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American Dollar Forecast Directory - Page #111

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

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

Pound US Dollar Exchange Rate Edges Higher following UK PMI data

6 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Edges Higher following UK PMI data

The Pound US Dollar exchange rate gained ground on Tuesday following the publication of the UK’s latest PMI data. At the time of writing, GBP/USD was trading at approximately $1.2985, up roughly 0.2% from the start of Tuesday’s session. The Pound (GBP) rose against most currencies on Tuesday, bolstered by a better-than-expected...

CATEGORIES: Pound Dollar Forecasts

Dollar Dips as Trump Trades Scaled Back, Big Week for Pound

4 Nov 2024 at 5 PM - Written by Tim Boyer

STORY LINK Dollar Dips as Trump Trades Scaled Back, Big Week for Pound

This will be a hugely important week for all asset classes, including the Pound, with the US election, Federal Reserve meeting and Bank of England (BoE) rate call. There is still a high degree of uncertainty over the US elections with markets remaining in a state of flux over the Presidential and Congressional outcomes, when the result...

CATEGORIES: Pound Dollar Forecasts

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