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American Dollar Forecast Directory - Page #147

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

Pound Australian Dollar (GBP/AUD) Exchange Rate Firms as UK Dodges Recession

12 May 2023 at 2 PM - Written by John Cameron

STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Firms as UK Dodges Recession

Pound Australian Dollar (GBP/AUD) Exchange Rate Firms as UK Dodges Recession The Pound Australian Dollar (GBP/AUD) exchange rate firmed on Friday, as the UK was found to have avoided a recession in Q1. At the time of writing, GBP/AUD traded at around AU$1.8715, a rise of roughly 0.2% from Friday’s opening rates. Pound (GBP)...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as UK Economy Contracted

12 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as UK Economy Contracted

Pound (GBP) Undermined by Shaky Economic Growth The Pound (GBP) failed to find a clear direction on Friday in the wake of mixed GDP growth data. A surprise monthly contraction offset a mild quarterly expansion as the UK economy continues to battle the cost-of-living crisis. The Office for National Statistics (ONS) reported that the UK...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Slips as BoE Signals Inflation set to Cool

11 May 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Slips as BoE Signals Inflation set to Cool

Pound US Dollar (GBP/USD) Exchange Rate Tumbles Following BoE Interest Rate Decision The Pound US Dollar (GBP/USD) exchange rate slumped on Thursday. The pairing was pulled lower by signals of cooling UK inflation from Bank of England (BoE) Governor Andrew Bailey following the central bank’s interest rate decision. The exchange rate...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Rangebound Ahead of US Inflation Data

10 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Rangebound Ahead of US Inflation Data

US Dollar (USD) Choppy Ahead of Crucial Inflation Data The US Dollar (USD) endured mixed trading conditions on Wednesday as investors move to the sidelines in anticipation of key headline CPI data. With inflation set to remain unchanged at 5% after nine consecutive months of cooling CPI readings, a softer-than-expected reading could...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows amid Downbeat Market Mood

10 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows amid Downbeat Market Mood

Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows amid Downbeat Market Mood The Pound Australian Dollar (GBP/AUD) exchange rate traded in narrow boundaries during Wednesday’s European session, as a bearish market mood sapped sentiment towards both currencies. At the time of writing, GBP/AUD traded at around AU$1.8675, showing...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as Strong UK Retail Sales Offset by Souring Market Mood

9 May 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as Strong UK Retail Sales Offset by Souring Market Mood

Pound (GBP) Supported by Strong Retail Growth The Pound (GBP) found itself climbing against many of its peers on Tuesday in the wake of stronger-than-expected retail sales figures from the British Retail Consortium (BRC). Against expectations of a 4.9% YoY increase in April, figures showed sales increased 5.2% compared to April last...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Weakens amid Hawkish RBA Rhetoric

5 May 2023 at 11 AM - Written by John Cameron

STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Weakens amid Hawkish RBA Rhetoric

Pound Australian Dollar (GBP/AUD) Exchange Rate Weakens amid Hawkish RBA Rhetoric The Pound Australian Dollar (GBP/AUD) exchange rate weakened on Friday, as a hawkish statement from the Reserve Bank of Australia (RBA) prompted elevated rate hike bets. At the time of writing, GBP/AUD traded at around AU$1.8742, a fall of around 0.3%...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Rangebound as UK Service Sector Growth Climbs to 12-Month High

4 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Rangebound as UK Service Sector Growth Climbs to 12-Month High

Pound US Dollar (GBP/USD) Exchange Rate Trades Narrowly amid Cautious Market Mood The Pound US Dollar (GBP/USD) exchange rate trended sideways on Thursday. Evidence of strong performance in the UK services sector and Bank of England (BoE) rate hike bets limited the pairing’s downturn. On the other hand, a retreat in global risk...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Climbed as Markets Brace for Fed Interest Rate Decision

3 May 2023 at 2 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Climbed as Markets Brace for Fed Interest Rate Decision

US Dollar (USD) Undermined by Expectations of Final Rate Hike The US Dollar (USD) struggled for demand, despite expectations of a 25bps interest rate hike at the Federal Reserve policy meeting late on Wednesday. But with many believing it to be the final rate hike before a pause, the ‘Greenback’ lost demand. Jim Grant, founder and...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Strengthens as Profit Taking Dents AUD

3 May 2023 at 11 AM - Written by John Cameron

STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Strengthens as Profit Taking Dents AUD

Pound Australian Dollar (GBP/AUD) Exchange Rate Strengthens as Profit Taking Dents AUD The Pound Australian Dollar (GBP/AUD) strengthened on Wednesday, as the Australian Dollar (AUD) was stricken by profit taking. Furthermore, the market mood appeared to favour GBP. At the time of writing, GBP/AUD traded at around AU$1.8781, a rise of...

CATEGORIES: Pound Australian Dollar Forecasts

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