GBP/USD Tumbles Again as Latest US Data Influences Federal Reserve Speculation

Last week’s high: $1.2511 Last week’s low: $1.2407 Pound to US Dollar Exchange Rate Fails to Sustain Gains amid Lasting Brexit Fears The Pound to US Dollar exchange rate ended last week trading lower as the latest Brexit jitters and US data kept the pair under pressure. Sterling initially rebounded as the Conservative Party leadership … Read more GBP/USD Tumbles Again as Latest US Data Influences Federal Reserve Speculation

Bets of Aggressive Fed Easing Leave USD Fluctuating

Last week’s high: $1.2592 Last week’s low: $1.2387 Pound to US Dollar Exchange Rate Recovers Thanks to Broad US Dollar Weakness In the middle of last week, the Pound to US Dollar (GBP/USD) exchange rate briefly slumped to its lowest levels in over two years – since early 2017. This was caused by rising market … Read more Bets of Aggressive Fed Easing Leave USD Fluctuating

GBP/USD Edges Higher as US Rate Cut Fears Increase

Last week’s high: $1.2561 Last week’s low: $1.2442 USD Dollar Sinks as the Fed Hints at Imminent Rate Cuts The Pound US Dollar (GBP/USD) exchange rate rose last week following the Federal Reserve’s hints at a possible rate cut this month. This came following comments from Fed Chairman Jerome Powell who said that global trade … Read more GBP/USD Edges Higher as US Rate Cut Fears Increase

GBP/USD Nosedives as Abysmal PMIs Prompt UK Growth Fears

Last week’s high: $1.2704 Last week’s low: $1.2542 US Dollar Sinks on Fed Rate Cut Expectations The Pound US Dollar exchange rate slumped last week, with Sterling’s losses being kicked off by the release of some gloomy PMI figures. This saw an extremely narrow expansion in the dominant service sector unable to offset slumps in … Read more GBP/USD Nosedives as Abysmal PMIs Prompt UK Growth Fears

Anxiety over No-Deal Brexit Drives GBP/USD Lower

Last week’s high: $1.2769 Last week’s low: $1.2666 Disappointing US Goods Trade Balance Fails to Boost GBP/USD Although the Federal Reserve still appears on course to cut interest rates at its July policy meeting this failed to shore up the GBP/USD exchange rate last week. However, the US Dollar remained generally under pressure thanks to … Read more Anxiety over No-Deal Brexit Drives GBP/USD Lower

Increasing Odds of Fed Rate Cut Help GBP/USD

Last week’s high: $1.2780 Last week’s low: $1.2620   US Dollar Weakens as Markets Price Near-Certainty of 2019 Fed Rate Cut The odds of the Federal Reserve cutting interest rates in the coming months continued to mount last week, limiting the strength of the US Dollar. As May’s consumer price index fell short of forecasts, … Read more Increasing Odds of Fed Rate Cut Help GBP/USD

GBP/USD Rallies on Fed Rate Cut Speculation

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 Rallies on Fed Rate Cut Speculation

GBP/USD Nears Fresh 2019 Lows as Political Chaos Reigns in the UK

Last  week’s high: $1.2749 Last week’s low: $1.2563   Pound Sinks as Political Jockeying Begins The Pound US Dollar exchange rate came dangerously close to striking a fresh 2019 low last week as political turmoil in the UK continued to dampen the appeal of Sterling. Adding to the pressure GBP exchange rates were comments from … Read more GBP/USD Nears Fresh 2019 Lows as Political Chaos Reigns in the UK

GBP/USD Exchange Rate Falls as Trade Tensions Escalate

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 Falls as Trade Tensions Escalate