Economy

GBP/USD is currently trying to settle above the 20 EMA at 1.3830 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index has managed to settle below the support at the 93 levels and is moving lower. The next support level for the U.S. Dollar Index is located at 92.70. If the U.S. Dollar Index gets to the test of this level, GBP/USD … [Read more...] about British Pound Defeats USD in Holiday Trade

The US could soon impose tariffs on UK imports in retaliation for a UK tax on US companies operating in Britain, raising fears the move would represent the first shots in a trade war between the two nations. Report this week revealed that the U.S. would consider levying tariffs worth £235MN on UK imports in response to any taxes levied by the UK on U.S.-based technology … [Read more...] about US and UK Trade War Appears to be Unlikely

According to new forecasts from Rabobank, the Pound-to-Euro exchange rate reached one-year highs this week, which it's likely to remain in the months ahead. Sterling has proven more resilient against a recovering Dollar than its European counterpart and many other peers in recent weeks. This enabled the Pound-to-Euro as well as other Sterling exchange rates to rise, which … [Read more...] about UK Pound and Euro Forecast Raised at Rabobank but Uncertain Conditions Ahead

The New Zealand Dollar has stabilized against many peers this week. Still, recent policy changes in Wellington have dealt a lingering blow to the Kiwi appetite and helped the Pound-to-New Zealand Dollar rate break up into a higher trading range spanning the distance between 1.96 and 2.00. NZD's Lethargy Helps Lift GBP/NZD The Kiwi has risen against most majors this week in a … [Read more...] about New Zealand Dollar’s Breakdown Opens Higher Range for UK Pound

The European Central Bank (ECB) is increasingly likely to cut interest rates shortly, says a major European lender and investment bank, a move that would only widen the gulf on interest rate policy with the Federal Reserve and pressuring the Euro lower against the Dollar in the process. "An ECB rate cut has become more likely," says Nick Kounis, Head of Financial Markets … [Read more...] about UK Pound and US Dollar Rate Forecast Towards 1.13 by ABN AMRO