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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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The Pound to US Dollar exchange rate weakened by almost three cents last week to hit its lowest level in 31-year, barring the ‘flash crash’ at the beginning of October. Sterling tumbled to fresh three-month lows versus the US Dollar last week in reaction to remarks from UK Prime Minister Theresa May suggesting that Britain [...]

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PM May Sends GBP/USD To October Lows

Posted by:
Date: January 9th, 2017.

Sterling slumped to its lowest level since October against the US Dollar at the start of this week’s session on fears UK Prime Minister Theresa May could be aiming for a so-called ‘hard Brexit’. The Pound rallied by around two cents during last week’s session as all three British PMI reports exceeded economists’ expectations. Manufacturing [...]

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The interbank Pound to US Dollar exchange rate enters the New Year around the 1.22 mark. In 2016 many analysts estimated that 1.25 represented ‘fair value’ for the GBP/USD exchange rate, suggesting that there is room for Sterling to appreciate versus the ‘Greenback’ at the start of 2017. However, the Federal Reserve’s hawkish outlook, which [...]

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GBP NZD Strengthens as Dairy Prices Slip

Posted by:
Date: January 3rd, 2017.

Despite domestic data being generally lacking, the New Zealand Dollar nevertheless saw some volatility last week, fuelled by shifting market risk sentiment. An unexpected widening of the US trade deficit increased the appeal of the ‘Kiwi’, suggesting that the world’s largest economy is not in such a robust state as previously thought. This prompted investors [...]

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GBP/USD 2017 Outlook

Posted by:
Date: December 28th, 2016.

After a year of big moves, the Pound to US Dollar exchange rate is set to end 2016 around 26 cents weaker than it began. Although British economic data remained sturdy in the first half of the year, demand for Sterling was curtailed by fears that Britain could be plunged into uncertainty if June’s EU [...]

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Hawkish Fed Sends GBP/USD Lower

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Date: December 19th, 2016.

Sterling weakened by around two cents versus the US Dollar last week following the Federal Reserve’s decision to raise rates and employ a hawkish bias going forward. The Pound rallied above 1.27 versus the ‘Greenback’ at the start of last week’s session as jittery traders reduced their bets of a strong hawkish message from the [...]

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