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GBP/USD Forecast: Sterling Drifts, Dollar Supported by US-China Tariff Optimism

29 Apr 2025 at 5 PM - Written by Frank Davies

STORY LINK GBP/USD Forecast: Sterling Drifts, Dollar Supported by US-China Tariff Optimism

The Pound-to-Dollar exchange rate was on the back foot on Tuesday as the US released its latest JOLT’s job openings data. At the time of writing, GBP/USD was trading at approximately $1.3409, down roughly 0.2% from the start of Tuesday’s session. On Tuesday, the US Dollar (USD) managed gain ground against most of its counterparts, despite some worse-than-expected domestic data. The latest JOLT's job openings...

CATEGORIES: Pound Dollar Forecasts

GBP/EUR Forecast: Pound Holds Steady vs Euro After Duo of Eurozone Data

29 Apr 2025 at 5 PM - Written by David Woodsmith

STORY LINK GBP/EUR Forecast: Pound Holds Steady vs Euro After Duo of Eurozone Data

The Pound-to-Euro exchange rate (GBP/EUR) was muted on Tuesday following the publication of two economic indicators from the Eurozone. At the time of writing, the GBP/EUR was trading at around €1.1771, virtually unchanged from Tuesday’s opening levels. On Tuesday, the Euro (EUR) wavered against its peers, declining against several currencies while holding steady against others. This movement followed the release...

CATEGORIES: Pound Euro Forecasts

Canada Election: Canadian Dollar Pares Losses as Liberals and NDP Head for Narrow Majority

29 Apr 2025 at 10 AM - Written by Ben Hughes

STORY LINK Canada Election: Canadian Dollar Pares Losses as Liberals and NDP Head for Narrow Majority

The Canadian dollar lost ground after the projected Canadian election results indicated that Carney’s Liberal Party would fall short of a majority with concerns that a minority government would complicate policy making and make it more difficult to deal with the US-Canada trade crisis. The currency rallied from lows with the Liberals and NDP parties combined set to secure a majority. The US Dollar to Canadian dollar...

CATEGORIES: Canadian Dollar Forecasts

Pound Sterling to Euro Forecast: FTSE Winning Streak Boosts GBP Rates

29 Apr 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling to Euro Forecast: FTSE Winning Streak Boosts GBP Rates

The Pound to Euro rate has strengthened to 3-week highs above 1.1750 in European trading on Monday. UK equity markets have made further headway with the FTSE 100 index aiming to post the 11th successive daily gain amid the on-going recovery from April lows which has helped underpin the Pound. The rebound in equities has been a key element in driving the GBP/EUR recovery from 14-month lows below 1.1450 recorded at the...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Rises as EUR/USD Momentum Softens

28 Apr 2025 at 3 PM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Rises as EUR/USD Momentum Softens

A marginal decline seen in EUR/USD encouraged some Pound Euro (GBP/EUR) exchange rate gains on Monday as an improving market mood supported Sterling over the safer single currency. At the time of writing, the Pound Euro (GBP/EUR) exchange rate traded at €1.1757, up almost 0.4% on the day. The increasingly risk-sensitive Pound (GBP) found support at the start of the week, advancing against several major peers amid a...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Rate Bullish Trend Intact as Sterling Outperforms

28 Apr 2025 at 3 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Rate Bullish Trend Intact as Sterling Outperforms

The Pound US Dollar exchange rate was buoyed on Monday following the UK’s latest CBI distributive trades reading. "GBP is up a modest 0.2% in quiet trade, outperforming most of the G10 currencies heading into Monday’s NA session," said Shaun Osborne, Chief FX Strategist at Scotiabank in a commercial brief on Monday. At the time of writing, GBP/USD was trading at approximately $1.3371, up roughly 0.2% from the start...

CATEGORIES: Pound Dollar Forecasts

EUR/USD Outlook: Is Euro to Dollar Rate Forecast to Challenge on 1.15?

28 Apr 2025 at 12 PM - Written by Tim Boyer

STORY LINK EUR/USD Outlook: Is Euro to Dollar Rate Forecast to Challenge on 1.15?

The Euro to US Dollar exchange rate (EUR/USD) has consolidated around 1.1350 ahead of a big week for US data. The dollar has managed to stabilise in global markets, but sentiment remains cautious. According to ING; “Hard data to determine dollar’s next move.” It added; “The worst case for EUR/USD is probably 1.1250, should US data surprise on the upside. 1.1500 is the risk, should any of this week's job...

CATEGORIES: Euro Dollar Forecasts

GBP/USD Forecast: Pound Looks to 3-Year Best on US Recession Watch

28 Apr 2025 at 12 PM - Written by Ben Hughes

STORY LINK GBP/USD Forecast: Pound Looks to 3-Year Best on US Recession Watch

The Pound to Dollar exchange rate (GBP/USD) has consolidated above 1.3300 with solid buying on dips to trade around 1.3345 amid another net gain for the FTSE 100 index. Much of the attention will be on high-profile US data releases such as GDP and payrolls but, given the lags involved, less glamourous data such as freight traffic and port arrivals may be more important in assessing the outlook. Evidence of US weakness...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast: EUR Uptrend in Tact, 1.15 Resistance

27 Apr 2025 at 6 PM - Written by Frank Davies

STORY LINK Euro to Dollar Forecast: EUR Uptrend in Tact, 1.15 Resistance

Currency forecasters at MUFG expect the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.20 by the end of 2025 and extend gains over the following two years. Credit Agricole is less convinced that the Euro can hold gains and forecasts a EUR/USD retreat to 1.12 by the end of 2025. The underlying tone was consolidation during the week with EUR/USD little changed around 1.1370 after failing to sustain a surge to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Forecast: RSI Firmly Bullish, Resistance Closer to 1.34

27 Apr 2025 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Forecast: RSI Firmly Bullish, Resistance Closer to 1.34

In view of sharp dollar losses, most investment banks have dropped their forecasts for sustained Pound to Dollar exchange rate (GBP/USD) losses. Danske Bank and UBS both now have 12-month GBP/USD forecasts of 1.39. Standard Chartered is more cautious and has a 12-month GBP/USD forecast of 1.34. After testing 3-year highs around 1.3430, GBP/USD consolidated just above 1.3300 as the dollar recovered some...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

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