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Pound Dollar forecast page 9 - GBP USD

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

LIVE EXCHANGE RATE 18:19:17 Pound Dollar Rate »
GBP/USD +0 Days Low Days High Last Daily
1.26214 +0.03% 1.2586 1.26547 1.2618

Pound Sterling Fails to Hold Euro, Dollar Gains After Autumn Statement

22 Nov 2023 at 5 PM - Written by Ben Hughes

GBP/USD Exchange Rate Slides on Dollar Revival and UK Growth Forecast Disappointment The pound-to-dollar (GBP/USD) exchange rate peaked at 1.2550 ahead of the Autumn Statement, but failed to hold the gains. Weak UK growth forecasts undermined the Pound while stronger than expected US data helped trigger a further dollar recovery...

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Pound to Dollar Rate Today: 10-Week Highs Ahead of UK Business Tax Cuts

22 Nov 2023 at 8 AM - Written by Frank Davies

The Pound US Dollar exchange rate (GBPUSD) was unable to hold a brief move above the 1.2500 level on Monday, but made further headway on Tuesday with 10-Week highs just above 1.2550 before a correction to 1.2530. Overall risk appetite remained firmer with European equity markets at the highest level for over 5 weeks. Firm risk...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Weekly Exchange Rate Forecast: "Can push up to 1.2590" say ING

21 Nov 2023 at 7 AM - Written by David Woodsmith

GBP/USD Exchange Rate Looking for UK Tax Cuts to Break Tough Resistance around 1.2500 Chancellor Hunt will present the Autumn Statement on Wednesday with markets focussed on whether tax cuts can help the Pound to Dollar (GBP/USD) exchange rate break above 1.2500. GBP/USD hit highs at 1.2510 on Monday before a retreat to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Dollar Outlook: 1.32 in Twelve Months say BNP Paribas

19 Nov 2023 at 1 PM - Written by Frank Davies

BNP Paribas predicts the Pound to Dollar exchange rate could rise to 1.32 within a year, while Danske Bank sees it dropping to 1.17. US and UK inflation declines are leading to expectations of rate cuts from the Fed and BoE in 2024. Despite weak UK retail sales, markets anticipate three BoE rate cuts next year. The British Pound's...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Dollar Tech Outlook: "Evening Star on Intraday Chart" say Scotiabank

16 Nov 2023 at 9 PM - Written by Tim Boyer

GBP/USD Exchange Rate Consolidates Below 2-month Highs, Markets More Confident over 2024 BoE Rate Cuts After the surge to 2-month highs at 1.2500 on Tuesday, the overall Pound to Dollar (GBP/USD) exchange rate theme has been one of consolidation. The UK inflation data triggered fresh expectations of interest rate cuts in 2024 which...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Jumps to 2-Month Best Above 1.2400

15 Nov 2023 at 7 AM - Written by Frank Davies

The Pound Sterling (GBP) moved to test the best exchange rate levels of two months against the US Dollar (USD) on Tuesday. Benign US inflation data was a key element in global markets on Tuesday with markets pricing out any further Fed rate hikes. In response, the dollar dipped sharply while risk appetite also improved sharply which...

CATEGORIES: Daily Currency Updates Pound Dollar Forecasts

Pound to Dollar Outlook: 1.22 by End-2024 say Nordea

12 Nov 2023 at 7 PM - Written by Frank Davies

Nordea foreign currency analysts predict that the Pound to Dollar exchange rate (GBP/USD) will make no headway and trade at 1.22 at the end of 2024. Bank of America expects the Pound will struggle in the short term, but expects a dollar retreat in 2024 will help trigger a GBP/USD rebound to 1.35 at the end of next year. After strong...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Dollar Rate: Forecast to Trade in 1.2180/1.2400 Range say UoB

9 Nov 2023 at 2 PM - Written by John Cameron

The Pound to Dollar (GBP/USD) exchange rate posted dipped to lows just below 1.2245 on Wednesday before a recovering towards 1.2300. GBP/USD traded just above the 1.2300 level on Thursday as the dollar maintained a slightly softer tone and Bank of England (BoE) chief economist did not repeat comments that interest rates could be cut in...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: "Corrective GBP Losses May Extend to Low/mid-1.22s" say Scotiabank

7 Nov 2023 at 7 PM - Written by Tim Boyer

The Pound to Dollar (GBP/USD) exchange rate posted notable losses on Monday and a recovery attempt failed on Tuesday with a retreat to just below the 1.2300 level. On a longer-term view with a vulnerable UK economy, Nordea expects that GBP/USD will be held to 1.24 at the end of 2025. Dollar moves will tend to dominate in the short...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling: Largest Weekly Gain vs US Dollar Since October 2022

6 Nov 2023 at 6 PM - Written by Ben Hughes

Pound to Dollar (GBP/USD) Exchange Rate Consolidates Just Below 1.2400 After rallying strongly on Friday and posting the sharpest weekly gain for 12 months, the Pound to Dollar (GBP/USD) exchange rate posted 7-week highs just shy of 1.2430 on Monday. The UK PMI construction index edged higher to 45.6 for October from 45.0 the...

CATEGORIES: Pound Dollar Forecasts