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A round up of the latest Pound Sterling forecast news items from the Currency News desk.

Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

19 Oct 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

GBP/CAD Exchange Rate Climbs on Oil Price Downturn The Pound Canadian Dollar (GBP/CAD) exchange rate rose today as the Canadian Dollar (CAD) fell on depreciating oil prices. Conversely, the Pound (GBP) found support on Bank of England (BoE) rate hike expectations alongside an expectation of foreign investment. At the time of...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japanese Industrial Production Dips in July

31 Aug 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japanese Industrial Production Dips in July

GBP/JPY Exchange Rate Rangebound as Japanese Covid-19 Vaccinations Increase The Pound Japanese Yen (GBP/JPY) exchange rate held steady following the release of the latest flash Japanese industrial production figure for July, which fell below forecasts from 23% to 11.6%. The pairing is currently fluctuating around ¥151.20. An official at...

CATEGORIES: Japanese Yen Forecasts Pound Sterling Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Falls as Demand for Safe-Haven USD Increases

6 Apr 2021 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Falls as Demand for Safe-Haven USD Increases

GBP/USD Exchange Rate Fall as Risk-Off Markets Boost Safe-Haven Demand The Pound US Dollar (GBP/USD) exchange rate fell by -0.4% today as demand for the safe-haven US Dollar has risen as Europe suffers from a third-wave of Covid-19. The pairing is currently fluctuating around $1.38. The US Dollar (USD) has benefited from souring...

CATEGORIES: American Dollar Forecasts Dollar Pound Forecasts Pound Sterling Forecasts

GBP/USD Outlook: Pound-Dollar Rises as UK Business and Consumer Confidence Hit Year-Highs

8 Mar 2021 at 3 PM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound-Dollar Rises as UK Business and Consumer Confidence Hit Year-Highs

GBP/USD Exchange Rate Edges Higher on Positive UK Business Morale The Pound to US Dollar (GBP/USD) exchange rate rose today following a bout of upbeat UK economic news. The pairing is currently fluctuating around $1.38. Today saw UK business confidence hit 12-month highs. The BDO’s Services Optimism Index beat forecasts, rising to...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Outlook: GBP/EUR, GBP/USD Exchange Rates Remain Resilient despite UK’s Dire 2020 Growth Rate

12 Feb 2021 at 5 PM - Written by David Woodsmith

STORY LINK Pound Sterling Outlook: GBP/EUR, GBP/USD Exchange Rates Remain Resilient despite UK’s Dire 2020 Growth Rate

Pound Sterling (GBP) Exchange Rates The Pound Sterling (GBP) ended the week on a fairly buoyant note, despite confirmation that 2020 was Britain’s worst year for economic growth in 300 years. Investors are still optimistic about Britain’s outlook due to the nation’s coronavirus vaccine rollout. Many key UK ecostats will be...

CATEGORIES: Pound Sterling Forecasts

GBP to SEK Exchange Rate Reaches 4-Month-Best as Sterling Capitalises on Krona’s Weakness

5 Feb 2021 at 2 PM - Written by John Cameron

STORY LINK GBP to SEK Exchange Rate Reaches 4-Month-Best as Sterling Capitalises on Krona’s Weakness

Despite stronger than expected Swedish data today, the Swedish Krona’s bearish streak continues, and the British Pound to Swedish Krona (GBP/SEK) exchange rate has been able to capitalise on that this week. Investors piled into the Pound on Bank of England (BoE) news yesterday, making it even easier for the bullish Pound to sustain big...

CATEGORIES: Pound Sterling Forecasts

Sharper Decline in Q4 Swedish Growth Spurs Pound Swedish Krona Exchange Rate Rally

1 Feb 2021 at 5 PM - Written by Frank Davies

STORY LINK Sharper Decline in Q4 Swedish Growth Spurs Pound Swedish Krona Exchange Rate Rally

Pound Swedish Krona Exchange Rate Trends Higher on Disappointing Swedish Growth The Pound to Swedish Krona (GBP/SEK) exchange rate rallied sharply as the fourth quarter Swedish gross domestic product proved weaker than forecast. While forecasts had pointed towards the growth rate slowing sharply on both the year and the quarter...

CATEGORIES: Pound Sterling Forecasts

GBP to SEK Exchange Rate Gains on Risk-Sentiment and SEK Weakness

27 Jan 2021 at 4 PM - Written by James Fuller

STORY LINK GBP to SEK Exchange Rate Gains on Risk-Sentiment and SEK Weakness

Despite underwhelming UK data lately and a dire coronavirus infection and death rate, the British Pound to Swedish Krona (GBP/SEK) exchange rate is climbing today. The Pound is benefitting from risk-sentiment, while the Swedish Krona continues to sold on the Riksbank’s recent shifts in monetary policy action. Since opening this week at...

CATEGORIES: Pound Sterling Forecasts

Pound to Japanese Yen Exchange Rate Steady on Hopes for Japanese Economic Recovery

25 Jan 2021 at 3 PM - Written by John Cameron

STORY LINK Pound to Japanese Yen Exchange Rate Steady on Hopes for Japanese Economic Recovery

GBP/JPY Exchange Rate Rangebound as Outlook Improves for Japanese Economy The Pound to Japanese Yen exchange rate held steady today, with the pairing currently fluctuating around ¥142.000. The Japanese Yen benefited from news that Japan’s economy could recover to levels seen before the Covid-19 pandemic as early as this March. Bank...

CATEGORIES: Japanese Yen Forecasts Pound Sterling Forecasts

Pound Swedish Krona (GBP/SEK) Exchange Rate Heads Back Towards Lows as UK Economic Growth Slows

10 Dec 2020 at 4 PM - Written by Frank Davies

STORY LINK Pound Swedish Krona (GBP/SEK) Exchange Rate Heads Back Towards Lows as UK Economic Growth Slows

Slowing UK Gross Domestic Product Fuels Pound Swedish Krona (GBP/SEK) Exchange Rate Losses The Pound to Swedish Krona (GBP/SEK) exchange rate took a fresh leg lower as October’s monthly UK gross domestic product showed a sharp slowdown. Growth eased from 1.1% to 0.4% on the month at the start of the fourth quarter, pointing towards a...

CATEGORIES: Pound Sterling Forecasts

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