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Pound Sterling Forecast Directory - Page #42

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

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

Pound Sterling Falls vs Dollar and Euro Ahead of Next US Data

14 Jan 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Falls vs Dollar and Euro Ahead of Next US Data

The Pound US Dollar exchange rate dropped significantly on Monday as ongoing concerns over the UK’s bond market continued putting pressure on the British currency. The British Pound (GBP) faced further decline and continued on its downward trend against most major currencies. The British currency remained under significant...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213

13 Jan 2025 at 1 PM - Written by David Woodsmith

STORY LINK Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213

The British Pound Sterling came under renewed pressure on Monday as sellers looked to trigger further pressure and position liquidation. The Pound to Dollar (GBP/USD) exchange rate has slumped to fresh 14-month lows at 1.2110. ING had expected GBP/USD support around 1.2250 but now expects that there will be a further slide to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Slides vs Dollar After US Jobs Data

12 Jan 2025 at 8 PM - Written by Tim Boyer

STORY LINK Pound Sterling Slides vs Dollar After US Jobs Data

Stronger-than-expected US data triggered a fresh surge in US and global bond yields on Friday. Higher yields triggered fresh gains in the dollar and there were further concerns surrounding the UK outlook as yields also jumped towards 16-year highs. The Pound to Dollar (GBP/USD) exchange rate slumped to 14-month lows just below...

CATEGORIES: Pound Dollar Forecasts

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

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