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Trump comments cause a US dollar rally

With Donald Trump making his first visit to the UK as the US President his comments regarding the potential “soft Brexit” approach led to the pound falling back to a near month high against the pound. Since the beginning of…

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Pound weakens on proposed Brexit Customs Plan

Why has the Pound fallen today? Theresa May has revealed some details about the proposed new Brexit Customs Plan.  There are meetings today between the Prime Minister and Angela Merkel, but they don’t seem to be going as well as May had hoped. We’re…

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GBP Forecast – will we see a rate hike in August?

Bank of England

As forecast by my colleague Alastair rates have pushed back through the 1.14 level today following the latest Bank of England interest rate meeting. As expected, the central bank held its key base rate on hold at 0.5% but it…

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Sterling exchange rates strengthen following positive retail sales. Will it last?

Pound exchange rates have received a welcome boost this morning with strong retail sales figures, as predicted by my colleague Alastair yesterday. The week started poorly with weaker than forecast manufacturing data on Monday along with concerns surrounding Brexit pushing…

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Sterling has strong end to the week

We have seen a decent end to the week for the Sterling. GBP/EUR has pushed back into the €1.14’s, and GBP/USD is back in the $1.33’s. Despite todays gains however, when you look back at the charts for the week,…

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