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Pound Dollar forecast - GBP USD

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

LIVE EXCHANGE RATE 02:03:00 Pound Dollar Rate »
GBP/USD -0 Days Low Days High Last Daily
1.27188 -0.06% 1.27139 1.27279 1.27264

Pound to Dollar Week Ahead Forecast: 1.30 in Nine Months say ING

17 Mar 2024 at 10 AM - Written by David Woodsmith

Currency exchange strategists at ING see scope for the Pound to Dollar exchange rate (GBP/USD) to advance to 1.30 at the end of 2024 as the dollar loses ground. RBC Capital Markets expects a retreat to 1.24 as the Pound is unable to make any headway. Federal Reserve (Fed) and Bank of England (BoE) policy decisions will be crucial in...

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Pound to Dollar: FX Markets Continue to Fret Over US Inflation Trends

15 Mar 2024 at 11 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) edged higher to 1.2820 ahead of the New York open before drifting lower. GBP/USD retreated further to 1.2760 after the US data releases as markets continued to fret over US inflation trends. The overall market moves were still relatively limited with markets focussing on the Federal...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Near 1.28 on Mixed Sterling Sentiment

13 Mar 2024 at 10 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) found support close to 1.2750 on Tuesday and rallied to test the 1.2800 level and traded close to this level on Wednesday. The dollar was resilient while the Pound was supported by firm risk conditions with the UK FTSE 100 index looking to build on Tuesday’s 1.0% gains. A break above...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Attempts to Regain 1.2800

13 Mar 2024 at 10 AM - Written by Frank Davies

The dollar spiked higher in immediate reaction to the stronger-than-expected consumer prices data, but it failed to hold the gains. The Euro to Dollar (EUR/USD) exchange rate dipped to near 1.09 before a rebound to around 1.0940. After losses following the UK wages data, the Pound to Dollar (GBP/USD) exchange rate also slumped to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data

13 Mar 2024 at 10 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate "Dip in Cable Retains a Corrective Look" say Analysts

12 Mar 2024 at 8 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Buy the Dip

10 Mar 2024 at 2 PM - Written by David Woodsmith

Goldman Sachs expects that the Bank of England, Federal Reserve and ECB will all cut rates in June with the Pound to Dollar exchange rate (GBP/USD) strengthening to 1.35 on a 12-month view. According to HSBC the Pound will eventually lose ground; “We think that the main driver of the likely weakness for the GBP is the slow but clear...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Surges to 1.2890 Against U.S. Dollar on Increased FED Hike Bets

9 Mar 2024 at 7 AM - Written by John Cameron

Markets More Confident over June Fed Rate Cut After US Jobs Data, GBP/USD Surges to 7-Month Highs The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was less tight. The dollar moved lower and the Pound to Dollar (GBP/USD) exchange rate surged to...

CATEGORIES: Pound Dollar Forecasts

Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

8 Mar 2024 at 9 PM - Written by David Woodsmith

The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was cooling. The data also reinforced expectations that the Federal Reserve would be in a position to cut interest rates in the first half of 2024. Market expectations of a June cut increased to near...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar End of Week Forecast: Fresh One-month High Above 1.2760

8 Mar 2024 at 11 AM - Written by John Cameron

GBP/USD Edges Higher to Fresh 1-Month Highs, UK Growth Concerns Cap Gains The dollar has continued to lose ground on Thursday, driven to an important extent by a further decline in bond yields. The move was led by USD/JPY and, although the Pound has moved higher, it has underperformed other risk-orientated currencies with UK growth...

CATEGORIES: Pound Dollar Forecasts