Latest Articles by Frank Davies

A strong resurgence in US advance retail sales kept the Pound Sterling to US Dollar exchange rate on a weaker footing ahead of the Easter weekend. As sales surged 1.6% on the month in March investors were encouraged to buy back into the US Dollar, with higher levels of consumer spending pointing towards greater economic confidence. The...

Brexit Deadline Extension Fails to Boost Pound Sterling US Dollar (GBP/USD) Exchange Rate The decision to extend the Brexit deadline until the end of October failed to shore up the Pound Sterling to US Dollar (GBP/USD) exchange rate on Thursday. Although the UK is no longer at risk of crashing out of the EU without a deal on Friday...

The Pound to Dollar exchange rate found some support after Theresa May submitted a request to extend the Brexit deadline until the end of June 2019. With European Council President Donald Tusk encouraging leaders to approve a so-called flexible extension to the Brexit deadline the odds of a no-deal Brexit appeared to ease. Although it...

The Canadian Dollar has had broadly mixed movement in recent weeks, and as a result the British Pound to Canadian Dollar exchange rate has been especially volatile. Brexit uncertainty causes sharp movements, but as market demand for the Canadian Dollar is currently improving the pair may be in for losses unless upcoming Brexit news...

Lack of Brexit Progress Keeps Pound Sterling US Dollar (GBP/USD) Exchange Rate Under Pressure Parliament’s continued failure to break the Brexit deadlock saw the Pound Sterling to US Dollar (GBP/USD) exchange rate shed further ground on Tuesday. As MPs failed to put sufficient support behind any of the proposed alternatives to Theresa...

Fresh Brexit Rejection Drives Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Losses As MPs voted down Theresa May’s proposed withdrawal agreement once again this left the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate on a weaker footing. With the UK now on course to crash out of the EU without a deal in...

Despite plummeting emerging market currencies this week, the British Pound to South African Rand (GBP/ZAR) exchange rate’s gains have been limited over the last session as the Pound has also been bearish among forex investors. With both currencies highly unappealing, markets are now anticipating more major developments. Since opening...

Narrowed US Trade Deficit Dents Pound Sterling US Dollar (GBP/USD) Exchange Rate A better-than-expected narrowing of January’s US trade deficit put the Pound Sterling to US Dollar (GBP/USD) exchange rate under fresh pressure on Wednesday. Although forecasts had pointed towards a narrowed deficit investors were still encouraged by news...

Despite signs of continued weakness in Eurozone manufacturing, economic sentiment in Germany is reportedly beginning to improve and this made it more difficult for a weaker British Pound to Euro (GBP/EUR) exchange rate to hold its ground this morning. Fresh concerns about the stability of UK politics caused the Pound to fall versus most major...

Pound Sterling Euro (GBP/EUR) Exchange Rate Slumps as Third Meaningful Vote Ruled Out As the House of Commons Speaker ruled out the prospect of a third meaningful vote unless the Brexit deal sees a ‘substantial change’ the Pound Sterling to Euro (GBP/EUR) exchange rate slumped. Investors were caught off guard by the move, having...