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GBP/USD Forecast: Pound Sterling Test of 1.2990 Best "is Developing"

17 Mar 2025 at 9 PM - Written by David Woodsmith

STORY LINK GBP/USD Forecast: Pound Sterling Test of 1.2990 Best "is Developing"

Pound Sterling (GBP) was rangebound versus the US Dollar (USD) on Monday despite the release of some underwhelming US retail sales data. At the time of writing, the Pound US Dollar exchange rate was trading at approximately $1.2971, virtually unchanged from the start of Monday’s session. On Monday, the US Dollar (USD) faced difficulties in attracting investor interest and slumped against most of its major...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Today: GBP/EUR Rate Steady Amid Uncertainty Over Ukraine Peace Talks

17 Mar 2025 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro Today: GBP/EUR Rate Steady Amid Uncertainty Over Ukraine Peace Talks

The Pound struggled for direction against the Euro on Monday as markets remained cautious ahead of high-level talks between the US and Russia regarding the ongoing war in Ukraine. At the time of writing, the Pound Euro (GBP/EUR) exchange rate was trading at approximately €1.1894, virtually unchanged from Monday’s opening rate. The Euro (EUR) was unable to gain any meaningful traction at the start of the week as...

CATEGORIES: Euro Forecasts

Pound to Euro Weekly Forecast: Potential Peak at 1.22 in Q2 2025

16 Mar 2025 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Euro Weekly Forecast: Potential Peak at 1.22 in Q2 2025

Foreign exchange analysts at RBC Capital Markets (RBC) expect the Pound to Euro (GBP/EUR) exchange rate will see temporary strength during the second quarter of this year with a potential peak around 1.22. It expects GBP/EUR selling on rallies with steady losses to 1.1765 by the end of 2025. The bank also forecasts further losses to 1.11 at the end of next year. According to the bank US trade tariffs will be crucial...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Weekly Forecast: HSBC Revises to 1.23 by End 2025

16 Mar 2025 at 5 PM - Written by Frank Davies

STORY LINK Pound to Dollar Weekly Forecast: HSBC Revises to 1.23 by End 2025

Many investment banks remain unconvinced over the UK outlook, but pound to Dollar (GBP/USD) exchange rate forecasts have generally been increased amid further doubts over the dollar. One of the sceptics has been HSBC and its latest update it commented; “We continue to believe the BoE may cut by more than this and forecast GBP-USD to finish the year at 1.23. However, this is an upward revision to our prior forecast of...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound Falls Against Euro and Dollar as UK GDP Data Undermines Sterling

14 Mar 2025 at 1 PM - Written by Tim Boyer

STORY LINK Pound Falls Against Euro and Dollar as UK GDP Data Undermines Sterling

Weaker-than-expected GDP data undermined Pound confidence on Friday. Equity markets were stronger on the day, but Sterling still posted net losses. The Pound to Dollar (GBP/USD) exchange rate retreated to 1.2930 from 1.2950 with the Pound to Euro (GBP/EUR) exchange rate dipping to just below 1.1900 from 1.1935. The ONS reported that UK GDP contracted 0.1% for January after 0.4% growth for December and compared with...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Euro to Dollar Forecast: EUR/USD Drops as US-EU Trade War Escalates

13 Mar 2025 at 3 PM - Written by Ben Hughes

STORY LINK Euro to Dollar Forecast: EUR/USD Drops as US-EU Trade War Escalates

Risk markets are fading lower again and the Euro (EUR) is retracing some of its recent rally against the US Dollar (USD). This comes despite better-than-expected inflation readings in the US. The trade war has escalated in the last 24 hours and the EU is in Trump’s sights. There was a peculiar reaction to Wednesday’s cooler CPI readings in the US. After a strong rally, stocks faded back into the red, while the US...

CATEGORIES: Euro Dollar Forecasts

GBP/USD Forecast: Pound Sterling Unable to Break 1.30 - Where Next?

13 Mar 2025 at 3 PM - Written by Tim Boyer

STORY LINK GBP/USD Forecast: Pound Sterling Unable to Break 1.30 - Where Next?

The Pound to Dollar exchange rate (GBP/USD) peaked at 4-month highs just below 1.2990 on Wednesday before a retreat to near 1.2950. Huge global influences of trade wars and the Ukraine situation will remain crucial for markets with stock market trends also watched very closely. Markets will also have to factor in the possibility of a US government shutdown given that Senate Democrats are threatening to block the...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Ticks Higher as EUR Currency Struggles

13 Mar 2025 at 3 PM - Written by Frank Davies

STORY LINK Pound to Euro Ticks Higher as EUR Currency Struggles

The Pound-to-Euro exchange rate (GBP/EUR) experienced volatility on Thursday as investors weighed up the latest developments in Germany’s economic landscape. At the time of writing, GBP/EUR traded at €1.1919, fluctuating within a narrow range. The Euro (EUR) struggled for a clear trajectory on Thursday as investors assessed the economic prospects of Germany, the largest economy in the Eurozone. Joachim Nagel,...

CATEGORIES: Pound Euro Forecasts

Pound and Euro "Track the Broader Trend in US Dollar", GBP/USD Weakly Bullish

13 Mar 2025 at 3 PM - Written by David Woodsmith

STORY LINK Pound and Euro "Track the Broader Trend in US Dollar", GBP/USD Weakly Bullish

Pound Serling (GBP) ticked lower on Thursday, as the pairing lost momentum following a strong rally earlier in the week. At the time of writing, the Pound US Dollar exchange rate (GBP/USD) was trading at around $1.2895, down approximately 0.2% from Thursday’s opening levels. The US Dollar (USD) trended higher on Thursday as investors sought safe-haven assets amid a renewed wave of market caution. The deterioration...

CATEGORIES: Pound Dollar Forecasts

Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

12 Mar 2025 at 9 PM - Written by David Woodsmith

STORY LINK Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

The Bank of Canada (BoC) warning over inflation was slightly more hawkish than expected and provided some Canadian dollar support after the latest interest rate cut, although trading conditions remained volatile given the on-going trade war with the US. According to Governor Tiff Macklem "We ended 2024 on a solid economic footing. But we're now facing a new crisis." Macklem added; "Depending on the extent and duration...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

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