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Currency News - USD

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)

Brexit Speculation Helps Pound Surge against Mixed US Dollar

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / USD

Last week’s high: $1.3134 Last week’s low: $1.2836   GBP/USD Benefits from Lack of Fresh US Dollar Demand, Brexit Hopes Despite some strong US data last week, the US Dollar outlook was ultimately unchanged as the figures continued to indicate what markets already expected. While US ecostats have shown that the US economy is holding…(read more)

Pound Volatile vs. US Dollar after Flash Crash

Written by Alastair Archbold on Monday, January 7, 2019. Currency News - Sterling / USD

Last week’s high: $1.2855 Last week’s low: $1.2481 GBP/USD Fluctuates by 4 Cents The Pound US Dollar exchange rate experienced extreme volatility last week as a mini flash crash rocked the currency market. Although the Pound lost over 1% against the US Dollar mid-week, GBP was able to claw back much of its losses in…(read more)

GBP/USD Climbs despite Brexit Jitters amid US Growth Fears

Written by Arron Morris on Monday, December 24, 2018. Currency News - Sterling / USD

Last week’s high: $1.2703 Last week’s low: $1.2576 Pound to US Dollar Gains Limited by Brexit Uncertainties Despite a lack of drive in the Pound last week, the British currency was able to sustain some gains against a weakened US Dollar. In the middle of the week, the Federal Reserve indicated it could ignore warnings…(read more)

GBP/USD Exchange Rate Suffers on Brexit and Risk Aversion

Written by Arron Morris on Monday, December 17, 2018. Currency News - Sterling / USD

Last week’s high: $1.2767 Last week’s low:  $1.2482 GBP/USD Hit by Brexit Turmoil as Theresa May Dodges No-Confidence Bullet After a mid-week recovery attempt, the Pound Sterling to US Dollar exchange rate ended last week lower. The US Dollar benefitted from weakness in rivals and its status as a safe haven currency, allowing it to…(read more)

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