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Currency News - USD

GBP/USD Meanders amid Global Trade Uncertainty

Written by Arron Morris on Monday, June 11, 2018. Currency News - Sterling / USD

Last week’s high: $1.3565 Last week’s low: $1.3303 GBP/USD Supported by Accelerated UK Services Sector Activity The pound US dollar (GBP/USD) exchange rate traded within a relatively narrow band last week, bolstered by worsening international trade relations and an upbeat UK services PMI but limited by a storm of controversy regarding the Brexit ‘backstop’ plan…(read more)

GBP/USD Climbs despite Broadly Optimistic US Jobs Report

Written by Arron Morris on Monday, June 4, 2018. Currency News - Sterling / USD

Last week’s high: $1.3345 Last week’s low: $1.3218 Pound to US Dollar Exchange Rate Holds Ground despite Strong US NFP Data The US Dollar’s performance continued to slow down last week, as mixed US data and uncertainty about US President Trump’s stance on trade protectionism limited market demand for the currency. Investors had no reason…(read more)

GBP/USD Slumps to Five-Month Low as UK Inflation Dips

Written by Arron Morris on Tuesday, May 29, 2018. Currency News - Sterling / USD

Last week’s high: $1.3486 Last week’s low: $1.3308 Pound Nosedives as Falling Inflation Raises Doubts over BoE Rate Hikes The Pound US Dollar exchange rate suffered its sixth consecutive session of losses last week with the pairing struggling in the face of renewed Brexit uncertainty and some lacklustre economic data. Sterling’s heaviest losses came on…(read more)

Will GBP/USD Fall to New Lows?

Written by Arron Morris on Monday, May 21, 2018. Currency News - Sterling / USD

Last week’s high: $1.3605 Last week’s low: $1.3453 GBP/USD Close to 5-Month Low The Pound struggled against the US Dollar last week, trading at its lowest level since December 2017. The deterioration was partly caused by Bank of England (BoE) Deputy Governor Ben Broadbent, who labelled the UK economy as ‘past its peak’. In US…(read more)

GBP/USD Exchange Rate Volatility Forecast on UK Earnings Data

Written by Arron Morris on Monday, May 14, 2018. Currency News - Sterling / USD

Last week’s high: $1.3604 Last week’s low: $1.3471 Pound US Dollar Rate Battered by BoE Interest Rate Freeze The Pound fluctuated wildly against the US Dollar last week, due to the Bank of England (BoE) freezing its interest rate for another month. This was the expected outcome, but the Pound was still damaged because the…(read more)

Glum UK Growth Outlook Knocks GBP/USD to 3-Month-Lows

Written by Arron Morris on Tuesday, May 8, 2018. Currency News - Sterling / USD

Last week’s high: $1.3791 Last week’s low: $1.3498 Pound Hits Lows Versus US Dollar as Bank of England Rate Hike Bets Fade Over the last week, almost all confidence in the possibility of a May interest rate hike from the Bank of England (BoE) faded, as Britain’s latest PMIs indicated that the UK economy performed…(read more)

GBP/USD Plummets as BoE Rate Hike Now in Doubt

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

Last week’s high: $1.4291 Last week’s low: $1.4085 Pound Nosedives as May Rate Hike Expectations Dampened After briefly striking a new post-Brexit high at the start of the session, the Pound US Dollar exchange rate suffered a sharp sell-off last week on fears the Bank of England (BoE) may no longer be targeting a rate…(read more)

GBP/USD Advances as Trump Threats Spook Markets

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

Last week’s high: $1.4291 Last week’s low: $1.4085   Trump Rhetoric Prompts Losses for the US Dollar The Pound US Dollar exchange rate struck its highest levels since the Brexit referendum last week as geopolitical concerns weighed heavily on USD. These concerns were even enough to offset some impressive US inflation figures, despite suggestions that…(read more)

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