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Currency News - USD

Pound US Dollar Exchange Rate Struggles to Recover from One-Year Low

Written by Arron Morris on Monday, August 20, 2018. Currency News - Sterling / USD

Last week’s high: $1.2813 Last week’s low: $1.2671 Risk Aversion Fails to Keep US Dollar on Bullish Trend Worries over the Turkish financial crisis continued to offer the US Dollar support last week, even though the situation showed signs of stabilising. However, the mixed nature of the latest US data soon saw USD exchange rates…(read more)

GBP/USD Slumps to New 13-Month Low as Brexit Jitters Bite

Written by Arron Morris on Monday, August 13, 2018. Currency News - Sterling / USD

Last week’s high: $1.3027 Last week’s low: $1.2750 Pound Bludgeoned by ‘No-deal’ Brexit Fears The Pound US Dollar exchange rate slumped over two cents to fall below $1.28 last week, striking its lowest levels in more than a year. This came following a heavy sell-off of Sterling in the first half of the week as…(read more)

US Dollar Sustains Gains versus Pound despite Underwhelming US Non-Farm Payrolls

Written by Arron Morris on Monday, August 6, 2018. Currency News - Sterling / USD

Last week’s high: $1.3165 Last week’s low: $1.2984 GBP/USD Pressured by Persistent Brexit Jitters and US Dollar Strength Another bearish week for the Pound has dragged the Pound to US Dollar exchange rate back down to near its worst levels in months, despite the Bank of England’s (BoE) unanimous decision to hike UK interest rates….(read more)

GBP/USD Fails to Recover as US Dollar Supported by Impressive GDP Print

Written by Arron Morris on Monday, July 30, 2018. Currency News - Sterling / USD

Last week’s high: $1.3212 Last week’s low: $1.3075 Pound Recovers from Lows Versus US Dollar on Trump Comments While most of last week’s US data wasn’t particularly impressive, it was solid enough to keep investors confident that the Federal Reserve would continue to hike US interest rates and this made it easier for the US…(read more)

US Dollar Knocked Back from Best Levels as Investors Fear Potential Currency War

Written by Arron Morris on Monday, July 23, 2018. Currency News - Sterling / USD

Last week’s high: $1.3289 Last week’s low: $1.2965 Pound Recovers from Lows Versus US Dollar on Trump’s Concerning Comments Foreign exchange markets were shocked by the latest developments in the US-China trade dispute on Friday, leading to a US Dollar (USD) selloff and helping the highly unappealing Pound (GBP) to recover slightly from its worst…(read more)

GBP/USD Forecast: Can Sterling Rally on UK Jobs Data?

Written by Arron Morris on Monday, July 16, 2018. Currency News - Sterling / USD

Last week’s high: $1.3357 Last week’s low: $1.3115 GBP/USD Losses Down to Brexit Worries and Trump Warning The Pound traded poorly against the US Dollar last week; GBP/USD exchange rate losses started with the surprise resignation of Brexit Secretary David Davis and Foreign Secretary Boris Johnson. Both men resigned in opposition to the government’s Brexit…(read more)

GBP/USD Ticks Higher as US Jobs Figures Disappoint

Written by Arron Morris on Monday, July 9, 2018. Sterling / USD

Last week’s high: $1.3270 Last week’s low: $1.3100 Pound Finds Support from Upbeat PMI Figures The Pound US Dollar exchange rate initially tumbled last week, with investors flocking to USD in the face of rising trade tensions. Sterling was able to mount a solid recovery on Tuesday and Wednesday however, with some upbeat PMI figures…(read more)

GBP/USD Exchange Rate near Seven-Month Low on Bruising Brexit Forecasts

Written by Arron Morris on Monday, July 2, 2018. Currency News - Sterling / USD

Last week’s high: $1.3290 Last week’s low: $1.3061 Pound US Dollar Exchange Rate Damaged by Brexit Pacing Fears Despite an advance on Friday, the Pound struggled against the US Dollar for most of last week and hit the lowest exchange rate since November 2017. This devaluation was down to concerns about limited Brexit progress this…(read more)

Trade Concerns Weigh on US Business Optimism – What can we Expect for the US Dollar?

Written by Arron Morris on Monday, June 25, 2018. Currency News - Sterling / USD

Last week’s high: $1.3311 Last week’s low: $1.3107 USD Struggles despite Hawkish US Federal Reserve – GBP/USD over the past week The US Dollar (USD) posted a slightly worse performance against Sterling (GBP) last week, rising as investors responded to a hawkish outlook from US Fed Chairman Jerome Powell before falling in response to a…(read more)

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