Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News - USD

GBP/USD Recovers on Brexit Hopes and Supportive Data

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / USD

Last week’s high: $1.2165 Last week’s low: $1.2018 Pound Stages Solid Recovery Vs. USD After rebounding from its worst levels last week, the appeal of Sterling improved with stronger-than-expected UK data and a show of solidarity by Britain’s opposition parties in their desire to block a no-deal Brexit. This paved the way for sustained GBP/USD…(read more)

GBP/USD Sinks as UK Growth Contracts in Second Quarter

Written by Alastair Archbold on Monday, August 12, 2019. Currency News - Sterling / USD

Last week’s high: $1.2204 Last week’s low: $1.2062 US Dollar Fluctuates on US-China Trade Tensions Trade tensions between the US and China saw the Pound edge higher against the US Dollar at the start of last week. The US ISM Non-Manufacturing PMI also eased below forecasts, sinking from 55.1 to 53.7. However, by midweek a…(read more)

GBP/USD Exchange Rate Slumps as Fed Slashes Rates for First Time Since 2008

Written by Alastair Archbold on Monday, August 5, 2019. Currency News - Sterling / USD

Last week’s high: $1.2376 Last week’s low:  $1.2087 Hawkish Fed Pushes US Dollar to Two-and-a-half Year High Against GBP The Pound US Dollar exchange rate slumped at the start of the week, falling to its lowest level since January 2017. US consumer spending and prices edged up in June, however the Fed’s preferred measure of…(read more)

GBP/USD Tumbles Again as Latest US Data Influences Federal Reserve Speculation

Written by Alastair Archbold on Monday, July 29, 2019. Currency News - Sterling / USD

Last week’s high: $1.2511 Last week’s low: $1.2407 Pound to US Dollar Exchange Rate Fails to Sustain Gains amid Lasting Brexit Fears The Pound to US Dollar exchange rate ended last week trading lower as the latest Brexit jitters and US data kept the pair under pressure. Sterling initially rebounded as the Conservative Party leadership…(read more)

Bets of Aggressive Fed Easing Leave USD Fluctuating

Written by Alastair Archbold on Monday, July 22, 2019. Currency News - Sterling / USD

Last week’s high: $1.2592 Last week’s low: $1.2387 Pound to US Dollar Exchange Rate Recovers Thanks to Broad US Dollar Weakness In the middle of last week, the Pound to US Dollar (GBP/USD) exchange rate briefly slumped to its lowest levels in over two years – since early 2017. This was caused by rising market…(read more)

GBP/USD Edges Higher as US Rate Cut Fears Increase

Written by Alastair Archbold on Monday, July 15, 2019. Currency News - Sterling / USD

Last week’s high: $1.2561 Last week’s low: $1.2442 USD Dollar Sinks as the Fed Hints at Imminent Rate Cuts The Pound US Dollar (GBP/USD) exchange rate rose last week following the Federal Reserve’s hints at a possible rate cut this month. This came following comments from Fed Chairman Jerome Powell who said that global trade…(read more)

GBP/USD Nosedives as Abysmal PMIs Prompt UK Growth Fears

Written by Alastair Archbold on Monday, July 8, 2019. Currency News - Sterling / USD

Last week’s high: $1.2704 Last week’s low: $1.2542 US Dollar Sinks on Fed Rate Cut Expectations The Pound US Dollar exchange rate slumped last week, with Sterling’s losses being kicked off by the release of some gloomy PMI figures. This saw an extremely narrow expansion in the dominant service sector unable to offset slumps in…(read more)

Anxiety over No-Deal Brexit Drives GBP/USD Lower

Written by Arron Morris on Monday, July 1, 2019. Currency News - Sterling / USD

Last week’s high: $1.2769 Last week’s low: $1.2666 Disappointing US Goods Trade Balance Fails to Boost GBP/USD Although the Federal Reserve still appears on course to cut interest rates at its July policy meeting this failed to shore up the GBP/USD exchange rate last week. However, the US Dollar remained generally under pressure thanks to…(read more)

GBP/USD Skyrockets on Dovish Fed Signals

Written by Alastair Archbold on Monday, June 24, 2019. Currency News - Sterling / USD

Last week’s high: $1.2722 Last week’s low: $1.2513   US Dollar Sinks on Fed Rate Cut Expectations The Pound US Dollar exchange rate roared higher last week on the back of increased odds that the Federal Reserve will soon begin to reverse some of last year’s rate hikes. This comes after the Fed sent a…(read more)

Increasing Odds of Fed Rate Cut Help GBP/USD

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / USD

Last week’s high: $1.2780 Last week’s low: $1.2620   US Dollar Weakens as Markets Price Near-Certainty of 2019 Fed Rate Cut The odds of the Federal Reserve cutting interest rates in the coming months continued to mount last week, limiting the strength of the US Dollar. As May’s consumer price index fell short of forecasts,…(read more)

© Copyright 2013 to 2019 | Foremost Currency Group Ltd | All rights reserved