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Pound Dollar forecast page 87 - GBP USD

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

LIVE EXCHANGE RATE 16:17:15 Pound Dollar Rate »
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1.33998 ▲ +0.5% 1.3331 1.34111 1.33333

Pound to Dollar: "No obvious fundamental drivers" for Sterling’s Downturn

28 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Pound to Dollar: "No obvious fundamental drivers" for Sterling’s Downturn

The Pound to Dollar exchange rate (GBP/USD) came under pressure in early Europe on Wednesday and hit 5-day lows close to 1.2620 as equities moved lower. Scotiabank commented; “A mild bid for the USD generally yesterday developed a little more in overnight trade, largely reflecting weaker risk appetite as stocks in Asia and Europe...

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Pound to Dollar Rate: "Struggled to Extend through 1.2700"

27 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate: "Struggled to Extend through 1.2700"

The Pound to Dollar exchange rate (GBP/USD) was again unable to break the 1.2700 level on Tuesday and retreated to near 1.2660 after the New York open before settling around 1.2675. GBP/USD needs to break 1.2700 to make further headway with markets looking at month-end trading to break the deadlock. The dollar secured a net gain...

CATEGORIES: Pound Dollar Forecasts

US Dollar Drifts Lower as Volatility Collapses, Pound Rate Edges Higher

26 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK US Dollar Drifts Lower as Volatility Collapses, Pound Rate Edges Higher

The Pound to Dollar (GBP/USD) exchange rate has edged higher during Monday, although the main feature has again been very narrow ranges with resistance at the 1.2700 level and consolidation around 1.2680. The dollar overall has drifted lower against European currencies with low volatility encouraging flows out of the US currency....

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Ranges 1.25-1.137 in Nine Months

25 Feb 2024 at 9 AM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: Ranges 1.25-1.137 in Nine Months

Bank of America analysts expect the Pound to Dollar exchange rate (GBP/USD) to strengthen to 1.37 at the end of 2024. Credit Agricole sees scope for near-term Pound backing, but expects that GBP/USD will retreat to 1.25 at the end of the year. The main focus was on bond and equity markets during the week. There were strong gains on...

CATEGORIES: Pound Dollar Forecasts

Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

24 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

The Pound to Dollar exchange rate (GBP/USD) has been able to make headway on Thursday, although there has been an element of head scratching over market trends and GBP/USD has not been able to regain the 1.2700 level. Wall Street posted strong gains on Thursday with a further surge in Nvidia pushing the S&P 500 index to a fresh record...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

23 Feb 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

The Pound to Dollar exchange rate (GBP/USD) jumped to 20-day highs above 1.2700 in early Europe on Thursday, but failed to hold the gains and retreated sharply to around 1.2620. US data was mixed, but the narrative of strong US asset prices was reinforced by another round of strong Wall Street gains as the S&P 500 index posted a fresh...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

22 Feb 2024 at 6 AM - Written by David Woodsmith

STORY LINK Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2650, but has held above 1.2600 and settled around 1.2620 on Wednesday. Fiscal and monetary policy expectations will continue to have an important impact on the Pound with evidence of divergence tending to limit Pound buying. According to ING; “A softer dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

20 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

The Pound to Dollar exchange rate (GBP/USD) moved above the 1.2600 level on Tuesday. As the dollar dipped lower, GBP/USD posted 2-week highs just below 1.2670 before settling just below 1.2650. According to Scotiabank there is no sign of an imminent breakout with resistance around 1.2685; “Recent sterling losses towards 1.25 have...

CATEGORIES: Pound Dollar Forecasts

Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

19 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

The Pound to Dollar (GBP/USD) exchange rate edged higher in early Europe on Monday with highs at 1.2630, but it failed to hold the gains and drifted lower later in the session with a move back below the 1.2600 level to trade around 1.2585. Overall trading conditions were notably subdued with US markets closed for the President’s Day...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

18 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground. Danske Bank, however, expects GBP/USD will weaken to 1.18 on the same timeframe. GBP/USD was held in tight ranges overall and traded just below 1.2600 after finding support above February...

CATEGORIES: Pound Dollar Forecasts

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