Latest Articles by Ben Hughes

While market demand for the US Dollar was a little stronger since last night’s Federal Reserve meeting minutes report, the British Pound to US Dollar (GBP/USD) exchange rate held near its best levels today. The Pound found support from fresh Brexit speculation and some stronger than expected UK data. Since opening this week at the level...

Despite a lack of supportive UK data or major Brexit developments, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to advance this week. While some Brexit speculation has supported Sterling, the primary reason for GBP/ZAR gains has been market risk-aversion causing broad late-week weakness in the South African...

Investors sold the Pound when markets opened for the week, amid fresh uncertainty over how the Brexit process would look by the end of the week. The British Pound to New Zealand Dollar (GBP/NZD) exchange rate slipped on Monday as a result, but could still climb later in the week if there are optimistic Brexit developments tomorrow. Despite...

Speculation of a Brexit delay, as well as lasting weakness in the US Dollar, prompted investors to buy the British Pound to US Dollar (GBP/USD) exchange rate yesterday. However, the pair’s gains were limited, and investors quickly sold the pair again on Tuesday as a key UK Parliament vote over the Brexit process approached. The US Dollar...

Higher demand for riskier currencies, including emerging market currencies like the South African Rand, left the British Pound to South African Rand (GBP/ZAR) exchange rate sliding for most of last week. A report claiming that Brexit could be delayed helped the pair to recover slightly before markets closed for the week, however. After...

Despite Sterling sliding against many major currencies on Friday morning, the British Pound to South African Rand (GBP/ZAR) exchange rate rebounded. Investors sold risky emerging market currencies like the South African Rand amid concerns about slowing global growth, as well as expectations for a Federal Reserve interest rate hike next...

Despite Wednesday evening’s news that UK Prime Minister Theresa May had successfully seen off a no confidence vote from her Conservative Party, the British Pound to US Dollar (GBP/USD) exchange rate struggled to recover much further on Thursday. Instead, the US Dollar was supported slightly by the latest US data. Since opening this week...

The Pound Sterling (GBP) outlook could change significantly over the next few weeks – with one of the most pivotal Brexit developments events set for next week. As a result, investors are hesitant to keep buying the British Pound to Euro (GBP/EUR) exchange rate and the pair shed most of its Wednesday recovery attempt overnight. Since...

Due to a combination of political turmoil in Britain, as well as some solid US data, the British Pound to US Dollar (GBP/USD) exchange rate plummeted on Thursday. Friday saw the pair rebound just slightly as markets cooled – but many analysts believe that this may be just the beginning of the Pound’s late-year political woes. After...

Despite attempts from the UK Treasury to be optimistic during Britain’s Autumn Budget, the British Pound to US Dollar (GBP/USD) exchange rate tumbled again today. This was due to broad Brexit fears, as well as strong US data and some lingering market demand for safe haven currencies. Could GBP/USD be on track for another week of losses?...