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Currency News - USD

GBP/USD Rallies on Fed Rate Cut Speculation

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / USD

Last week’s high: $1.2745 Last week’s low: $1.2610   US Dollar Bludgeoned by Rising Rate Cut Odds The Pound US Dollar exchange rate rallied last week, with the pairing climbing around a cent amidst growing speculation that the Federal Reserve will be forced to lower interest rates. Fueling this speculation were comments by Fed Chair…(read more)

GBP/USD Exchange Rate Falls as Trade Tensions Escalate

Written by Alastair Archbold on Monday, May 20, 2019. Currency News - Sterling / USD

Last week’s high: $1.3038 Last week’s low:  $1.2758   Safe-Haven US Dollar Rises as US-China Trade Tensions Escalate On Monday, the safe-haven US Dollar rose against the Pound as trade tensions escalated. With China stating it would raise tariffs on $60 billion worth of US goods. Meanwhile, the Pound slipped against the US Dollar on…(read more)

GBP/USD Exchange Rate Flat as Trump’s 25% Tariffs Take Effect

Written by Alastair Archbold on Monday, May 13, 2019. Currency News - Sterling / USD

Last week’s high: $1.3151 Last week’s low: $1.2973   Safe-Haven US Dollar Benefits as Trump’s Tariffs Weigh on Risk Appetite Last week reports emerged suggesting that China had backtracked on nearly all aspects of the US-China trade agreement, which caused the Pound US Dollar exchange rate to slip. This was confirmed on Wednesday when US…(read more)

GBP/USD Strikes Two-Week High as Brexit Sentiment Improves

Written by Alastair Archbold on Tuesday, May 7, 2019. Currency News - Sterling / USD

Last week’s high: $1.3097 Last week’s low: $1.2907   Pound Cheers Cross-Party Brexit Progress The Pound US Dollar exchange rate enjoyed a solid start to last week’s session, surging higher on the back of renewed Brexit optimism following reports of progress in cross-party talks. However GBP/USD peaked in the mid-week as the US Dollar bounced…(read more)

GBP/USD Exchange Rate Edges Up despite Storming US GDP Print

Written by Alastair Archbold on Monday, April 29, 2019. Currency News - Sterling / USD

Last week’s high: $1.3013 Last week’s low: $1.2869   US Dollar Falls as Q1 US GDP Accelerates The start of last week saw the Pound US Dollar (GBP/USD) exchange rate slide as Washington announced all waivers on imports of sanctioned Iranian oil would be ending. The pairing continued to fall despite a statement from the…(read more)

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)

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