Foremost Currency Group

Make the most of your currency

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

Currency News - USD

GBP/USD Struggles to Recover Ground in Spite of Brexit Extension

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

Last week’s high: $1.3118 Last week’s low: $1.3000   Fresh Brexit Deadline Extension Offers Limited Support to GBP/USD Exchange Rate Anxiety over Brexit saw the GBP/USD exchange rate remain under pressure last week, even after EU leaders agreed a fresh extension of the exit deadline. While the Article 50 deadline was pushed back to the…(read more)

Brexit Uncertainties and Signs of US Economic Resilience Knock GBP/USD Gains

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

Last week’s high: $1.3188 Last week’s low:   $1.3012   GBP/USD Fails to Sustain Gains as Late-Week News Supports US Dollar Strength For much of last week, the Pound to US Dollar exchange rate trended higher as investors reacted to hopes that the UK could edge towards a softer outcome for Brexit, while the US Dollar…(read more)

GBP/USD Tumbles amid Renewed Brexit Uncertainty

Written by Arron Morris on Monday, March 25, 2019. Currency News - Sterling / USD

Last week’s high: $1.3315 Last week’s low: $1.3021 Brexit Chaos Hammers Sterling The Pound US Dollar exchange rate fell back last week as Sterling came under fire amidst renewed Brexit jitters. This was largely driven by Theresa May’s decision to only seek a short extension to Brexit, as well as rising concerns that the UK…(read more)

Pound US Dollar Weakness Limited by Shockingly Poor Payrolls Report

Written by Alastair Archbold on Monday, March 11, 2019. Currency News - Sterling / USD

Last week’s high: $1.3277 Last week’s low: $1.3055 Terrible Non-Farm Payrolls Leave US Dollar under Pressure As February’s US non-farm payrolls report fell significantly short of forecasts this left the US Dollar under pressure ahead of the weekend. Investors were not impressed by news that just 20,000 new jobs had been added to the US…(read more)

GBP/USD Exchange Rate Slips as UK Manufacturing Job Losses Jump

Written by Alastair Archbold on Monday, March 4, 2019. Currency News - Sterling / USD

Last week’s high: $1.3344 Last week’s low:  $1.3055   US Dollar Rises as Brexit Optimism Overshadowed by Weak UK Manufacturing The Pound US Dollar (GBP/USD) rallied at the start of last week as Sterling was buoyed by some Brexit optimism. US President Donald Trump announced the US would be delaying further trade tariffs and planning…(read more)

Cautious Fed Minutes Benefit Pound US Dollar Exchange Rate

Written by Arron Morris on Monday, February 25, 2019. Currency News - Sterling / USD

Last week’s high: $1.3102 Last week’s low: $1.2893 Signs of Fed Dovishness Weigh on USD Exchange Rates With the Federal Reserve showing greater reluctance with regards to raising interest rates again in the near future the mood towards the US Dollar soured. As January’s Federal Open Market Committee (FOMC) meeting minutes showed a less hawkish…(read more)

GBP/USD Falls as Donald Trump Threatens National Emergency

Written by Alastair Archbold on Monday, February 18, 2019. Currency News - Sterling / USD

Last week’s high: $1.2966 Last week’s low: $1.2776   GBP/USD Falls as Spectre of Brexit Re-Emerges The Pound US Dollar exchange rate remained volatile last week after Prime Minister Theresa May faced a humiliating defeat in Parliament on Thursday, dampening market confidence in Sterling. The first half of the session saw the Pound weaken following…(read more)

GBP/USD Exchange Rate Rises on Hawkish BoE Outlook

Written by Alastair Archbold on Monday, February 11, 2019. Currency News - Sterling / USD

Last week’s high: $1.3093 Last week’s low: $1.2868 US Dollar Slides on US-China Tension The start of last week saw the GBP/USD exchange rate slip back from the $1.30 level as the UK saw both a weak construction and services PMI. Tuesday saw the release of the US non-manufacturing PMI for January, which slipped below…(read more)

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