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Pound Sterling Forecast Directory - Page #39

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

Pound Sterling Rises vs Euro and Dollar as UK Avoids Tariffs, for Now

3 Feb 2025 at 12 PM - Written by Frank Davies

STORY LINK Pound Sterling Rises vs Euro and Dollar as UK Avoids Tariffs, for Now

The US Dollar (USD) spiked higher against rival currencies such as the Euro (EUR) and Pound (GBP) on Monday following President Trump’s move to impose 25% tariffs on Canada and Mexico. The dollar index jumped to 2-week highs at 109.80 and close to 2-year highs. ING commented; “Unless Donald Trump surprises with a very...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Outlook: GBPEUR Flat following ECB Interest Rate Cut

31 Jan 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound to Euro Outlook: GBPEUR Flat following ECB Interest Rate Cut

Pound Sterling (GBP) was trapped in a narrow range against the Euro (EUR) on Thursday following the publication of the European Central Banks (ECB) latest interest rate decision. At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading at around €1.1951, virtually unchanged from Thursday’s opening levels. On...

CATEGORIES: Euro Forecasts Pound Sterling Forecasts

Pound Sterling Slips vs Euro and Dollar as Tech Selloff Sparks Safe-Haven Demand

29 Jan 2025 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Slips vs Euro and Dollar as Tech Selloff Sparks Safe-Haven Demand

The Pound to Dollar exchange rate (GBP/USD) edged lower on Tuesday as risk-averse sentiment saw investors flock to the safe-haven Greenback. At the time of writing, GBPUSD was trading near $1.2428, down approximately 0.2% from Tuesday’s opening levels. The US Dollar (USD) continued its upward trajectory on Wednesday,...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Rate Hits 1.247 as UK Government Talks up Economy

27 Jan 2025 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Hits 1.247 as UK Government Talks up Economy

The Pound to Dollar exchange rate (GBP/USD) hit 20-day highs just above 1.2520 before settling just above 1.2500. The government’s shift in stance to talk up the economy and put renewed focus on the growth outlook had some impact in supporting Pound sentiment, although there are still important reservations over the near-term...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Pares Gains Against Dollar, Euro as Trump Announces 25% Tariffs

21 Jan 2025 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Pares Gains Against Dollar, Euro as Trump Announces 25% Tariffs

The Pound US Dollar exchange slumped on Tuesday following a tariff announcement from President Trump and the release of the UK’s latest jobs data. At the time of writing, GBP/USD was trading at approximately $1.2245, down roughly 0.7% from the start of Tuesday’s session. On Tuesday, the US Dollar (USD) gained significant...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Recovery Stalls, BoE Rate Cut Seen Inevitable

17 Jan 2025 at 12 PM - Written by Tim Boyer

STORY LINK Pound Sterling Recovery Stalls, BoE Rate Cut Seen Inevitable

Relatively benign US and UK inflation data on Wednesday, coupled with another weak UK GDP release, have provided significant relief for the UK bond market. The UK 10-year yield has settled around 4.74% compared with 16-year highs above 4.90% recorded earlier this week. Although fears surrounding the bond market have eased, the Pound...

CATEGORIES: Pound Sterling Forecasts

FTSE Record High Limits Pound Sterling Selling on UK Retail Sales Setback

17 Jan 2025 at 12 PM - Written by David Woodsmith

STORY LINK FTSE Record High Limits Pound Sterling Selling on UK Retail Sales Setback

Pound Sterling to Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates dipped after weaker than reported retail sales data on Friday, but did manage to stabilise later in the European session. There was net Pound support from gains in equities with the FTSE 100 index posting a record high in early trading following reports of merger...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling and Dollar Today: UK and US Inflation Data Rocks Markets

16 Jan 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling and Dollar Today: UK and US Inflation Data Rocks Markets

Both UK and US inflation data came in slightly cooler than expected. However, the two reports had completely different effects. The pound is higher on Wednesday, while the US dollar is lower. Key inflation data was released in the UK and US on Wednesday. Both reports showed slightly lower than expected readings, and led to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Supported vs Euro, Dollar as UK Inflation Declines

15 Jan 2025 at 1 PM - Written by David Woodsmith

STORY LINK Pound Sterling Supported vs Euro, Dollar as UK Inflation Declines

The Pound to Euro (GBP/EUR) and Pound to Dollar (GBP/USD) exchange rates are seen trading modestly higher on Wednesday, quoted at 1.18672 (+0.16%) and 1.22188 (+0.06%), respectively. After choppy trading in immediate reaction to the latest UK inflation data, the Pound traded marginally stronger as more substantial expectations of a...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Finds Some Breathing Space, GBP/USD Still at Risk of 1.2000

14 Jan 2025 at 9 PM - Written by Frank Davies

STORY LINK Pound Sterling Finds Some Breathing Space, GBP/USD Still at Risk of 1.2000

The Pound hit 14-month lows against the US Dollar, close to 1.2100 on Monday before a rally to 1.2200 as the dollar corrected weaker. A slight easing of the UK political temperature has helped provide Sterling relief. ING is not convinced that the Pound is out of the woods yet; “Things can stabilise in the gilt and GBP markets...

CATEGORIES: Pound Dollar Forecasts

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