Pound Dollar forecast - GBP USD

The Pound to Dollar (GBP/USD) exchange rate dipped further to 5-month lows just above 1.2400 on Tuesday before a recovery to 1.2470 after the latest UK data. Expectations of near-term Federal Reserve interest rates have continued to fade with the potential for a June cut close to being ruled out while the chances of a July cut are now...

Pound Volatility to Remain Elevated, GBP/USD Attempts to Recover from 4-Month Lows The Pound to Dollar exchange rate (GBP/USD)came under sustained pressure on Friday with a slide below 1.1500 and 4-month lows just above 1.2425. The dollar continued to see strong buying following the shift in Federal Reserve expectations. GBP/USD...

Investment banks overall have tended to downgrade their Pound to Dollar exchange rate forecasts (GBP/USD). Credit Agricole and RBC Capital Markets were already forecasting 1.25 and 1.24 respectively for the end of 2024. ING has now dropped its forecast of GBP/USD gains to 1.30 or higher this year and is backing 1.25. The decisive...

The US inflation data dominated markets on Wednesday. The dollar edged lower into the latest consumer prices release amid hopes for a moderation in inflation, but there was a sharp and substantial reversal as the data again came in above market expectations. Equity markets also reversed sharply with the FTSE 100 index, for example,...

The Pound to Dollar (GBP/USD) exchange rate has edged higher to near 1.2685 on Tuesday as the dollar has lost ground against European currencies. US yields have continued to move in favour of the dollar over the past 24 hours, but the US currency has failed to benefit and Scotiabank sees scope for further GBP/USD gains if there is a...

Given concerns that US inflation data will again rattle markets this week, GBP/USD may struggle to hold above the 1.2600 level. The Dollar posted strong gains in an initial reaction to the US jobs data, but failed to hold the gains. In this context, the Pound to Dollar (GBP/USD) exchange rate found support around 1.2575 and rallied...

Foreign exchange strategists at Nordea expect that the Pound to Dollar exchange rate (GBP/USD) will secure a limited advance to 1.29 at the end of 2024. MUFG and NatWest have similar forecasts of 1.30, but Danske Bank’s most recent update continued to forecast 1.18 at the end of 2024. Despite fluctuations during the week amid...

The Pound to Dollar exchange rate (GBP/USD)was unable to make any headway into the New York open, but received a significant boost after weaker-than-expected US business confidence data and strengthened to test the 1.2600 level. Scotiabank noted the lack of progress earlier but added; “A move back above 1.2600 should see spot gains...

Bank of America analysts notes positive calendar effects for the Pound Sterling in April It added; “Supported by favorable carry trades and a benign risk environment, GBP is poised for strength in April, benefiting from seasonal trends. It sees scope for GBP/USD to strengthen to 1.30 in April. ING has a year-end GBP/USD forecast...

The Pound to Dollar (GBP/USD) exchange rate was unable to challenge 1.2650 on Wednesday and retreated to test the 1.2600 level on Thursday. Inflation concerns have been a key focus on both sides of the Atlantic with hawkish Fed rhetoric supporting the dollar. GBP/USD will need to hold 1.2600 to maintain hopes that it can build on...