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GBP to USD Forecasts

Over the last seven days the Pound to US Dollar exchange rate has appreciated by around two cents to hit its highest level in almost two months. Upbeat UK retail sales and inflation data boosted Sterling, while concerns over President Donald Trump’s ability to pass legislation weighed on the ‘Greenback’. GBP/USD struck a three-month high [...]

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The Federal Reserve hiked interest rates 25 basis points last week but it was not enough to stop the Pound from bouncing higher versus the US Dollar. GBP/USD tumbled to a two-month low at the start of last week’s session following an announcement from Scottish First Minister Nicola Sturgeon that she would be requesting permission [...]

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The GBP/USD exchange rate slid by around -150 pips to strike a seven-week low last week as markets fully priced in the prospect of a Federal Reserve rate hike taking place on Wednesday. With March Fed rate hike bets surging to 86% at the start of last week’s session, the ‘Greenback’ was firmly in the [...]

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‘Cable’ dropped to a five-week low last week as UK data disappointed and Federal Reserve rate hike bets surged. Going into last week’s session, traders were focussing on Donald Trump’s first Presidential address to the houses of Congress. However, the speech didn’t live up to the hype. Trump struck a conciliatory tone, softening his approach [...]

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The Pound has spent the last month grappling with psychological resistance at 1.25 against the US Dollar and last week was no different. What can we expect from the GBP/USD pairing in the days ahead? Sterling rallied by around a third of a cent at the start of last week’s session thanks to a two-year [...]

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The Pound to US Dollar exchange rate slipped below psychological support last week in reaction to a stream of soft UK ecostats. After putting in a solid performance to start the week Sterling fell out of favour with investors last Tuesday as UK inflation printed at 1.8%, underwhelming expectations of 1.9%. The US Dollar meanwhile, [...]

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GBP/USD Remains Above Psychological Support

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Date: February 13th, 2017.

The GBP/USD exchange rate remained above psychological support for most of last week’s session as hopes of a rate rise from the Bank of England were stoked by sturdy data and a hawkish policymaker speech. The Pound got off to a good start last week thanks to a hawkish message from BoE policymaker Kristin Forbes, [...]

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GBP/USD Sensitive To Brexit & Trump Sagas

Posted by:
Date: February 6th, 2017.

The Pound to US Dollar exchange rate rose then fell last week as comments from the US government hurt the ‘Greenback’ and a dovish Bank of England (BoE) statement weighed on Sterling. ‘Cable’ surged through psychological resistance at 1.25 at the start of last week’s session when US President Donald Trump’s top trade advisor accused [...]

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Sterling touched a six-week high versus the US Dollar last week but sentiment appears to have soured somewhat at the start of this week’s session. GBP/USD ticked higher at the start of last week’s session ahead of the UK Supreme Court’s judgement on Brexit. The judges ruled that government would need parliamentary approval before triggering [...]

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Having broken below 1.20 last week, the Pound to US Dollar exchange rate now appears to be approaching ‘fair value’ at 1.25, helped in part by President Donald Trump’s disappointing decision not to unveil concrete plans for economic policy. ‘Cable’ slumped to its lowest level for 31-years – barring the flash crash of October 7 [...]

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