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American Dollar Forecast Directory - Page #109

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

Pound US Dollar Exchange Rate Undermined ahead of Federal Reserve Speeches

8 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Undermined ahead of Federal Reserve Speeches

The Pound US Dollar exchange lost ground on Monday as markets awaited several speeches from the Federal Reserve. At the time of writing, GBP/USD traded at approximately $1.3081, down roughly 0.3% from the start of Monday’s session. The US Dollar (USD) saw little movement against most of its counterparts on Monday, with a lack of...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: $1.32 Next

6 Oct 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Week Ahead Forecast: $1.32 Next

Foreign exchange strategists at MUFG expect the Pound to Dollar (GBP/USD) exchange rate to strengthen to 1.3600 at the end of the first quarter of 2025. ING expect a retreat to 1.30 in the short term while the longer-term outlook remains opaque due to the US elections. RBC Capital Markets expects GBP/USD to be capped at 1.35 over...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Exchange Rate Forecast, News: BoE Rate Cut Bets Dent Sterling

4 Oct 2024 at 12 PM - Written by John Cameron

STORY LINK Pound to US Dollar Exchange Rate Forecast, News: BoE Rate Cut Bets Dent Sterling

The Pound US Dollar (GBP/USD) exchange rate nosedived on Thursday morning, following some dovish remarks from Bank of England (BoE) Governor Andrew Bailey that sent the UK currency reeling. At the time of writing, GBP/USD traded at $1.3115, having plunged more than 1% since the start of the session. The Pound (GBP) came under...

CATEGORIES: Pound Dollar Forecasts

Foreign Exchange News: Middle East Fears Drive Dollar Gains, Israel’s Next Move Crucial

3 Oct 2024 at 1 PM - Written by David Woodsmith

STORY LINK Foreign Exchange News: Middle East Fears Drive Dollar Gains, Israel’s Next Move Crucial

The dollar has posted significant net gains over the past 24 hours, primarily due to an escalation in Middle East tensions and defensive demand for the US currency. Iran launched a wave of missiles against Israel in response to Israel’s killing of the Lebanese Hezbollah leader. There was a spike in risk aversion with a jump in oil...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

3 Oct 2024 at 1 PM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

The Pound US Dollar exchange was trapped in a narrow range on Wednesday following the publication of some mid-tier US employment data. At the time of writing, GBP/USD was trading at approximately $1.3267, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) managed to stay above ground against most of its...

CATEGORIES: Pound Dollar Forecasts

Fed’s Powell Triggers Dollar Rebound, Pound US Dollar Rate Held Below 31-Month Best

2 Oct 2024 at 11 AM - Written by Frank Davies

STORY LINK Fed’s Powell Triggers Dollar Rebound, Pound US Dollar Rate Held Below 31-Month Best

The Pound to Dollar (GBP/USD) exchange rate was unable to hold above the 1.3400 level on Monday and retreated to 1.3330 on Tuesday as Federal Reserve Chair Powell pushed back against market expectations. Markets are also continuing to monitor Middle East developments given the potential for defensive dollar demand if fighting...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Plunges thanks to Risk-Off Flows

2 Oct 2024 at 11 AM - Written by John Cameron

STORY LINK GBP to USD Exchange Rate Plunges thanks to Risk-Off Flows

The Pound US Dollar exchange tanked on Tuesday as a cautious market mood severely undermined the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.3275 down roughly 0.7% from the start of Tuesday’s session. The US Dollar (USD) climbed against the majority of its peers on Tuesday, buoyed by a...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Strengthens Amid Market Optimism - GBP/USD News

1 Oct 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate Strengthens Amid Market Optimism - GBP/USD News

The Pound to US Dollar (GBP/USD) exchange rate maintained a positive trajectory at the start of this week, with the pairing nearing its highest level since February 2021. At the time of writing, GBP/USD was trading around $1.3421. Up approximately 0.4% from Monday’s opening levels. The US Dollar (USD) struggled to attract...

CATEGORIES: Dollar Pound Forecasts

Pound to US Dollar Rate Forecast for Week Ahead: Fed, BoE Divergence Crucial

29 Sep 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to US Dollar Rate Forecast for Week Ahead: Fed, BoE Divergence Crucial

Goldman Sachs forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.40 on a 12-month view. In contrast, Wells Fargo expects GBP/USD will weaken to 1.28 at the end of 2024. The dollar remained on the defensive during the week with GBP/USD advancing to 31-month highs around 1.3430. Goldman Sachs maintains...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Outlook: Pound to Dollar Rate Strengthens amid Return to Upbeat Trade

27 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound to Dollar Rate Strengthens amid Return to Upbeat Trade

The Pound US Dollar exchange climbed on Thursday as a return to cheery trade bolstered the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.3351 down roughly 0.3% from the start of Thursday’s session. The US Dollar (USD) struggled to catch bids against most of its peers on Thursday despite the...

CATEGORIES: Pound Dollar Forecasts

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