USD Exchange Rates Surge Following Announcement From Trump

As trading got underway on Tuesday the Pound trended lower as concerns around Brexit left investors feeling slightly nervous. Despite this, as the day progressed, it became clear that a Brexit deal was getting closer and so, the currency rebounded. However, the Pound to US Dollar rate dropped to 1.2876 while the Euro rate also dropped to 1.0974 according to the Foreign Exchange Market. As Brexit concerns and coronavirus cases increase, the currency is likely to be met with some headwinds during trading today.

currency news

There was very little direction for the Euro on Tuesday as the European Central Bank continued to mount misery on the single currency. Concerned about the economic recovery, a warning was made that suggested that a V-shape recovery was unlikely although it could be a case that more monetary stimulus is required. This downbeat announcement wasn’t even offset by news that Germany had seen a better-than-expected increase in factory order growth during August.

Trump made a call for all stimulus talks to be halted immediately and that saw the US Dollar climb, as a market sell-off took place which meant investors took comfort in the safe-haven currency. As a result, gains were made against the Pound and the Euro.


NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when an exchange rate has be achieved to take advantage at the best time.