Yesterday’s push above 1.59 was swiftly rejected but we appear to have found some support at 1.58 this morning. Last Week Last week was relatively uneventful on the data front, with three separate UK surveys delivering mixed results; the Manufacturing and Services sector surveys convincingly beat expectations, printing at 52.1 and 56.0 respectively, while the [...]
US Dollar Exchange Rate Forecasts
GBP-USD Update Category
Sterling has managed to make new highs four weeks on the trot
Thursday, February 9th, 2012The dollar has been on the back foot
Wednesday, February 1st, 2012Sterling is on the front foot for now, and a close above 1.5700 is a positive signal as the Pound was previously rebuffed from this level 3 times in November. Foreign Currency Market Update – GBP / USD Update All eyes were on the eurozone summit yesterday, which resulted in 25 of the 27 EU [...]
Pound to US Dollar Forecast – Sterling going nowhere fast
Monday, January 23rd, 2012European bond yields have dropped off steadily over the last week or two, which effectively brings the sovereign debt crisis back to an uncomfortable simmer. By Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling entered the New Year in bad form. We were languishing close to 18 month lows around 1.53 [...]
Sterling is trading relatively unchanged against the Dollar over the last week
Monday, December 12th, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling is trading relatively unchanged against the Dollar over the last week, tending toward the lower end of the 1.54 – 1.61 range that has been in place for the last quarter. There’s a lot of talk of volatility and uncertainty in the [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – The US dollar exchange rate spent October on the back foot
Tuesday, November 15th, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update The US dollar exchange rate spent October on the back foot as stock markets rebounded sharply from the late summer sell off. As investors waded back into stocks and riskier assets, demand for safe haven currencies waned, driving the dollar’s value lower. This [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling gains as stock markets rebound
Tuesday, August 23rd, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling has been making steady gains against the US dollar since stock markets began their rebound around August 11th. The dollar had strengthened as stock markets tumbled and investors scrambled for safe havens for cash, but the Pound has been able to quickly [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling looked poised to break higher against a beleaguered US dollar…
Friday, August 12th, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling looked poised to break higher against a beleaguered US dollar two weeks ago as the president and Congress struggles to reach an agreement on the US debt ceiling. Last Monday evening a deal was done, and the logical reaction would have been [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling edges higher as US debt talks stall
Tuesday, July 26th, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling has continued to build on the recent reversal from the 1.5800 low, taking advantage of a broadly weaker US dollar exchange rate. It’s not so much that the Pound is now a well regarded currency but more to do with the stalling [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling leaps 4 cents…
Monday, July 18th, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update After falling to the lowest level in 6 months last Tuesday Sterling has staged an impressive rebound, surging by over 4 cents over the next two days, spending the remainder of the week consolidating the gains. UK economic data cannot be said to [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling recovers May’s earlier losses…
Tuesday, May 31st, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling reversed its recent losing streak last week, adding over 3 cents. The big UK data item was the first revision to first quarter GDP. Growth was confirmed at the 0.5% originally estimated (1.8% annual) which was met with a sense of relief. [...]
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