Pound Sterling forecast - gbp pound sterling pound sterling

The dollar has recovered ground with the Pound to Dollar (GBP/USD) exchange rate below 1.3100 and close to 2-week lows. Following the key US jobs data and Federal Reserve comments, sentiment has shifted towards a smaller 25 basis-point US interest rate cut at next week’s policy meeting. This shift has supported the dollar with...

The Pound has been hampered by weaker global risk conditions amid a sharp dip in equity markets, although the currency overall has been broadly resilient. The Pound to Euro (GBP/EUR) exchange rate found support at 1-week lows below 1.1860 and secured a tentative recovery to 1.1870. Risk conditions will remain important for the Pound...

After a strong performance on Tuesday, the Pound lost ground after the latest UK inflation data with the slightly lower than expected print increasing expectations of a further near-term Bank of England (BoE) interest rate cut. The Pound to Euro (GBP/EUR) exchange rate dipped to near 1.1670 from 1.1700 and after hitting 1-week highs at...

The Pound posted significant gains after the latest UK labour-market data with the Pound to Dollar (GBP/USD) exchange rate hitting 1-week highs just above 1.2800. US and UK inflation data over the next day will be crucial for US interest rate expectations, risk appetite and the Pound. The UK unemployment rate declined to 4.2% in the...

The Pound to Euro (GBP/EUR) exchange rate has been held in narrow ranges with no further attack on the 1.1900 level and settled little changed around 1.1875. There are growing concerns that global speculators have piled into the UK currency which will leave the currency vulnerable to a sharp correction if the hot money flows out again....

The Pound has maintained a robust tone in global markets with the Pound to Dollar (GBP/USD) exchange rate hitting 11-month highs just below the crucial 1.3000 level. US politics and UK inflation data will be very important elements this week. There has been no major reaction to the assassination attempt on former President Trump...

The Pound to Dollar exchange rate is trading close to 3-week highs ahead of major economic and political developments on both sides of the Atlantic. After the weekend, there will be a new UK government and the possibility of a new US Democrat Presidential candidate which will cause a major shift in political dynamics. UoB commented;...

The BoE kept rates on hold as expected. While there was no commitment to a cut in August, the tone was dovish and markets are now 60% pricing it in. Elsewhere, the SNB surprised markets by making a second cut in a row. Thursday’s session brought two major central bank meetings from the Bank of England and the Swiss National Bank....

The Pound lost ground on Thursday as Bank of England (BoE) rhetoric increased market bets on an August rate cut. The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2680 and not far above 5-week lows while the Pound to Euro (GBP/EUR) exchange rate retreated to 1.1830 from earlier highs above 1.1850. Solid risks conditions...

There was a muted reaction to the mixed UK labour-market data, but markets considered that an August Bank of England (BoE) rate hike was slightly more likely. The Pound edged lower, but the Pound to Dollar (GBP/USD) exchange rate held above June lows below 1.2700 and traded around 1.2725. Activity is likely to be relatively limited...