Pound US dollar exchange rate: GBP/USD spikes over 2 cents on Brexit no-deal mania

This morning, the pound rose against the US dollar before slipping slightly, and the pairing is currently trading at around $ 1.327. This comes after GBP/USD spiked over 2¢ last night following the parliamentary Brexit vote on no-deal. Yesterday evening the House of Commons voted to reject a no-deal under any circumstances by a margin of 43. Daily Express :: Finance Feed

Read More

Pound US dollar exchange rate: GBP/USD slides despite UK GDP smashing expectations

This morning, the pound has slipped against the dollar, and the pairing is currently trading at around $ 1.319. January’s UK GDP expanded to a higher-than-forecast 0.5 percent after December’s contraction of -0.4 percent, easily beating a consensus of expectations that it would only manage a 0.2 percent rise. Daily Express :: Finance Feed

Read More

Pound US dollar exchange rate: GBP/USD steadies as Trump investigation ‘crumbles’

This morning the pound held steady against the US dollar, and is currently trading around $ 1.314. GBP/USD steadied after President Donald Trump came under increasing pressure from investigators from multiple congressional committees and state prosecutors, with Democrats pushing harder than ever for impeachment. Daily Express :: Finance Feed

Read More

Pound US dollar exchange rate: GBP/USD rises as UK services PMI beats expectations

This morning the pound is up against the US dollar, and the pairing is currently trading at around $ 1.317. The UK services PMI showed that while business activity in the sector picked up in February, employment fell at its fastest pace since November 2011. Daily Express :: Finance Feed

Read More

Pound US dollar exchange rate: GBP/USD rises on backstop fudge ‘satire’

The pound US dollar exchange rate edged higher to over 0.3 percent today and is currently trading around $ 1.323. GBP/USD gained today following news that the UK Attorney General, Geoffrey Cox, had effectively shelved the idea of a hard time-limit on the Irish backstop. Mr Cox has instead proposed an ‘arbitration mechanism’ that enables the UK and the EU to formalise a notice on ending the backstop. Daily Express :: Finance Feed

Read More

Pound US Dollar exchange rate: GBP/USD slips despite stoic and stable consumer confidence

This morning, the GBP/USD exchange rate has slipped as the pound pulled back from its recent highs on Wednesday and is currently trading at around $ 1.330. The Gfk Consumer Confidence survey showed that confidence edged higher than expected in February. Daily Express :: Finance Feed

Read More