Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Dollar forecast - GBP USD

A round up of the latest Pound Dollar forecast news items from the Currency News desk.

LIVE EXCHANGE RATE 05:09:19 Pound Dollar Rate »
GBP/USD +0 Days Low Days High Last Daily
1.29732 +0.13% 1.29562 1.29753 1.29563

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

28 Apr 2017 at 2 PM - Written by Frank Davies

With UK GDP failing to support Sterling, the UK currency has instead risen on a Bank of America Merill Lynch (BAML) forecast upgrade. This has pushed the Pound to 1.29 against the US Dollar. In a note to clients, BAML Currency Analyst Kamal Sharma said; ‘The announcement of a June 8th general election was a game-changing event for...

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GBP USD Exchange Rate Ticks Up on US Uncertainty over Taxes

24 Apr 2017 at 2 PM - Written by Ben Hughes

The Pound’s small advance against the US Dollar today follows a Confederation of British Industry (CBI) report on manufacturing and business optimism. The CBI’s data shows manufacturing orders to be growing at their fastest pace in six years, while orders from outside the European Union were the highest ever. The cloud to the silver...

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USD to GBP Exchange Rate Slumps after UK General Election Announced

19 Apr 2017 at 1 PM - Written by Ben Hughes

Tuesday saw major losses in the US Dollar to British Pound exchange rate as investors poured into the Pound following a surprise announcement that a UK general election would be held on the 8th of June. USD/GBP opened this week at the level of 0.7985 and has since plunged to a 2017 low of 0.7778. This was the pair’s lowest level since...

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GBP/USD Flat after Trump Calls USD Overvalued

13 Apr 2017 at 12 PM - Written by Toni Johnson

The Pound Sterling to US Dollar exchange rate is stuck around opening levels of 1.2541 today, as weak UK housing market data clashes with market aversion to USD. GBP Holds Firm despite Housing Market Data Weakness The latest house price balance from the Royal Institution of Chartered Surveyors (RICS) may have held steady at 22%, but...

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GBP USD Exchange Rate Drops as Confidence Returns to US Traders

28 Mar 2017 at 4 PM - Written by James Fuller

The British Pound to US Dollar exchange rate edged up from its weekly lows on Wednesday afternoon, but may be unable to sustain any recovery as the Pound’s volatility worsened following the activation of Article 50. The afternoon’s US house prices data was optimistic which supported the US Dollar. Analysts predict the Pound’s...

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GBP USD Exchange Rate Trended Higher After Bullish Retail Sales

23 Mar 2017 at 4 PM - Written by Ben Hughes

An unexpectedly sharp uptick in UK retail sales helped to boost the Pound US Dollar exchange rate, giving investors fresh reason to pile into Sterling. GBP Boosted by Strong Retail Sales Sales were found to have leapt 1.4% on the month in February, making up for January’s -0.5% contraction. This offered fresh evidence that...

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GBP USD Exchange Rate Crashes as Traders Wake Up to Harsh Brexit Realities

14 Mar 2017 at 1 PM - Written by Frank Davies

In spite of some disappointing UK wage growth figures the Pound to US Dollar exchange rate was trading bullishly on Wednesday morning. Some measure of confidence in Sterling was inspired by an unexpected dip in the ILO unemployment rate, which fell to its lowest level since 1975 at just 4.7%. [Previously updated 14/03/2017] GBP...

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UK PMIs Fall on all Fronts, USD GBP Exchange Rate Rises

3 Feb 2017 at 11 AM - Written by James Fuller

Gains Recorded in USD GBP Exchange Rate as Major January Jobs Stats Approach The US Dollar has risen by 0.3% against the Pound today, following the news that Donald Trump is planning to start the repeal process on the Dodd Frank regulations for mortgages and lending. While this might cause significant difficulties in the long-term, the...

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US Dollar to British Pound Exchange Rate Forecast Advances amid Trump Jitters

30 Jan 2017 at 2 PM - Written by Ben Hughes

The US Dollar to British Pound exchange rate plunged on Tuesday afternoon as the Pound strengthened while the US Dollar was undermined by the latest Trump jitters and US economic concerns. Tuesday afternoon’s US consumer confidence results from January disappointed investors, falling to 111.8 despite being predicted to come in at a...

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Pound Sterling (GBP) to US Dollar (USD) Trends Near 31-Year-Lows This Week

11 Jan 2017 at 11 AM - Written by Toni Johnson

The Pound to US Dollar exchange rate slipped from its best levels on Thursday afternoon and fell below the week’s opening levels once again. Sterling became jittery as it was confirmed that UK Prime Minister Theresa May would hold her major Brexit speech next Tuesday. Markets fear May will confirm that she will not be seeking single...

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