AUD in 2020 are still present and causing concern for some investors. Meanwhile, for GBP, it has seen a softening after a rollercoaster year that has been dominated by the Brexit news and the General Election. With the GE over and an EU withdrawal plan...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Pound Euro Forecast – will the Pound fall further against the Euro next week?

Tory Leadership battle heats up The Pound has had one of its most quiet weeks of 2019 against the Euro. Sterling appears to have been adopting a wait and see approach vs the single currency. This weekend the Tory leadership battle will start to heat up. Ballot papers have been issued to the 160,000 Tory members across the UK. The vote will close on 22nd July and the new Prime Minister will be announced the following day. The likely winner at the moment appears to be Boris Johnson. However, as...
Pound to US Dollar rates influenced by political uncertainty in the UK

Pound Euro rates impacted by political uncertainty

Six month high selling Euros The Pound Euro rate is currently close to its lowest level all year. This is great news for anyone looking to sell Euros into Pounds. However, it is very concerning for anyone looking to convert Pounds into Euros. The political landscape in the UK is very unsettled and we are now just three weeks from finding out the next Tory Prime Minister. The clear favourite appears to be Boris Johnson but things could still change. Boris has been questioned a number of...
GBP EUR Drops Below 1.1800 Ahead of BoE Decision

Brexit update and the impact on the pound

With the news that Brexit has been extended until October 2019 there are rumours circulating that the UK could even look at asking for a further extension when they meet at the next EU summit due to be held in June. As we have passed the original deadline of 29th March I think we could see further extensions and ultimately in the end I could even see Brexit being cancelled at some point in the future. If we see a potential change in attitude towards...
GBP USD Slips Ahead of BoE Rate Decision

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 Dollar Rate Moves Higher Following Fed Meeting Minutes

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 Dollar Rate Choppy Ahead of BoE Meeting

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...