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Currency News - USD

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)

Pound Fails to Hold its Ground against Safe Haven US Dollar

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

Last week’s high: $1.2859 Last week’s low: $1.2729 GBP/USD Tumbles amid Brexit Fears and some Persisting Safe Haven Demand Despite risk sentiment surging last week on hopes of a breakthrough in US-China trade tensions, the Pound to US Dollar exchange rate ultimately fell as Brexit uncertainties kept the Pound even more unappealing and volatile than…(read more)

GBP/USD Has Turbulent Time Despite Thanksgiving Break

Written by Arron Morris on Monday, November 26, 2018. Currency News - Sterling / USD

Last week’s high: $1.2912 Last week’s low: $1.2767 GBP/USD Fails to Sustain Major Gains Despite UK-EU Deal Despite Sterling gaining against many other major currencies last week, the Pound to US Dollar exchange rate ultimately closed the week close to its opening levels as the US Dollar remained an appealing buy. Investors bought the Pound…(read more)

GBP/USD Plummets to November Lows on UK Political Chaos

Written by Arron Morris on Monday, November 19, 2018. Currency News - Sterling / USD

Last week’s high: $1.3053 Last week’s low: $1.2738 UK Politics and Brexit Uncertainties Limit GBP/USD Recovery Potential Last week was hugely significant for Pound exchange rates. As the UK-EU’s Brexit deal draft was met with disapproval by much of the government, including some of Theresa May’s Cabinet, the Pound plummeted across the board. Thursday was…(read more)

UK Data and Fed Hawkishness Drive GBP/USD Down from Three-Week High

Written by Arron Morris on Monday, November 12, 2018. Currency News - Sterling / USD

Last week’s high: $1.3166 Last week’s low: $1.2968 US Dollar Recovers Some Losses despite US Midterm Election Results In the first half of last week, Brexit hopes helped the Pound to climb versus the US Dollar, which was weakened following the 2018 midterm elections. As pollsters predicted, the US Democratic Party ended up taking majority…(read more)

GBP/USD Recovers Almost Two Cents on Brexit Deal Speculation

Written by Arron Morris on Monday, November 5, 2018. Currency News - Sterling / USD

Last week’s high: $1.3036 Last week’s low: $1.2699 Strong US Jobs Data Knocks GBP/USD from Weekly Peak Towards the end of last week, investors bought into the Pound en masse after a report emerged claiming that the UK and EU had largely agreed on arrangements for future financial services relationships. As the future of UK…(read more)

Pound US Dollar Falters in the Face of Solid US Growth

Written by Arron Morris on Monday, October 29, 2018. Currency News - Sterling / USD

Last week’s high: $1.3087 Last week’s low: $1.2782 Solid Third Quarter US Growth Weighs down GBP/USD Exchange Rate A better-than-expected third quarter US gross domestic product reading helped to keep the GBP/USD exchange rate on the back foot on Friday. Even though the annualised growth rate slowed from 4.2% to 3.5% this was still a…(read more)

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