Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Pound to Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD

% of readers think this story is Fact. Add your two cents.


The pound to US dollar exchange rate has rallied higher this morning with rates moving towards 1.26 for the GBPUSD pair. The pound spiked higher after UK Prime Minister Boris Johnson left hospital as his coronavirus symptoms improved. With little economic data for the UK today focus will likely centre on how the government continues to respond to coronavirus developments.

It has been reported that France is to extend its lockdown period until 11th May and Britain is expected to announce a similar policy later this week. For the time being the global economic outlook remains particularly uncertain which only adds to the volatility for GBP vs USD exchange rates.

The number of confirmed Covid-19 cases his now approaching 2 million but there is some hope amongst investors that the curve is starting to flatten with the number of new infections slowing. Of course any sudden spike in numbers could change things very quickly and high volatility for GBP to USD may continue.

Those looking to buy or sell dollars would be wise to consider taking the uncertainty out of the volatile currency markets when it is almost impossible to predict the direction of travel in these very uncertain times.

Economic Data That May Impact GBPUSD Exchange Rate

This afternoon will see the release of international trade data and could prove significant for dollar exchange rates. The US China trade war was one major issue before Covid-19 so today’s figures may signal the future path for dollar exchange rates.

Meanwhile in the US, unemployment continues to soar with unemployment expected to increase to over 10%. Thursday will see the release of US continuing jobless claims which could see some market volatility on the back of it. There have been some staggeringly high figures in recent weeks highlighting how much of an impact Covid-19 is having on the US jobs market.

The International Monetary Fund (IMF) meet today for their Spring meeting albeit virtually where it is expected it will reduce its growth forecast for 2020. G20 finance ministers and central bank governors will also be meeting to discuss the impact of coronavirus and any measures that may be introduced to help economies recover going forward.

If you’d like to discuss these factors and how they could impact an upcoming currency transfer, feel free to get in touch with me, James Lovick, using the form below.


The post Pound to Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD appeared first on Pound Sterling Forecast.



Source: https://www.poundsterlingforecast.com/2020/04/pound-to-dollar-exchange-rate-gbp-finds-support-over-1-25-against-usd/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.