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Currency News - USD

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)

GBP/USD Slumps to New 13-Month Low as Brexit Jitters Bite

Written by Arron Morris on Monday, August 13, 2018. Currency News - Sterling / USD

Last week’s high: $1.3027 Last week’s low: $1.2750 Pound Bludgeoned by ‘No-deal’ Brexit Fears The Pound US Dollar exchange rate slumped over two cents to fall below $1.28 last week, striking its lowest levels in more than a year. This came following a heavy sell-off of Sterling in the first half of the week as…(read more)

US Dollar Sustains Gains versus Pound despite Underwhelming US Non-Farm Payrolls

Written by Arron Morris on Monday, August 6, 2018. Currency News - Sterling / USD

Last week’s high: $1.3165 Last week’s low: $1.2984 GBP/USD Pressured by Persistent Brexit Jitters and US Dollar Strength Another bearish week for the Pound has dragged the Pound to US Dollar exchange rate back down to near its worst levels in months, despite the Bank of England’s (BoE) unanimous decision to hike UK interest rates….(read more)

GBP/USD Fails to Recover as US Dollar Supported by Impressive GDP Print

Written by Arron Morris on Monday, July 30, 2018. Currency News - Sterling / USD

Last week’s high: $1.3212 Last week’s low: $1.3075 Pound Recovers from Lows Versus US Dollar on Trump Comments While most of last week’s US data wasn’t particularly impressive, it was solid enough to keep investors confident that the Federal Reserve would continue to hike US interest rates and this made it easier for the US…(read more)

US Dollar Knocked Back from Best Levels as Investors Fear Potential Currency War

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

Last week’s high: $1.3289 Last week’s low: $1.2965 Pound Recovers from Lows Versus US Dollar on Trump’s Concerning Comments Foreign exchange markets were shocked by the latest developments in the US-China trade dispute on Friday, leading to a US Dollar (USD) selloff and helping the highly unappealing Pound (GBP) to recover slightly from its worst…(read more)

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