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American Dollar Forecast Directory - Page #112

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

Pound to US Rate News, Outlook: GBP/USD Fluctuates on US ISM Services PMI

6 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to US Rate News, Outlook: GBP/USD Fluctuates on US ISM Services PMI

The Pound US Dollar exchange rate firmed on Thursday following the latest ISM services PMI data from the US. At the time of writing, GBP/USD was trading at approximately $1.3158, roughly up 0.2% from the start of Thursday's session. The Pound (GBP) remained steady against the majority of its counterparts on Thursday despite a lull...

CATEGORIES: Pound Dollar Forecasts

Pound Dollar Exchange Rate Surges as US Jobs Data Falls Short

5 Sep 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Dollar Exchange Rate Surges as US Jobs Data Falls Short

The Pound US Dollar (GBP/USD) exchange rate climbed higher on Wednesday, driven by disappointing US employment data. At the time of writing, GBP/USD was trading around $1.3156, marking an approximate 0.3% increase from the day’s opening levels. The US Dollar (USD) slumped on Wednesday following the release of a...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Stalls Ahead of Key US Data Releases

4 Sep 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Stalls Ahead of Key US Data Releases

After quiet conditions on Monday with the US markets closed for the Labor Day holiday, the Pound to Dollar (GBP/USD) exchange rate retreated to 10-day lows near 1.3100 on Tuesday before settling around 1.3120. Pound sentiment overall remains firm with hopes for solid growth, although US data releases are likely to dominate this...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate: GBP/USD Wavers despite US Manufacturing Slump

4 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate: GBP/USD Wavers despite US Manufacturing Slump

The Pound US Dollar (GBP/USD) exchange rate moved without a clear direction on Tuesday despite a weaker-than-forecast US ISM manufacturing. This saw the GBP/USD exchange rate trade at around $1.3141 at the time of writing, virtually unchanged from the day’s opening levels. The Pound (GBP) faced headwinds on Monday as cautious...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Flat following UK Manufacturing PMI

3 Sep 2024 at 10 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Flat following UK Manufacturing PMI

The Pound US Dollar (GBP/USD) exchange rate remained stable on Monday after the UK's final manufacturing PMI for August was released. At the time of writing, the GBP/USD was trading at around $1.3134, virtually unchanged from Monday’s opening levels. Pound (GBP) Holds Steady following Manufacturing PMI The Pound (GBP) held...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Are Gains above 1.30 Sustainable?

2 Sep 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Are Gains above 1.30 Sustainable?

The Pound to Dollar (GBP/USD) exchange rate surged to 28-month highs above 1.32 in the latest week before a limited correction to around 1.3150. A key market debate is whether these levels are justified. According to HSBC; “one could make the case that GBP-USD should be trading below 1.25 rather than above 1.30 if we look at the...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Consolidates: Contrasting Central Bank Talk Triggers Further Pound Buying

26 Aug 2024 at 5 PM - Written by Frank Davies

STORY LINK Pound to Dollar Consolidates: Contrasting Central Bank Talk Triggers Further Pound Buying

The dollar dipped sharply following Fed Chair Powell’s comments on Friday while Bank of England Governor Bailey continued to preach caution over the potential for notable rate cuts. The Pound to Dollar (GBP/USD) exchange rate hit 27-month highs at 1.3230 before a limited correction to 1.3200 on Monday. UK markets are closed for...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Positive Sterling Sentiment Dominates

26 Aug 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Positive Sterling Sentiment Dominates

Bank of America (BoA) forecasters expect that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.35 at the end of 2024 with further gains to 1.41 at the end of next year. According to BoA, GBP/USD has rallied through resistance from its long-term downtrend twice this summer implying a trend change.” Danske Bank...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Rate Consolidates near 13-Month Best

23 Aug 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Consolidates near 13-Month Best

After sliding on Tuesday, the dollar has caught its breath in global markets, but secured only a limited correction with the dollar index (DXY) slightly above 8-month lows. The Pound to Dollar (GBP/USD) exchange rate posted sharp gains to 13-month highs fractionally above 1.3050 before a limited correction to 1.3020. US currency...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: GBP/USD Creeps Towards August Best

18 Aug 2024 at 4 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: GBP/USD Creeps Towards August Best

UK GDP data was in line with market expectations with US data and Federal Reserve interest rate expectations set to dominate markets. The Pound to Dollar (GBP/USD) exchange rate traded just above 1.2850 as UK sentiment held firm. Markets remain extremely confident that the Federal Reserve will cut interest rates in September, although...

CATEGORIES: Pound Dollar Forecasts

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