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Pound to Dollar Forecasts Maintain "Downside Risk" say UoB

9 May 2025 at 2 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Forecasts Maintain "Downside Risk" say UoB

The Pound to Dollar exchange rate (GBP/USD) briefly hit 1.3350 on the Bank of England policy decision and UK-US trade deal before a retreat to lows near 1.3200 as the dollar posted strong gains in global markets. GBP/USD recovered to 1.3270 on Friday as the dollar lost some of the gains, but has more work to do to negate the downside. According to UoB; “The downside risk will remain intact as long as 1.3320 is not...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar FX Forecast: 1.1180 Key to "Preserve Bullish Structure"

9 May 2025 at 2 PM - Written by Tim Boyer

STORY LINK Euro to Dollar FX Forecast: 1.1180 Key to "Preserve Bullish Structure"

With a significant US Dollar comeback on Thursday, the EUR/USD exchange rate dipped sharply with a test of support below 1.12 and 4-week lows. Ahead of the weekend, the Euro-Dollar conversion is seen trading at 1.12601, 0.29 percent higher on the daily open. The UK-US trade deal boosted optimism that the US Administration would adopt a more conciliatory stance on tariffs. This would lessen the risk of major damage to the...

CATEGORIES: Euro Dollar Forecasts

Pound-to-Euro Forecast: Near-Term Sterling Bullish Ahead of EU-UK Summit

9 May 2025 at 10 AM - Written by David Woodsmith

STORY LINK Pound-to-Euro Forecast: Near-Term Sterling Bullish Ahead of EU-UK Summit

Thursday’s US-UK trade deal provided an element of Pound Sterling support against the Euro (and US Dollar) while there was a relatively hawkish Bank of England rate cut and the Euro lost ground amid a boost to global risk appetite. In this environment, the Pound to Euro exchange rate (GBP/EUR) hit 5-week highs at 1.1820 before a retreat to 1.1790 on Friday. ING maintains a positive stance on the Pound; “The proximity...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound-to-Euro Rate at 5-Week Best on US-UK Trade Deal

8 May 2025 at 5 PM - Written by Frank Davies

STORY LINK Pound-to-Euro Rate at 5-Week Best on US-UK Trade Deal

The Pound to Euro exchange rate strengthened after the Bank of England policy decision amid a split vote and relatively hawkish guidance. The UK-US trade deal increased confidence that the UK could fare better than the EU on the trade front and the Pound-Euro conversion (GBP/EUR) tested hit 5-week highs just above 1.1815 as the Euro lost ground. According to ING; “A less dovish than expected BoE can only help this...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Forecast: Pound Buoyed vs Euro by Hawkish BoE Rate Cut

8 May 2025 at 5 PM - Written by Tim Boyer

STORY LINK GBP/EUR Forecast: Pound Buoyed vs Euro by Hawkish BoE Rate Cut

The Pound Euro (GBP/EUR) exchange rate drifted higher on Thursday following the Bank of England’s (BoE) latest interest rate meeting. At the time of writing, the GBP/EUR was trading at around €1.1796, up roughly 0.3% from Thursday’s opening levels. The Pound managed to edge higher against most major currencies on Thursday with markets responding positively to the latest signals from the Bank of England. While a...

CATEGORIES: Pound Euro Forecasts

GBP/USD Forecast: Pound Rebounds Against Dollar as BoE Strikes Cautious Tone

8 May 2025 at 5 PM - Written by Ben Hughes

STORY LINK GBP/USD Forecast: Pound Rebounds Against Dollar as BoE Strikes Cautious Tone

The Pound-to-Dollar exchange rate wavered on Thursday but ultimately found a foothold, bolstered by a slightly more hawkish tone from the Bank of England (BoE) and renewed optimism over UK-US trade ties. At the time of writing, GBP/USD was trading around $1.3329, having rebounded from earlier lows following a turbulent twenty-four hours. The Pound (GBP) initially struggled on Thursday ahead of the BoE’s widely expected...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast: "Remains Range Bound" Between 1.12-1.15

8 May 2025 at 2 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Forecast: "Remains Range Bound" Between 1.12-1.15

The Federal Reserve’s refusal to consider any near-term cut in interest rates has supported the dollar in global markets with the Euro to Dollar (EUR/USD) exchange rate trading around 1.1300 from 1.1270 lows. The dollar is still being hampered by fragile underlying confidence. ING commented; “We think there will be sustained support around the 1.1250-1.130 area in EUR/USD in the near term.” According to...

CATEGORIES: Euro Dollar Forecasts

Taiwan Dollar Stabilises vs Dollar After Historic 10% Gains

8 May 2025 at 1 PM - Written by Frank Davies

STORY LINK Taiwan Dollar Stabilises vs Dollar After Historic 10% Gains

After a dramatic surge of 10% on Friday and Monday, the Taiwan central bank has managed to stabilise the Taiwan dollar. There are still important underlying tensions surrounding Taiwan and other Asian currencies which will have important global consequences while 1-month volatility remains at historic highs. The Dollar to Taiwan Dollar (USD/TWD) exchange rate is trading around 30.25 from lows around 29.00 early in the...

CATEGORIES: Daily Currency Updates

Pound Sterling Rallies vs Euro and Dollar on Bank of England Vote Split

8 May 2025 at 1 PM - Written by Frank Davies

STORY LINK Pound Sterling Rallies vs Euro and Dollar on Bank of England Vote Split

The Pound Sterling dipped immediately against the Euro, U.S. Dollar and other foreign currencies before the Bank of England (BoE) policy decision, but then rallied strongly following the actual announcement. The Pound-to-Euro exchange rate traded up 0.33% at 1.17973, with the Pound-Dollar conversion jumping 0.27% to trade at 1.33269. There was surprise that two members did not back a cut in interest rates at this...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling Jumps vs Euro, Dollar on UK-US Trade Deal News

8 May 2025 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Jumps vs Euro, Dollar on UK-US Trade Deal News

The Pound jumped higher against the Euro and U.S. Dollar in Asian trading on Thursday following reports that the US and UK would announce a trade deal later in the day. The Pound to Dollar (GBP/USD) exchange rate surged to just above 1.3350 with the Pound to Euro (GBP/EUR) exchange rate advancing to 1.1785. GBP/USD dipped back below 1.3300 in Europe as the details are unlikely to match the headline hype with GBP/USD at...

CATEGORIES: Pound Sterling Forecasts

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