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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.

Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

17 Nov 2024 at 2 PM - Written by Tim Boyer

STORY LINK Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

The underlying dynamics remain intact in global markets and the dollar has continued to make gains with the currency index hitting 12-month highs. There are expectations that policies under the incoming Trump Administration will lead to a stronger dollar through higher interest rates and aggressive trade policies. The Republicans have...

CATEGORIES: Pound Dollar Forecasts

US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook

14 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook

The Pound to Dollar (GBP/USD) exchange rate found support around 1.2730 on Wednesday, just above 3-month lows at 1.2720 recorded on Tuesday and recovered to 1.2755 after the latest US inflation data with an element of profit taking on long dollar positions. Politically, the Trump appointments so far have reinforced expectations of...

CATEGORIES: Pound Dollar Forecasts

Bank of England: Pound Sterling Higher as BoE On Track for Gradual Rate Cuts

13 Nov 2024 at 7 AM - Written by Tim Boyer

STORY LINK Bank of England: Pound Sterling Higher as BoE On Track for Gradual Rate Cuts

After hitting 31-month highs just above 1.2100 on Monday, the Pound to Euro (GBP/EUR) exchange rate has corrected to 1.2070, but found buyers near 1.2050. Overall yield spreads will continue to underpin GBP/EUR, especially if the Bank of England maintains a cautious stance on lowering interest rates. The Euro also remains vulnerable...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower

11 Nov 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower

The Pound to Dollar (GBP/USD) exchange rate has dipped to 1.2875 from above 1.2900 on Monday amid another round of dollar strength. In the short term, traders will focus on 12-week lows near 1.2835 posted in immediate reaction to Trump’s victory last week. As far as the UK is concerned, the latest labour-market data is due on...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Gains on Inflation Warnings and Slow Pace of Cuts

8 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Gains on Inflation Warnings and Slow Pace of Cuts

The Bank of England (BOE) Monetary Policy Committee (MPC) cut interest rates by 25 basis points to 4.75% which was in line with strong consensus forecasts. There was an 8-1 decision for the cut with Mann voting to hold rates at 5.00%. The Pound had drifted lower into the announcement and there were significant gains after the...

CATEGORIES: Pound Dollar Forecasts

Bank of England: Pound Sterling Higher vs Euro, Dollar as UK Interest Rates Cut

8 Nov 2024 at 8 AM - Written by David Woodsmith

STORY LINK Bank of England: Pound Sterling Higher vs Euro, Dollar as UK Interest Rates Cut

The BoE curt rates by 25bps. This was expected and the pound actually rose slightly against the euro. The budget seems to have tempered the bank’s plans to shift more dovish and get “more aggressive” with rate cuts as Governor Bailey suggested they might last month. Markets only expect 3 more cuts. This is bullish for the...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Braced for Huge Overnight Swings on US Election Result

6 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Braced for Huge Overnight Swings on US Election Result

Currency markets are relatively calm on Tuesday as traders await the US election results, but there are expectations of high volatility once results start to be projected. The Federal Reserve and Bank of England (BoE) interest rate decisions will also be important background influences. The dollar has drifted lower, but the Pound to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Slides to 2-Week Lows vs Euro on ECB Re-Think

3 Nov 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Slides to 2-Week Lows vs Euro on ECB Re-Think

The Pound to Euro (GBP/EUR) exchange rate was subjected to very choppy trading following the budget and dipped to 2-week lows near 1.1935. Following the latest Euro-Zone data and UK budget, expectations of ECB and Bank of England (BoE) interest rate cuts have both been scaled back. Markets still expect a BoE rate cut in November,...

CATEGORIES: Pound Euro Forecasts

UK Budget Analysis: FX Markets and Pound Nervous Following Jump in Bond Yields

31 Oct 2024 at 7 AM - Written by Tim Boyer

STORY LINK UK Budget Analysis: FX Markets and Pound Nervous Following Jump in Bond Yields

In the UK budget, Chancellor Reeves announced a £40bn package of tax increases. According to the Institute of Fiscal Studies (IFS) this is the second largest fiscal tightening on record. There will be substantial increases in spending and government borrowing will also be increased sharply. There was an initial decline in bond...

CATEGORIES: Pound Sterling Forecasts

UK 2024 Autumn Budget and Strong Eurozone GDP Spark Pound to Euro Exchange Rate Losses

31 Oct 2024 at 7 AM - Written by James Fuller

STORY LINK UK 2024 Autumn Budget and Strong Eurozone GDP Spark Pound to Euro Exchange Rate Losses

The Pound Euro (GBP/EUR) exchange rate dropped on Wednesday, with strong Eurozone data and the UK budget impacting the pairing. At the time of writing, GBP/EUR traded at €1.1978, down 0.4% on the day. The British Pound (GBP) dropped on Wednesday following Chancellor Rachel Reeves's presentation of the highly anticipated Autumn...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts

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