Pound Dollar forecast page 22 - GBP USD

GBP/USD Exchange Rate Stumbles as Investors Brace for Central Bank Hikes The Pound to US Dollar (GBP/USD) exchange rate fell on Monday morning as risk appetite receded ahead of a busy week for central banks. At time of writing the GBP/USD exchange rate traded at around $ 1.1549, down roughly 0.5% from Monday’s opening levels. US...

Pound US Dollar (GBP/USD) Exchange Rate Narrows as Investors Readjust BoE Hike Bets The Pound (GBP) saw muted trade against the US Dollar (USD) on Friday, as investors readjusted their expectations towards the Bank of England’s upcoming interest rate decision. As such, GBP/USD traded at around US$1.1583 at the time of writing,...

GBP/USD Exchange Rate Volatile as PM Leadership Race Begins The Pound to US Dollar (GBP/USD) exchange rate traded in a wide range on Friday amid fresh concerns over UK politics. At time of writing the GBP/USD exchange rate traded at around $1.1206, roughly the same as Friday’s opening levels, having slumped to $1.1057 before bouncing...

Pound (GBP) Recovered as PM Liz Truss Resigns The Pound (GBP) failed to muster much support on Thursday in the wake of a turbulent day in Westminster on Wednesday. Home Secretary Suella Braverman followed Kwasi Kwarteng in leaving Liz Truss’ cabinet after just 43 days in office. Braverman was forced to resign and in her resignation...

Pound (GBP) Recovered Modestly on Tax Measure Reversals The Pound (GBP) remained buoyant after Chancellor Jeremy Hunt’s scrapping of most of the unfunded tax cuts in the mini-budget. Hunt replaced Kwasi Kwarteng as Chancellor on Friday, resulting in Kwarteng now the second shortest-lived Chancellor, having only held the position for 36...

GBP/USD Exchange Rate Firms as GBP Investors Latch on to Government Discussions The Pound to US Dollar (GBP/USD) exchange rate was strengthening on Thursday as it came to light that ‘active’ discussions were being had about scrapping parts of the UK mini-budget. At time of writing the GBP/USD exchange rate traded at around...

Pound (GBP) Subdued amid Truss’ Government Reset The Pound (GBP) is struggling for demand today as Prime Minster Liz Truss attempts to repair an increasingly fractious government. With political uncertainty back on the table after a tumultuous campaign trail, Truss is hoping to implement a reset amid flagging support. Investors have...

GBP/USD Exchange Rate Plummets amid UK Credit Rating Concerns The Pound to US Dollar (GBP/USD) exchange rate was fell off a cliff on Thursday as the UK was threatened with a credit rating downgrade. At time of writing the GBP/USD exchange rate traded at around $1.1245, roughly down 1% from Thursday’s opening levels. Pound (GBP)...

GBP/USD Exchange Rate Finds Fleeting Gains as Kwarteng Accelerates Fiscal Forecast Timeline The Pound to US Dollar (GBP/USD) exchange rate briefly struck a near two-week high on Tuesday as Chancellor Kwasi Kwarteng announced plans to bring forward his debt cutting plans. At time of writing the GBP/USD exchange rate traded at around $...

Pound (GBP) Boosted as Government Abandons Controversial Tax Cut Plans The Pound (GBP) recovered modestly on Monday as Prime Minister Liz Truss announced a dramatic U-turn on top-rate tax cut. In the wake of criticism and a market meltdown, the UK government have decided to go back on their plan to slash the 45p top rate of income tax....