Pound Dollar forecast page 6 - GBP USD

BoE Mirrors Fed Reluctance to Endorse Interest Rate Cuts, GBP/USD Rallies to 1.2700 The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% at the latest policy meeting which was in line with consensus forecasts. The BoE and Federal Reserve have rejected market pricing for interest rates and relatively...

Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open. Markets were monitoring event risk closely with two central bank positions over the next 24 hours. According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; "Markets are just...

The Pound to dollar (GBP/USD) exchange rate dipped to 10-day lows on Tuesday following weaker-than-expected UK lending data and stronger-than-expected US job-openings data. The Euro did manage to make net gains against the dollar and GBP/USD recovered to 1.2685 around the European close. There was on-going caution ahead of...

The Pound to Dollar (GBP/USD) exchange rate dipped to lows below 1.2670 before stabilising. Market conditions were subdued on Monday, especially with no data releases. Position adjustment ahead of this week’s central bank meetings was a key element with expectations of a more dovish Bank of England stance curbing Pound support,...

ING’s central case for the Bank of England (BoE) policy meeting is that the Pound to Dollar exchange rate will trade at 1.2700 with a possible range of 1.2650-1.2850 depending on the rate split and forward guidance. According to Scotiabank, the broader 1.26/1.2825 range for GBP/USD remains intact. GBP/USD was held in narrow ranges...

The latest UK data failed to provide further Pound support during Thursday. US releases overall were solid, but the main market move was a slide in the Euro as the Euro to dollar (EUR/USD) exchange rate dipped sharply to below 1.0850 after the ECB policy statement. The Pound overall was mixed on the crosses and Euro weakness dragged...

Dollar and Pound Benefit from Upbeat Data, GBP/USD Exchange Rate Holds Below 10-Day highs The Pound to Dollar (GBP/USD) exchange rate jumped to highs at 1.2775 after stronger than expected UK PMI data, but the Pound was unable to hold gains and retreated to 1.2740 after US data also beat market expectations. The UK PMI manufacturing...

Pound Unable to Defy Stronger Dollar, GBP/USD Exchange Rate Retreats to 1.2650 The dollar lost ground during Tuesday’s Asian session as the yen posted gains, but the US currency rebounded strongly later in the day and USD/JPY traded around daily highs at 148.60 from lows at 147.00. Although Pound sentiment was firm after...

Pound Sterling Forecast Update: The Pound to Dollar exchange rate edged above the 1.2700 level in Asia on Monday and held a firm tone during the day. The UK currency held a firm tone on the crosses and GBP/USD posted a net advance to 1.2725 after the Wall Street open despite a firm dollar. UK equities were able to make headway...

Bank of America forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 on a 12-month view amid dollar losses and a more positive UK assessment. In contrast, HSBC expects that GBP/USD will weaken to 1.20 on dollar gains and UK vulnerability. The UK outlook will be very important, but market confidence in...