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American Dollar Forecast Directory - Page #105

A round up of the latest American Dollar forecast news items from the Currency News desk.

US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook

14 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook

The Pound to Dollar (GBP/USD) exchange rate found support around 1.2730 on Wednesday, just above 3-month lows at 1.2720 recorded on Tuesday and recovered to 1.2755 after the latest US inflation data with an element of profit taking on long dollar positions. Politically, the Trump appointments so far have reinforced expectations of...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Subdued despite Uptick in US Inflation

14 Nov 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Subdued despite Uptick in US Inflation

The Pound US Dollar (GBP/USD) exchange rate traded sideways near a three-month low on Wednesday, with the American currency unable to push higher despite rising inflation. The US Dollar (USD) experienced a slight downturn on Wednesday, pausing its recent upward trajectory. In the past few days, USD has reached multi-month peaks,...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Strikes Fresh Low following Downbeat UK Jobs Data

13 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Strikes Fresh Low following Downbeat UK Jobs Data

The Pound US Dollar (GBP/USD) exchange rate fell on Tuesday, striking a fresh three-month low, following the UK’s latest labour market report. The Pound (GBP) declined on Tuesday following the UK's latest labour market report, which revealed a sharper-than-expected increase in unemployment. The UK unemployment rate rose from 4% to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower

11 Nov 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower

The Pound to Dollar (GBP/USD) exchange rate has dipped to 1.2875 from above 1.2900 on Monday amid another round of dollar strength. In the short term, traders will focus on 12-week lows near 1.2835 posted in immediate reaction to Trump’s victory last week. As far as the UK is concerned, the latest labour-market data is due on...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Pressured by Anticipated Republican "Red Wave"

11 Nov 2024 at 2 PM - Written by David Woodsmith

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Pressured by Anticipated Republican "Red Wave"

The Pound to US Dollar (GBP/USD) exchange rate weakened at the beginning of this week as markets priced in a likely Republican control of all three branches of the US government. GBP/USD was trading near $1.2898, approximately 0.2% lower than Monday’s opening levels. The US Dollar (USD) climbed broadly higher on Monday as...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Trump trades dominate GBPUSD

10 Nov 2024 at 7 PM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: Trump trades dominate GBPUSD

ING has upgraded its dollar forecasts following the US Presidential election and now has an end-2025 Pound to Dollar (GBP/USD) exchange rate forecast of 1.24. MUFG added; “the bullish implications for the US dollar from a Trump victory and likely Red Sweep will cap further upside for cable beyond the 1.3000-level.” According to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Climbs on BoE Rate Decision

10 Nov 2024 at 7 PM - Written by Toni Johnson

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Climbs on BoE Rate Decision

The Pound to US Dollar (GBP/USD) exchange rate rose on Thursday as markets responded to the Bank of England’s (BoE) latest interest rate decision. The Pound (GBP) appreciated on Thursday after the BoE announced its latest interest rate decision. As anticipated, the BoE implemented a 25bps rate cut following its November...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Gains on Inflation Warnings and Slow Pace of Cuts

8 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Gains on Inflation Warnings and Slow Pace of Cuts

The Bank of England (BOE) Monetary Policy Committee (MPC) cut interest rates by 25 basis points to 4.75% which was in line with strong consensus forecasts. There was an 8-1 decision for the cut with Mann voting to hold rates at 5.00%. The Pound had drifted lower into the announcement and there were significant gains after the...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Slumps 1% as Trump Victory Sparks Market Moves

7 Nov 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Slumps 1% as Trump Victory Sparks Market Moves

The Pound US Dollar (GBP/USD) exchange rate slumped on Wednesday as the US presidential election results pointed to a victory for Trump. At the time of writing, GBP/USD traded at around $1.2896, down more than 1% since the start of the day’s session. The US Dollar (USD) surged on Wednesday as the US presidential election results...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Braced for Huge Overnight Swings on US Election Result

6 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Braced for Huge Overnight Swings on US Election Result

Currency markets are relatively calm on Tuesday as traders await the US election results, but there are expectations of high volatility once results start to be projected. The Federal Reserve and Bank of England (BoE) interest rate decisions will also be important background influences. The dollar has drifted lower, but the Pound to...

CATEGORIES: Pound Dollar Forecasts

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