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American Dollar Forecast Directory - Page #121

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

Pound to Dollar: "Current Levels Attractive to Stay Short GBP/USD" say Danske Bank

23 Mar 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: "Current Levels Attractive to Stay Short GBP/USD" say Danske Bank

The Pound to Dollar exchange rate (GBP/USD) briefly jumped to 1-week highs at 1.2800 after the Federal Reserve policy decision, but failed to hold the gains. A limited dovish shift by the Bank of England pulled the Pound lower and the dollar also fought back in global markets amid expectations of European interest rate cuts. In...

CATEGORIES: Pound Dollar Forecasts

HSBC Sterling Outlook: "Little justification for this (pound) performance (in 2024)"

21 Mar 2024 at 4 PM - Written by David Woodsmith

STORY LINK HSBC Sterling Outlook: "Little justification for this (pound) performance (in 2024)"

The latest UK inflation data did not trigger a major shift in Bank of England (BoE) expectations or the Pound and markets are now looking to see whether the Federal Reserve policy statement and press conference can lead to a breakout. The Pound to Dollar (GBP/USD) exchange rate found support below 1.2700 and traded just above this...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

20 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

The Pound has been unable to make headway against major currencies on Tuesday and will be vulnerable to further losses if Wednesday’s UK inflation data is weaker than expected. The dollar has also held a firm tone with the currency index strengthening to 2-week highs. In this environment, the Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

19 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Pound to Dollar Week Ahead Forecast: 1.30 in Nine Months say ING

17 Mar 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: 1.30 in Nine Months say ING

Currency exchange strategists at ING see scope for the Pound to Dollar exchange rate (GBP/USD) to advance to 1.30 at the end of 2024 as the dollar loses ground. RBC Capital Markets expects a retreat to 1.24 as the Pound is unable to make any headway. Federal Reserve (Fed) and Bank of England (BoE) policy decisions will be crucial in...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: FX Markets Continue to Fret Over US Inflation Trends

15 Mar 2024 at 11 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: FX Markets Continue to Fret Over US Inflation Trends

The Pound to Dollar exchange rate (GBP/USD) edged higher to 1.2820 ahead of the New York open before drifting lower. GBP/USD retreated further to 1.2760 after the US data releases as markets continued to fret over US inflation trends. The overall market moves were still relatively limited with markets focussing on the Federal...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Near 1.28 on Mixed Sterling Sentiment

13 Mar 2024 at 10 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Near 1.28 on Mixed Sterling Sentiment

The Pound to Dollar exchange rate (GBP/USD) found support close to 1.2750 on Tuesday and rallied to test the 1.2800 level and traded close to this level on Wednesday. The dollar was resilient while the Pound was supported by firm risk conditions with the UK FTSE 100 index looking to build on Tuesday’s 1.0% gains. A break above...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data

13 Mar 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Attempts to Regain 1.2800

13 Mar 2024 at 10 AM - Written by Frank Davies

STORY LINK GBP/USD Attempts to Regain 1.2800

The dollar spiked higher in immediate reaction to the stronger-than-expected consumer prices data, but it failed to hold the gains. The Euro to Dollar (EUR/USD) exchange rate dipped to near 1.09 before a rebound to around 1.0940. After losses following the UK wages data, the Pound to Dollar (GBP/USD) exchange rate also slumped to...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate "Dip in Cable Retains a Corrective Look" say Analysts

12 Mar 2024 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate "Dip in Cable Retains a Corrective Look" say Analysts

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading...

CATEGORIES: Pound Dollar Forecasts

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