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Currency News - USD

GBP/USD Knocked by Bullish Fed and Brexit Anxiety

Written by Arron Morris on Monday, October 22, 2018. Currency News - Sterling / USD

Last week’s high: $1.3233 Last week’s low:  $1.3014 Dollar Soars on Bullish Fed and Strong Data The Pound US Dollar (GBP/USD) exchange rate took a battering last week as a bullish sounding Federal Reserve boosted the US Dollar on one side, and further Brexit instability weakened the Pound on the other. The Pound did manage…(read more)

GBP/USD Strengthens after Trump’s Clash with the Fed

Written by Arron Morris on Monday, October 15, 2018. Currency News - Sterling / USD

Last week’s high: $1.3254 Last week’s low: $1.3030 US Dollar Dragged Down by Trump’s Fed Spat Last week saw the Pound progressively trade higher against the US Dollar, with a high-profile clash between the Presidency and the US central bank panicking USD traders. President Donald Trump accused the Fed of being ‘out of control’ and…(read more)

GBP/USD Slides as Fed Raises Interest Rates

Written by Arron Morris on Monday, October 1, 2018. Currency News - Sterling / USD

Last week’s high: $1.3200 Last week’s low: $1.3033 US Dollar Bolstered by the Fed’s Upbeat Outlook The Pound US Dollar exchange rate surged as much as a cent at the start of last week’s session as the pairing looked to recoup some of the ground lost during the previous session. This rebound in Sterling appeared…(read more)

GBP/USD Climbs to Two-Month High on US Dollar Weakness

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

Last week’s high: $1.3291 Last week’s low: $1.3045 US Dollar Depreciates as Trade Concerns Ease The Pound US Dollar exchange rate surged to a two-week high last week, with the pairing rocketing up as much as 1% on Thursday amid broad weakness in the US Dollar. This appeared to be largely a result of easing…(read more)

GBP/USD Climbs Almost Two Cents on Hopes over Brexit Deal

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

Last week’s high: $1.3132 Last week’s low: $1.2901 US Dollar Resilience Fades as Trade Jitters Abate Slightly The Pound to US Dollar exchange rate saw significant gains last week due to numerous factors both domestic and global. The primary cause of Pound strength throughout the week was comments from EU Chief Negotiator Michel Barnier, who…(read more)

GBP/USD Struggles to Hold Weekly Highs as US Jobs Data Beats Forecasts

Written by Arron Morris on Monday, September 10, 2018. Currency News - Sterling / USD

Last week’s high: $1.3017 Last week’s low: $1.2798 US Non-Farm Payrolls Support US Dollar, as Sterling Bolstered by Brexit Speculation All in all, the Pound to US Dollar exchange rate didn’t see much change in value throughout the last week. The US Dollar easily climbed against a Brexit-battered Pound in the first half of the…(read more)

GBP/USD Falls Back from Best Levels as Investors Seek ‘Safe Havens’

Written by Arron Morris on Monday, September 3, 2018. Currency News - Sterling / USD

Last week’s high: $1.3038 Last week’s low: $1.2834 Brexit Speculation Leads to Big GBP/USD Gains despite ‘Safe Haven’ Demand Despite a late-week boost for the US Dollar, the Pound to US Dollar exchange rate put in significant gains last week and saw its second consecutive weekly advance. Comments from EU Chief Negotiator Michel Barnier that…(read more)

GBP/USD Risks Losses on US GDP Boom

Written by Arron Morris on Tuesday, August 28, 2018. Currency News - Sterling / USD

Last week’s high: $1.2930 Last week’s low: $1.2731 GBP/USD Boosted by Cautious Fed Outlook Last week saw the Pound rise against the US Dollar and close around $1.2844 on Friday. In the UK, the government revealed its no-deal Brexit plans. Analysts gave a mixed reception to the measures and Chancellor Philip Hammond reiterated the dangers…(read more)

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)

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