Sterling / USD

Last week’s high: $1.2497 Last week’s low: $1.2275 Pound Weakened by Brexit News, US Dollar Driven by Risk-Appetite The GBP/USD exchange rate shed almost two cents over the course of last week as the resumption of parliament created political chaos, weakening the Pound, while a risk-off environment bolstered the US Dollar. At the start of … Read more GBP/USD Driven by US-China Trade Developments and UK Political Uncertainty

Last week’s high: $1.2573 Last week’s low: $1.2397 Global Growth Fears and Geopolitical Tensions Bolster Safe Haven Demand The Pound to US Dollar exchange rate attempted to advance at multiple points last week, but the pairing failed to sustain any considerable gains until the final hour. The US Dollar’s safe haven appeal provided support for … Read more No Strong Gains for GBP/USD as Market Uncertainties Keep US Dollar Appealing

Last week’s high: $1.2362 Last week’s low: $1.2238 Signs of Weakening Inflation Weigh Heavily on US Dollar As the latest US producer price index and consumer price index figures fell short of forecast this left the US Dollar on a generally weaker footing. Although neither measure is the Federal Reserve’s preferred gauge of inflation these … Read more Softer Inflation Dents US Dollar Ahead of Fed Decision

Last week’s high: $1.2346 Last week’s low: $1.1967 Softening Brexit Fears see Pound to US Dollar Rebound from Decade Worst No-deal Brexit fears briefly intensified in the first half of last week with the Pound to US Dollar exchange rate touching on its worst level in a decade. Efforts to prevent a no-deal Brexit along … Read more Mixed US Non-Farm Payroll Report Helps GBP/USD Sustain Over a Cent in Gains

Last week’s high: $1.2296 Last week’s low: $1.2169 Pound Slips as No-Deal Brexit Risks Grow The Pound US Dollar exchange rate faced a daunting week on the defence as markets reacted to Prime Minister Boris Johnson’s decision to prorogue parliament. Parliament will now sit for just three weeks before the Brexit deadline passes. Sterling sentiment … Read more GBP/USD Rocked by UK Political Turmoil

Last week’s high: $1.2263 Last week’s low: $1.2070 US Dollar Eases as Dovish Fed Expectations Weigh on ‘Greenback’ The Pound (GBP) opened the week down against the US Dollar (USD) despite mounting cross-party opposition for a no-deal Brexit. Shadow Chancellor John McDonnell said on Monday: ‘There is a need now to bring MPs back together … Read more GBP/USD Outlook: Sterling Haunted by Brexit Uncertainties

Last week’s high: $1.2165 Last week’s low: $1.2018 Pound Stages Solid Recovery Vs. USD After rebounding from its worst levels last week, the appeal of Sterling improved with stronger-than-expected UK data and a show of solidarity by Britain’s opposition parties in their desire to block a no-deal Brexit. This paved the way for sustained GBP/USD … Read more GBP/USD Recovers on Brexit Hopes and Supportive Data

Last week’s high: $1.2204 Last week’s low: $1.2062 US Dollar Fluctuates on US-China Trade Tensions Trade tensions between the US and China saw the Pound edge higher against the US Dollar at the start of last week. The US ISM Non-Manufacturing PMI also eased below forecasts, sinking from 55.1 to 53.7. However, by midweek a … Read more GBP/USD Sinks as UK Growth Contracts in Second Quarter

Last week’s high: $1.2376 Last week’s low:  $1.2087 Hawkish Fed Pushes US Dollar to Two-and-a-half Year High Against GBP The Pound US Dollar exchange rate slumped at the start of the week, falling to its lowest level since January 2017. US consumer spending and prices edged up in June, however the Fed’s preferred measure of … Read more GBP/USD Exchange Rate Slumps as Fed Slashes Rates for First Time Since 2008