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A round up of the latest Pound Sterling forecast news items from the Currency News desk.

Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

21 Mar 2024 at 4 PM - Written by John Cameron

The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged. The Pound to Euro exchange rate (GBP/EUR) slipped 0.29% to trade at 1.16667. The Pound to Dollar exchange rate (GBP/USD) plunged near 1% to trend at around 1.2671. However, the two remain...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

19 Mar 2024 at 9 AM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Pound Sterling Falls Against Euro and Dollar on Signs UK Jobs Market Cooling

12 Mar 2024 at 9 AM - Written by James Fuller

Important data came early in Tuesday’s session as the UK Jobs Report was released ahead of the LSE open. This contributed to a large gap higher in the FTSE which opened around 0.85% higher near the 2024 peak of 7748 while the Pound dropped moderately, allowing EUGBP to make further small gains towards 0.855. UK Jobs Report Hot on...

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Pound Sterling and Euro Both Struggle - Foreign Exchange News

5 Feb 2024 at 7 PM - Written by John Cameron

Foreign exchange update: The Pound to Euro exchange rate (GBPEUR) found support below the 1.1700 level in Asia on Monday and strengthened to near 1.1720 after the European open. Markets overall are more confident over the UK economic outlook and Euro-Zone investor confidence improved in February, but the Pound and Euro have both lost...

CATEGORIES: Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Bank of England Outlook Today: Rates on Hold, Forward Guidance Crucial for Pound Sterling

1 Feb 2024 at 8 AM - Written by Tim Boyer

The Bank of England (BoE) Monetary Policy Committee (MPC) will announce the latest interest rate decision on Thursday February 1st. There are very strong expectations that interest rates will be held at 5.25% at the meeting. It will be a major surprise if there is a decision to raise or lower interest rates. The rate split and...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Jump on Upside Inflation Surprise Tempered

18 Jan 2024 at 7 AM - Written by John Cameron

The Pound jumped after the stronger-than-expected UK inflation data with fresh doubts whether a Bank of England (BoE) interest rate cut by May is realistic. The shift in expectations underpinned the Pound, although the impact was offset to some extent by a further retreat in risk appetite as the UK FTSE 100 index posted a 6-week...

CATEGORIES: Pound Sterling Forecasts

Pound to Dollar Outlook: Possible Recovery to 1.275-1.28 say These Analysts

17 Jan 2024 at 8 AM - Written by John Cameron

Wage Growth Moderation and Weaker Equities Undermine the Pound, GBP/USD Exchange Rate Sinks to 10-Day Lows Pound Sterling (GBP) exchange rates lost ground in global currency markets due to a stronger dollar, weaker equities and a further slowdown in wages growth. Overall risk appetite remains more fragile amid on-going concerns...

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Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

7 Dec 2023 at 9 AM - Written by John Cameron

US Dollar Resilient Despite Weak US Jobs Growth, GBP/USD Exchange Rate Held Close to 10-Day Lows The latest US data continued to point to a slowdown in the labour market and bond yields declined. The Pound, however, was unable to make headway, especially with weak UK data and Bank of England concerns over UK credit dynamics. The...

CATEGORIES: Currency Predictions Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Fails to Hold Euro, Dollar Gains After Autumn Statement

22 Nov 2023 at 5 PM - Written by Ben Hughes

GBP/USD Exchange Rate Slides on Dollar Revival and UK Growth Forecast Disappointment The pound-to-dollar (GBP/USD) exchange rate peaked at 1.2550 ahead of the Autumn Statement, but failed to hold the gains. Weak UK growth forecasts undermined the Pound while stronger than expected US data helped trigger a further dollar recovery...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Canadian Dollar Weekly Forecast: Bank of England Pushes Back Against Interest Rate Cuts

22 Nov 2023 at 8 AM - Written by John Cameron

Hawkish comments from Bank of England officials and expectations of tax cuts have boosted the Pound on Tuesday. The Canadian inflation data had a measured impact, but reinforced expectations that the Bank of Canada would leave rates on hold at the December meeting. The Pound to Canadian dollar (GBP/CAD) inflation rate secured a...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts