Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

Which factors are currently influencing the Pound to US Dollar exchange rate?

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

The pound to US dollar exchange rate is currently trading back below the 1.27 level after finishing the week above this benchmark, and in my opinion there appears to be little support for the currency at the 1.27 level.

Pound finishes week up against the US dollar

Last week it was the first time in a month that the pound finished the week up positively against the US dollar in a month, after a strong period for the US dollar corresponded with a terrible month for sterling after the pound lost over 3% against most major currency pairs due to the breakdown in cross party Brexit talks and the resignation of UK Prime Minister Theresa May.

Conservative leadership contest main driver for cable rates

Moving forward I believe the main driver of sterling value will be determined by the Conservative leadership contest, as now that May has officially stepped down the contest is likely to heat up as we’ve seen over the past weekend with a number of revelations regarding the potential candidates hitting the headlines over the weekend. I think that sterling could be influenced based on whether the frontrunners for the role are considered to be pro-Brexit or not, and also their attitude to the UK leaving the EU without a deal in place.

Ongoing trade wars affecting the US dollar

In regards to the US dollar it’s likely that the ongoing trade war talks between the US and China, as well as Mexico, will continue to be the main drivers of value. There is also the change in attitude from the Fed Reserve Bank regarding the US interest rates and monetary policy and I think that a cooling off from the Fed could result in a weaker US dollar. The current rate of cable (GBP/USD) is close to its annual low, making the exchanging of US dollars into Pound’s a very attractive pairing.

If you would like to be alerted to any major market movements due to the aforementioned reasons, do feel free to register your interest with me.

The post Which factors are currently influencing the Pound to US Dollar exchange rate? appeared first on Pound Sterling Forecast.

Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at
Get our Free Ebook, "Suppressed Health Secrets" THEY don't want you to know!

APeX - Far superior to colloidal silver!  Desroys Viruses, Bacteria, Pathogens!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy.
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup!
B-12 - Supports healthy metabolism, brain function, hormone balance!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Never Wax Your Car Again -
Protects vehicles for years with dazzling shine!
Smart Meter Cover - Reduces Smart Meter radiation! See Video!
Prodovite - The Secret To Healing is in the Blood!

Tactical Laser Blinds
Bring Batteries Back
New Laser Blinds Attackers Instantly! Bring Dead Batteries Back to life!
US Faces 100 Year Drought
Cut Power Bills by 65%
NASA - US Faces 100 Year Drought! Discovery Can Cut Power Bills by 65%
Report abuse


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




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.