Pound Dollar forecast page 37 - GBP USD

GBP/USD Exchange Rate Falls as US Elections in Focus The Pound to US Dollar (GBP/USD) exchange rate fell by 0.8% today, with uncertainty over the result of US general election remaining in balance, with Democrat presidential candidate Joe Biden currently leading at 238 to 213. Consequently, safe-haven demand for the ‘Greenback’...

GBP/USD Exchange Rate Rises as Hopes of US Biden Victory Steadies Risk Sentiment The Pound to US Dollar (GBP/USD) exchange rate rose by 0.9% today, with the pairing currently trading around $1.304. Sterling rose against the US Dollar (USD) today as the US faces the hotly debated 2020 presidential elections. As a result, investors are...

Intensifying uncertainty over the coronavirus pandemic and the US 2020 Presidential Election are keeping the British Pound to US Dollar (GBP/USD) exchange rate under pressure today. However, with major developments almost a certainty this week, the pair may be in for huge volatility in the coming sessions as global markets turn attentions...

GBP/USD Exchange Rate Sinks as Safe-Haven Demand Soars The Pound to US Dollar (GBP/USD) exchange rate fell by -0.4% today, with the pairing currently trading around $1.294. The US Dollar (USD) has continued to rise today with investors flocking to the safe-haven ‘Greenback’ as Covid-19 cases rise worldwide, prompting a board market...

GBP/USD Exchange Rate Edges Higher Despite Grim Outlook for British Retail Sector The Pound to US Dollar (GBP/USD) exchange rate rose by 0.2% today, with the pairing currently trading around $1.304. Sterling edged higher against the US Dollar (USD) following news that Spain and Gibraltar are seeking a last-minute Brexit deal. This...

Pound US Dollar (GBP/USD) Exchange Rate Stumbles After Underwhelming UK Services PMI The Pound to US Dollar (GBP/USD) exchange rate came under renewed pressure as October’s flash UK services PMI proved weaker than forecast. As the headline index dipped from 56.1 to 52.3 on the month this indicated that the sector has struggled to hold...

A combination of UK uncertainties and higher market demand for safe havens is keeping the British Pound to US Dollar (GBP/USD) exchange rate weaker this week. Investors are avoiding the Pound amid concerns that Brexit negotiations could collapse or Britain could see worsening coronavirus restrictions. Meanwhile, the US Dollar remains...

Improved US Producer Price Index Unable to Dent Pound US Dollar Exchange Rate A better-than-expected performance from September’s US producer price index data was not enough to keep the Pound to US Dollar (GBP/USD) exchange rate from rallying. While the data pointed towards a modest uptick in inflationary pressure on both the month...

GBP/USD Exchange Rate Steady as US Political Developments Remain in Focus The Pound to US Dollar (GBP/USD) exchange rate held steady today, with the pairing currently fluctuating around $1.304. The US Dollar (USD) remains under pressure as risk-on mood persists over the possibility of a comprehensive US Covid-19 stimulus package to...

It’s already been a volatile week for the British Pound to US Dollar (GBP/USD) exchange rate, as political developments and expectations change from one minute to the next. Today, investors are once again selling the Pound on Brexit fears, after days of hopes that the chances of a Brexit deal were rising. The US Dollar has also been on...