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

Pound Sterling Today: Global Narrative Continues to Support GBP Exchange Rates

1 Oct 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Today: Global Narrative Continues to Support GBP Exchange Rates

The Pound to Euro (GBP/EUR) exchange rate has stabilised just below the 1.2000 level amid firm Pound sentiment and Euro-Zone difficulties. ING still sees scope for a near-term GBP/EUR move to 1.2050, but remains wary over the medium-term outlook. It noted; “We remain somewhat concerned that the pound will soon face a correction as...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling in the Eye of the Storm

27 Sep 2024 at 11 AM - Written by John Cameron

STORY LINK Pound Sterling in the Eye of the Storm

While the South-East US braced for Hurricane Helene, currency market volatility eased slightly on Thursday with a possible consolidation phase as markets waited for the next major market-moving events. The latest data suggested a soft landing was realistic while gains in US equities helped support risk appetite. The Pound to Dollar...

CATEGORIES: Pound Sterling Forecasts

Pound Euro Exchange Rate Rises amid BoE-ECB Policy Divergence

27 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Rises amid BoE-ECB Policy Divergence

The Pound Euro (GBP/EUR) exchange rate saw a slight rise early in Thursday's session, bolstered by the expected policy divergence between the Bank of England (BoE) and the European Central Bank (ECB), along with a risk-on market mood. At the time of writing, GBP/EUR was trading at €1.1985, marking a 0.2% increase for the day. The...

CATEGORIES: Euro Forecasts Pound Sterling Forecasts

BoE Holds, Buyers See Best Pound to Dollar Rate in 30 Months

22 Sep 2024 at 1 PM - Written by Frank Davies

STORY LINK BoE Holds, Buyers See Best Pound to Dollar Rate in 30 Months

The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.00% following the latest policy meeting. Although the decision was in line with consensus forecasts, the Pound posted strong gains on a relatively hawkish stamen and especially with traders also focussed on the aggressive 50 basis-point rate cut...

CATEGORIES: Pound Sterling Forecasts

Transatlantic Interest Rate Debate Dominates Pound Sterling

9 Sep 2024 at 5 PM - Written by David Woodsmith

STORY LINK Transatlantic Interest Rate Debate Dominates Pound Sterling

The dollar has recovered ground with the Pound to Dollar (GBP/USD) exchange rate below 1.3100 and close to 2-week lows. Following the key US jobs data and Federal Reserve comments, sentiment has shifted towards a smaller 25 basis-point US interest rate cut at next week’s policy meeting. This shift has supported the dollar with...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Today: GBP/EUR Recovers from Weekly Lows

5 Sep 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Today: GBP/EUR Recovers from Weekly Lows

The Pound has been hampered by weaker global risk conditions amid a sharp dip in equity markets, although the currency overall has been broadly resilient. The Pound to Euro (GBP/EUR) exchange rate found support at 1-week lows below 1.1860 and secured a tentative recovery to 1.1870. Risk conditions will remain important for the Pound...

CATEGORIES: Pound Sterling Forecasts

Pound to Euro Rate Surrenders 1-Week Highs as Sterling Dips

15 Aug 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Surrenders 1-Week Highs as Sterling Dips

After a strong performance on Tuesday, the Pound lost ground after the latest UK inflation data with the slightly lower than expected print increasing expectations of a further near-term Bank of England (BoE) interest rate cut. The Pound to Euro (GBP/EUR) exchange rate dipped to near 1.1670 from 1.1700 and after hitting 1-week highs at...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Rallies Against Euro Dollar by Surprise UK Unemployment Decline

13 Aug 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Rallies Against Euro Dollar by Surprise UK Unemployment Decline

The Pound posted significant gains after the latest UK labour-market data with the Pound to Dollar (GBP/USD) exchange rate hitting 1-week highs just above 1.2800. US and UK inflation data over the next day will be crucial for US interest rate expectations, risk appetite and the Pound. The UK unemployment rate declined to 4.2% in the...

CATEGORIES: Pound Sterling Forecasts

Hot Money Flows Increases Pound Correction Risk

25 Jul 2024 at 9 AM - Written by David Woodsmith

STORY LINK Hot Money Flows Increases Pound Correction Risk

The Pound to Euro (GBP/EUR) exchange rate has been held in narrow ranges with no further attack on the 1.1900 level and settled little changed around 1.1875. There are growing concerns that global speculators have piled into the UK currency which will leave the currency vulnerable to a sharp correction if the hot money flows out again....

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Climbs vs Euro, Dollar Despite Trump Assassination Attempt

16 Jul 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Climbs vs Euro, Dollar Despite Trump Assassination Attempt

The Pound has maintained a robust tone in global markets with the Pound to Dollar (GBP/USD) exchange rate hitting 11-month highs just below the crucial 1.3000 level. US politics and UK inflation data will be very important elements this week. There has been no major reaction to the assassination attempt on former President Trump...

CATEGORIES: Pound Sterling Forecasts

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