Pound Dollar Exchange Rate News

While the Pound struggled to mount much of a recovery against other major currencies this week, the Pound to US Dollar (GBP/USD) exchange rate has been gradually advancing. The Pound is benefitting from weakness in the US Dollar. Last week saw GBP/USD tumble from the level of 1.3830 down to 1.3705, as the Pound was sold in a bout of profit-taking. After touching near a monthly low at the beginning of this week, GBP/USD has been trending with an upside bias again. The Pound is taking advantage of the US Dollar’s weakness despite...

The past week has seen both the Pound and US Dollar sold from their best levels, but the British Pound to US Dollar (GBP/USD) exchange rate is tumbling as the Pound was hit particularly hard by a shift in market appetite. Both currencies have seen strong movement in recent weeks, leading to GBP/USD volatility. Last week, GBP/USD dipped before ultimately advancing from the level of 1.3790 to 1.3830. This week’s movement has been even more volatile. GBP/USD touched on a fortnight best of 1.3918 earlier in the week, before tumbling...

The British Pound to US Dollar (GBP/USD) exchange rate has been tumbling this week, as investors seeking safer assets buy the US Dollar against a weaker Pound. While the pair flounders near lows, markets await tomorrow’s key UK and US data. Since GBP/USD opened this week at the level of 1.3869, the pair has been trending with a bearish bias. GBP/USD touched on a low of 1.3673 this morning, the pair’s worst level since the beginning of February over a month and a half ago. At the time of writing, Sterling is steadying slightly....

After trending lower for half of the week, the British Pound to US Dollar (GBP/USD) exchange rate has been attempting to climb since last night’s Federal Reserve decision. However, today’s Bank of England (BoE) decision did little to bolster Sterling higher. Since opening this week at the level of 1.3921, GBP/USD has seen mixed movement. GBP/USD neared March lows earlier in the week, before rebounding last night and nearing March highs today. Before the Bank of England policy decision, GBP/USD touched just below the key level...

The British Pound to US Dollar (GBP/USD) exchange rate continues to go from strength to strength, despite some strong US data today. Optimism around Britain’s potential for recovery from the coronavirus pandemic continues to dominate the pair. At the beginning of the week, GBP/USD trended in the region of 1.3843 but spent the week trending higher. A dip to near the week’s opening levels near the end of the week was short lived. Instead, GBP/USD was trending near a 33 month high of 1.4032 before markets closed for the week....

The Pound rally has been gathering steam while risk aversion and US economic concerns weigh on the US Dollar, making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to trend near its best levels in years. Since opening this week at the level of 1.3585, GBP/USD has been trending higher save for a brief dip near the beginning of the week. Last night, GBP/USD touched on a high of 1.3742. This was the best level for the pair in over two and a half years, since the first half of 2018. At the time of writing on...

Amid the tail-end of a chaotic week for global markets, the British Pound to US Dollar (GBP/USD) exchange rate has steadied. Investors continue to digest the events of the past few days, but the US Dollar may strengthen if upcoming data impresses. After opening this week at the level of 1.3676, GBP/USD briefly edged higher and touched on a high of 1.3697. This was the best level for GBP/USD in two and a half years, since mid-2018. Since then the pair has been trending with a downside bias. GBP/USD has been floundering within a...

Both the Pound and US Dollar weakened today, ending the week with a jittery note for the British Pound to US Dollar (GBP/USD) exchange rate. Investors may be more likely to buy the pair in the coming weeks though as UK and US political uncertainties clear up. Since opening this week at the level of 1.2915, GBP/USD has been trending with an upside bias. After a surge in demand earlier in the first half of the week, GBP/USD touched on a high of 1.3169. This was the best level for GBP/USD in a month and a half, since the beginning of...

Both the Pound and US Dollar weakened today, leaving the British Pound to US Dollar (GBP/USD) exchange rate jittery in anticipation of tonight’s US Presidential Debate. Following last week’s tumble from the level of 1.2918 to 1.2742, GBP/USD has been trending with an upside bias this week so far. Though GBP/USD’s advances have slowed, the pair has been able to sustain most of yesterday’s gains. At the time of writing on Tuesday, GBP/USD trends near the level of 1.2842. This means it has recovered over half of last week’s...

The Pound to US Dollar (GBP/USD) exchange rate fell by over -1% after the US Federal Reserve launched an ‘unlimited’ quantitative easing program to boost the US economy. The pairing is currently fluctuating around $1.146. Chris Rupkey, the Chief Financial Economist at MUFG Union Bank, commented: “Fed policy is shifting into a higher gear to try to help support the economy which looks like it is in freefall at the moment.” “The central bank is shifting from being not just the lender of last resort, but now it is the buyer...