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GBP to USD Forecasts

With US President Donald Trump embroiled in a number of Russia and FBI related scandals, the US Dollar tumbled to its lowest level since last September against the Pound last week. The ‘Greenback’ weakened last week in reaction to fears that President Trump could be impeached. Although such a drastic move is a long way [...]

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GBP/USD lost around half a cent last week due to a lack of appetite for higher interest rates at the Bank of England. Sterling slipped from an eight-month high midway through last week’s session as traders waited for a hawkish signal to drive the Pound through significant psychological resistance. That hawkish signal didn’t materialise. News [...]

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The Pound remained on the front-foot versus the US Dollar last week, rising to new eight-month highs as UK data printed positively. All three of last week’s UK private sector reports for April came in higher than markets had anticipated. The upbeat reports maintained optimism that the British economy could perform well this year, despite [...]

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GBP/USD Hits September 2016 High

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Date: May 2nd, 2017.

Sterling rallied by around a cent last week to strike its highest level against the US Dollar since September 2016 as US President Donald Trump’s tax plans were met with skepticism. ‘Cable’ strengthened by around half a cent at the beginning of last week’s session following UK data showing that the British government met its [...]

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GBP/USD Hits 6-Month High

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Date: April 24th, 2017.

Sterling rallied by around two cents versus the US Dollar last week to strike its highest level since October 2016 following the announcement of snap UK elections in June. GBP/USD rocketed higher last Tuesday in reaction to UK Prime Minister Theresa May’s surprise call for a general election in June. Recent polls suggest May holds [...]

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Sterling has appreciated by around three cents to strike a two-and-a-half-month high against the US Dollar since the start of last week’s session. Geopolitical concerns and calls for early UK elections contributed to GBP/USD’s gains. The Pound got off to a decent start last week when UK inflation data came in at a joint-three-year high [...]

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GBP/USD Slips Below Significant Support

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Date: April 10th, 2017.

The Pound to US Dollar exchange rate slid through longstanding technical and psychological support at 1.25 at the beginning of last week’s session as UK data disappointed. A drop in demand for consumer goods drove the UK manufacturing PMI down to a four-month low of 54.2 last week, which weighed on the Sterling. Over in [...]

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The Pound to US Dollar exchange rate flirted with longstanding technical and psychological resistance last week, remaining close to two-month highs. ‘Cable’ struck a two-month high at the start of last week’s session following US President Donald Trump’s failure to pass a healthcare reform bill. The aborted legislation raised concerns that Trump may struggle to [...]

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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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