Pound Dollar forecast page 8 - GBP USD

The Pound to Dollar exchange rate was trapped in narrow ranges ahead of Wednesday’s New York open and traded around 1.2720. Sterling did demonstrate some notable resilience on the crosses which also cushioned GBP/USD, but it struggled to make any headway, especially with less confident risk conditions and a vulnerable Euro. There...

The Pound to Dollar (GBP/USD) exchange rate peaked at 4-month highs around 1.2830 on December 28th before a significant retreat to 1.2715 on Tuesday as the dollar regained some ground. Seasonal factors will be potentially significant with the dollar tending to weaken ahead of the year end and then regaining ground in January. UK...

Goldman Sachs now expects that the Pound will strengthen to 1.35 against the US Dollar by the end of 2024. HSBC analysts, however, are forecasting that GBP/USD exchange rate will weaken to 1.18 by the third quarter of 2024. There was choppy GBP/USD trading during the week with net gains to above 1.2700 as the dollar lost ground....

According to the latest forecasters at Rabobank, the British Pound Sterling (GBP) could be tipped to "retreat" from today's levels against the US Dollar (USD) in the next three months, touching lows of 1.23 by end of March 2024. UK GDP Data Triggers More Aggressive BoE Rate Cut Calls, GBP/USD Exchange Rate Held Around...

The US Dollar and Pound both struggled on Thursday, primarily under the weight of interest rate expectations. Markets remained convinced that the Federal Reserve will cut interest rates relatively early in 2024 and this week’s UK inflation data has brought forward expectations of Bank of England rate cuts. As the Euro to Dollar...

GBP/USD Exchange Rate Slides to 1.2650 After UK Inflation Data, US and UK Rate-Cut Expectations Dominate Markets The Pound spiked lower following the UK inflation data with the Pound to Dollar (GBP/USD) exchange rate dipping to lows at 1.2650 from above 1.2700 before settling just above 1.2650 The dollar overall remained on the...

The Pound Sterling (GBP) posted significant gains against the US Dollar (USD) during Tuesday, while the overall trading performance has been more mixed. Wednesday’s inflation data will be an important indicator of underlying sentiment. There have been no major data releases, but Bank of England rhetoric has remained hawkish and...

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

Pound Sterling Boosted by PMI Services-Sector Surprise, GBP/USD Exchange Rate Re-Tests 3-Month Highs The hawkish Bank of England rhetoric and a more dovish Federal Reserve policy stance has continued to provide net Pound support in global currency markets. The UK currency also secured a further kicker from stronger-than-expected PMI...

UK Pound Jumps on Hawkish Bank of England Hold at 5.25%, GBP/USD Exchange Rate Tests 3-Month Best The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% following the latest policy meeting which was in line with consensus forecasts. There was another 6-3 vote for keeping rates on hold as Haskel, Mann...