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Pound Sterling Forecast Directory - Page #41

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

Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar

14 Feb 2025 at 9 AM - Written by Tim Boyer

STORY LINK Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar

The British Pound spiked higher against the Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates on the headline UK GDP data but failed to hold the gains as the details within the data were notably less favourable and reinforced reservations over the underlying outlook. ING commented, “Fourth-quarter UK GDP wasn't as bad as it could...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Mann Inflation U-Turn Curbs Pound Sterling Support

11 Feb 2025 at 4 PM - Written by Ben Hughes

STORY LINK Mann Inflation U-Turn Curbs Pound Sterling Support

The Pound to Dollar exchange rate (GBP/USD) retreated to 1-week lows at 1.2335 after dovish comments from BoE member Mann before a tentative recovery to 1.2365 as choppy conditions persisted. According to ING; “1.2250 looks like the near-term target for GBP/USD.” Danske Bank, however, expects the dollar will struggle for now;...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Under Pressure vs EUR and USD as BoE Speeches to Clarify Dovish Shift

11 Feb 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Under Pressure vs EUR and USD as BoE Speeches to Clarify Dovish Shift

Monday’s session on foreign exchange rate markets has been volatile for the third week in a row as more tariff news hits the headlines. The pound sterling is slightly lower following last week’s BoE meeting and the dovish shift in voting patterns. Both Governor Bailey and MPC member Catherine Mann are due to speak on Tuesday...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Bank of England: GBP Losses vs EUR and USD, Markets Expect Three More Rate Cuts in 2025

6 Feb 2025 at 9 PM - Written by Ben Hughes

STORY LINK Bank of England: GBP Losses vs EUR and USD, Markets Expect Three More Rate Cuts in 2025

Pound Sterling traded lower against the Euro and US Dollar into the Bank of England (BoE) decision, not helped by a weaker-than-expected reading for the construction PMI index. Sterling dipped sharply following the BoE cut to 4.50% with markets considering that there is scope for more rate cuts this year. Markets are now pricing in...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling in Freefall Against Dollar and Euro Following BoE Rate Cut

6 Feb 2025 at 8 PM - Written by Frank Davies

STORY LINK Pound Sterling in Freefall Against Dollar and Euro Following BoE Rate Cut

The Pound US Dollar exchange rate plunged on Thursday following the Bank of England’s (BoE) latest interest rate decision. At the time of writing, GBP/USD was trading at approximately $1.2411, up roughly 0.4% from the start of Thursday’s session. Pound (GBP) Tanks as BoE Cut Rates On Thursday, the Pound (GBP) weakened against...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling is a Buy: UK Looks to Dodge Trump’s Trade Wars

5 Feb 2025 at 7 AM - Written by Ben Hughes

STORY LINK Pound Sterling is a Buy: UK Looks to Dodge Trump’s Trade Wars

Risk appetite rebounded strongly during Monday’s New York session as the immediate threat of US tariffs on Mexico and Canada was withdrawn. This positive impact on risk was offset in Asia as the additional 10% tariffs on Chinese exports to the US went into effect with markets also expecting action against the EU. The Pound overall...

CATEGORIES: Pound Sterling Forecasts

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

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