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GBP/USD Forecast: Pound Weakens Against Stronger Dollar Despite Downbeat US GDP

1 May 2025 at 8 AM - Written by Frank Davies

STORY LINK GBP/USD Forecast: Pound Weakens Against Stronger Dollar Despite Downbeat US GDP

The Pound-to-Dollar exchange rate softened on Wednesday after the release of the US’s latest GDP data and core PCE price index. At the time of writing, GBP/USD was trading at approximately $1.3348, down roughly 0.5% from the start of Wednesday’s session. On Wednesday, the US Dollar (USD) managed to climb against most of its peers, despite the release of two economic data points that fell short of...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Rate Dips to 1.176 on EUR USD Reaction to GDP Data

1 May 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound-to-Euro Rate Dips to 1.176 on EUR USD Reaction to GDP Data

The Pound-to-Euro exchange rate ticked lower on Wednesday following the publication of the Eurozone’s latest GDP data. At the time of writing, the GBP/EUR was trading at around €1.1749, down roughly 0.2% from Wednesday’s opening levels. On Wednesday, the Euro (EUR) was mixed against its peers, strengthening against some currencies but weakening against others, following the release of the Eurozone’s latest GDP...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecasts Revised to 1.15 (from 1.04) at HSBC

30 Apr 2025 at 3 PM - Written by Frank Davies

STORY LINK Euro to Dollar Forecasts Revised to 1.15 (from 1.04) at HSBC

After surging to 3-year highs above 1.1550, the Euro to Dollar exchange rate (EUR/USD) has been in corrective mode with buying below 1.1300. US economic concerns have increased, although the dollar has demonstrated some resilience in global markets. There will be some impact from month-end trading during the day which may mask underlying trends. Scotiabank commented; “The latest period of consolidation has not yet...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

USD/CAD Forecasts Lowered for End-2025 to 1.44 at HSBC

30 Apr 2025 at 12 PM - Written by Frank Davies

STORY LINK USD/CAD Forecasts Lowered for End-2025 to 1.44 at HSBC

The US to Canadian Dollar exchange rate (USD/CAD) has settled around 1.3835 after the Canadian election. There have been sharp losses from 22-year highs above 1.48 recorded in the first quarter. The focus will quickly focus on the outlook for trade talks with the US and the domestic economic impact. ING commented; “We expect most trading into the summer to happen within the 1.37-1.40 range, and we target 1.39 for the...

CATEGORIES: Canadian Dollar Forecasts

Pound to Dollar Forecast: Fresh Multi-year Best in 1.34s

30 Apr 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar Forecast: Fresh Multi-year Best in 1.34s

After hitting 3-year highs just above 1.3440 late on Monday, the Pound to Dollar exchange rate (GBP/USD) was in consolidation mode early on Tuesday. A raft of weak US data, however, triggered fresh buying interest and it traded just above 1.3400 after the New York open According to Scotiabank; “The bull trend is intact and has been reinforced by GBP’s push to a fresh multi-year high in the mid-1.34s. Near-term...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Mid-Week Forecast: Sterling Bolstered on Closer UK-EU Hopes

30 Apr 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Euro Mid-Week Forecast: Sterling Bolstered on Closer UK-EU Hopes

The Pound to Euro exchange rate (GBP/EUR) hit 3-week highs around 1.1780 in Europe on Tuesday before settling around 1.1770. Hopes for closer UK-EU ties have continued to underpin the Pound Sterling in global markets. UK equities edged higher in London trading which also helped support Sterling. Ramifications of the aggressive US trade policies are continuing to reverberate globally. Although the UK is pursuing a...

CATEGORIES: Pound Euro Forecasts

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

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