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

Crisis or Storm in a Teacup, Pound Consolidates vs Euro and Dollar

10 Jan 2025 at 12 PM - Written by Tim Boyer

STORY LINK Crisis or Storm in a Teacup, Pound Consolidates vs Euro and Dollar

The Pound to Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates traded around 1.23118 and 1.19443 respectively on Friday. The UK will not be impacted in isolation as sustained increase in global bond yields will have a negative impact on all major economies. Jim Reid, market strategist at Deutsche Bank, commented; “even...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Steadies Against Euro, Dollar but Analysts Warn of Further Downside

10 Jan 2025 at 11 AM - Written by David Woodsmith

STORY LINK Pound Sterling Steadies Against Euro, Dollar but Analysts Warn of Further Downside

The Pound to Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates slumped on Thursday as fears over the UK’s borrowing costs continued to undermine Sterling. Pound Sterling weakened once again against most of its major counterparts, as concerns over rising UK borrowing costs continued to weigh on the British currency. In...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Slumps vs euro and Dollar on Truss 2.0 Sell-off

9 Jan 2025 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Slumps vs euro and Dollar on Truss 2.0 Sell-off

The Pound to Euro (GBP/EUR) and Pound to Dollar (GBP/USD) exchange rates posted sharp losses on Wednesday and there was further selling pressure in Asia on Thursday. The Pound to Dollar rate dipped sharply to 13-month lows at 1.2240 before a recovery to near 1.2300. MUFG commented; “Overall, the unfavourable market developments...

CATEGORIES: Pound Sterling Forecasts

British Pound Drifts Lower Against Euro and Dollar After UK Inflation Data

19 Dec 2024 at 11 AM - Written by Frank Davies

STORY LINK British Pound Drifts Lower Against Euro and Dollar After UK Inflation Data

The Pound Sterling (GBP) drifted lower against the Euro (EUR) nd U.S. Dollar (USD) after the latest UK inflation data. Although very close to expectations, markets were slightly more optimistic that there would be scope for more than two rate cuts next year. There are also expectations that the Federal Reserve will accompany a US rate...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Jumps vs Euro and Dollar on UK Wages Rebound

18 Dec 2024 at 9 AM - Written by Tim Boyer

STORY LINK Pound Sterling Jumps vs Euro and Dollar on UK Wages Rebound

Stronger-than-expected UK wages triggered a jump in the Pound on Tuesday while another weaker German data release undermined the Euro. The Pound to Euro (GBP/EUR) exchange rate jumped back above the 1.2100 level from 1.2065. The latest UK inflation data on Wednesday will cause further Pound volatility. The Pound to Dollar...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Drops Against Euro and Dollar Amid Second Month of Economic Contraction

13 Dec 2024 at 10 AM - Written by Frank Davies

STORY LINK Pound Sterling Drops Against Euro and Dollar Amid Second Month of Economic Contraction

The Pound Sterling fell against the Euro and US Dollar following the latest UK GDP data release on Friday. The Pound to Dollar (GBP/USD) exchange rate dipped to 10-day lows at 1.2620 while the Pound to Euro (GBP/EUR) exchange rate retreated to 1.2065, well below 33-month highs of 1.2150 recorded earlier in the week. According to the...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Buffeted by Multiple Global Tensions, December Trades Keep GBP Afloat

3 Dec 2024 at 12 PM - Written by Frank Davies

STORY LINK Pound Sterling Buffeted by Multiple Global Tensions, December Trades Keep GBP Afloat

There have been mixed dollar influences over the past 24 hours. The clash of global economic and political elements, allied with seasonal pressures, will lead to high volatility. Seasonal trends of firm equities and dollar vulnerability will tend to underpin the Pound, but these factors could be offset by multiple global elements ahead...

CATEGORIES: Pound Sterling Forecasts

Calm Before the Storm, Pound Sterling Holds Firm on Thanksgiving Day

1 Dec 2024 at 2 PM - Written by David Woodsmith

STORY LINK Calm Before the Storm, Pound Sterling Holds Firm on Thanksgiving Day

Relative calm has descended on markets with the US Thanksgiving Holiday curbing trading volumes, although there are still major underlying uncertainties and tensions with high volatility liable to return quickly. The Pound to Euro (GBP/EUR) exchange rate has edged above the 1.2000 level in narrow ranges. The Pound to Dollar...

CATEGORIES: Pound Sterling Forecasts

Bank of England in Wait and See Mode

20 Nov 2024 at 9 AM - Written by Tim Boyer

STORY LINK Bank of England in Wait and See Mode

BoE in Wait and See Mode, GBP/USD Trapped Near 6-Month Lows Ahead of Inflation Data The Pound to Dollar (GBP/USD) exchange rate has managed to hold above 6-month lows just below 1.2600 recorded late last week, but has struggled to make significant headway. According to ING; “We see no reason for a large dollar correction at the...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Strengthens as UK Inflation Jumps to 2.3%

20 Nov 2024 at 9 AM - Written by Frank Davies

STORY LINK Pound Sterling Strengthens as UK Inflation Jumps to 2.3%

UK inflation is bouncing back, and Wednesday’s readings were higher than expected. Sterling is up around +0.25% against the euro. The data is not likely to lead to major changes in BoE policy, but it does put a December cut in doubt. Markets have entered a post-election pause ahead of the US holiday season, which starts on...

CATEGORIES: Pound Sterling Forecasts

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