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Pound Sterling Falls vs Dollar and Euro Ahead of Next US Data

14 Jan 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Falls vs Dollar and Euro Ahead of Next US Data

The Pound US Dollar exchange rate dropped significantly on Monday as ongoing concerns over the UK’s bond market continued putting pressure on the British currency. The British Pound (GBP) faced further decline and continued on its downward trend against most major currencies. The British currency remained under significant pressure due to the UK’s bond market challenges. Last week, the yield on the 30-year UK...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Rate Drops Amid Renewed UK Bond Market Woes

14 Jan 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Drops Amid Renewed UK Bond Market Woes

The Pound Sterling slid lower vs the Euro and US Dollar on Monday as pressure mounted in the UK bond market, leading to another round of selling for government debt. At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading near €1.1881, down rough 0.3% from Monday’s opening levels. The British Pound struggled on Monday as another increase in UK government borrowing costs unnerved investors. ...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213

13 Jan 2025 at 1 PM - Written by David Woodsmith

STORY LINK Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213

The British Pound Sterling came under renewed pressure on Monday as sellers looked to trigger further pressure and position liquidation. The Pound to Dollar (GBP/USD) exchange rate has slumped to fresh 14-month lows at 1.2110. ING had expected GBP/USD support around 1.2250 but now expects that there will be a further slide to 1.20. The dollar overall has posted further gains with fresh 2-year highs, which has hurt the...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Forecast for Week Ahead: Buy the Dip?

12 Jan 2025 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Euro Forecast for Week Ahead: Buy the Dip?

The Pound came under significant pressure during the week amid a surge in UK government bond yields and higher global yields. The Pound to Euro exchange rate (GBP/EUR) dipped sharply to 2-month lows close to 1.1900 before a slight recovery. The 10-year yield jumped to 16-year highs just above 4.90%, while the 30-year yield hit the highest level since 1998. Deutsche Bank recommends selling the Pound against a basket...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Forecast for Week Ahead: Sell to 1.1750?

12 Jan 2025 at 8 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Forecast for Week Ahead: Sell to 1.1750?

MUFG recommends selling the Pound to Dollar (GBP/USD) exchange rate with a target of 1.1750. There was a slide in UK bonds during the week with a jump in yields as the 10-year yield hit a 16-year high while the 30-year yield hit the highest level since 1998. Upward pressure on US yields contributed to the selling of US bonds. There were fears that the government's economic strategy would unravel with pressure for...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound Sterling Slides vs Dollar After US Jobs Data

12 Jan 2025 at 8 PM - Written by Tim Boyer

STORY LINK Pound Sterling Slides vs Dollar After US Jobs Data

Stronger-than-expected US data triggered a fresh surge in US and global bond yields on Friday. Higher yields triggered fresh gains in the dollar and there were further concerns surrounding the UK outlook as yields also jumped towards 16-year highs. The Pound to Dollar (GBP/USD) exchange rate slumped to 14-month lows just below 1.2200 before stabilising. The Pound to Euro (GBP/EUR) exchange rate was marginally lower at...

CATEGORIES: Pound Dollar Forecasts

Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data

12 Jan 2025 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data

The Canadian dollar strengthened after stronger than expected Canadian jobs data. Higher US bond yields also triggered another round of Pound selling in global markets. In this environment, the Pound to Canadian dollar (GBP/CAD) exchange rate dipped to 6-week lows at 1.7600 before stabilising. The latest Canadian labour-market data recorded a net increase in employment of 90,900 for December compared with consensus...

CATEGORIES: Pound Canadian Dollar Forecasts

Crisis or Storm in a Teacup, Pound Consolidates vs Euro and Dollar

10 Jan 2025 at 12 PM - Written by Tim Boyer

STORY LINK Crisis or Storm in a Teacup, Pound Consolidates vs Euro and Dollar

The Pound to Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates traded around 1.23118 and 1.19443 respectively on Friday. The UK will not be impacted in isolation as sustained increase in global bond yields will have a negative impact on all major economies. Jim Reid, market strategist at Deutsche Bank, commented; “even though the UK might appear the most striking in terms of when yields last traded at these...

CATEGORIES: Pound Sterling Forecasts

Pound to Euro: 10-Week Low, Where Next?

10 Jan 2025 at 11 AM - Written by Frank Davies

STORY LINK Pound to Euro: 10-Week Low, Where Next?

The Pound vs Euro exchange rate (GBP/EUR) slipped on Thursday as concerns over the UK’s rising borrowing costs undermined the currency pairing. On Thursday, the Pound (GBP) faced another downturn, losing ground against most of its major trading partners as persistent worries about escalating UK borrowing costs continued to weigh on the currency's sentiment. Early in the day, the yield on the 10-year UK government bond...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Steadies Against Euro, Dollar but Analysts Warn of Further Downside

10 Jan 2025 at 11 AM - Written by David Woodsmith

STORY LINK Pound Sterling Steadies Against Euro, Dollar but Analysts Warn of Further Downside

The Pound to Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates slumped on Thursday as fears over the UK’s borrowing costs continued to undermine Sterling. Pound Sterling weakened once again against most of its major counterparts, as concerns over rising UK borrowing costs continued to weigh on the British currency. In the early hours of the day, the yield on the benchmark 10-year UK government bond climbed to...

CATEGORIES: Pound Sterling Forecasts

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