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

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

17 Jan 2024 at 8 AM - Written by John Cameron

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

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...

CATEGORIES: Pound Sterling Forecasts

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

7 Dec 2023 at 9 AM - Written by John Cameron

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

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

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

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

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

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

Pound Sterling loses out to Australian and New Zealand Dollars as Global Risk Appetite Surges

16 Nov 2023 at 8 AM - Written by Toni Johnson

STORY LINK Pound Sterling loses out to Australian and New Zealand Dollars as Global Risk Appetite Surges

The Australian and New Zealand dollars both benefitted from a surge in risk appetite following the benign US inflation data and the Australian dollar also drew support from the latest wages data. Chinese data releases also triggered an element of optimism surrounding the economic outlook which also underpinned the Australian and New...

CATEGORIES: Pound Australian Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts

Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

6 Nov 2023 at 6 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

The Pound Canadian Dollar (GBP/CAD) exchange rate posted a 3-week high just above 1.6955 on Monday as overall risk appetite held firm. GBP/CAD surged on Friday as a jump in the Pound was amplified by a weaker Canadian currency following the latest domestic jobs data and extended gains on Monday. Both currencies gained support from...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Forecast: 1.16 vs US Dollar in Next 12 Months says This Bank

25 Oct 2023 at 6 AM - Written by Ben Hughes

STORY LINK Pound Sterling Forecast: 1.16 vs US Dollar in Next 12 Months says This Bank

The Pound to Dollar (GBP/USD) exchange rate posted 10-day highs close to 1.2290 in early Europe on Tuesday, but the constructive tone quickly turned ugly with a sharp reversal. Disappointing UK data undermined the Pound, especially with wider concerns over the European outlook. The US data reinforced expectations of US...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Sterling Pushed Lower, Pound to Dollar Rate Trades Below 1.2150

17 Oct 2023 at 9 PM - Written by Toni Johnson

STORY LINK Sterling Pushed Lower, Pound to Dollar Rate Trades Below 1.2150

Transatlantic Economic Data Releases Push the Pound Lower, GBP/USD Exchange Rate Trades Below 1.2150 The combination of slightly weaker-than-expected UK wages data and a firm US retail sales release pushed the Pound to Dollar (GBP/USD) exchange rate below the 1.2150 level and a weak UK inflation release could drive further losses towards...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

16 Oct 2023 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

The Pound to Dollar (GBP/USD) exchange rate came under further pressure on Friday under the influence of a stronger dollar and weaker risk appetite. With position adjustment ahead of the weekend, GBP/USD dipped to lows at 1.2125 before stabilising. The Pound to Euro (GBP/EUR) exchange rate retreated to lows at 1.1540 and after a brief...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Euro Forecast: Scope to Rise to 1.1765 say ANZ

12 Oct 2023 at 12 PM - Written by John Cameron

STORY LINK Pound to Euro Forecast: Scope to Rise to 1.1765 say ANZ

Foreign exchange strategists at ANZ maintain a positive stance on the Pound to Euro (GBP/EUR) exchange rate, primarily due to expectations that the Euro-Zone will underperform the UK with heightened recession risks. It sees scope for GBP/EUR to strengthen to 1.1765. In contrast, MUFG expects that GBP/EUR will weaken to 1.1235 on a...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts

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