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Pound Sterling Forecast Directory - Page #43

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

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

Pound Sterling Tanks 1.13% lower as US Dollar Steamrolls Higher

9 Jan 2025 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Tanks 1.13% lower as US Dollar Steamrolls Higher

GBPUSD is –1.13% lower on Wednesday as the US dollar steamrolls higher. The yield on UK gilts is spiking higher and the 30-year made 25-year highs. Yields are also higher in the US and other countries as inflation bounces back and data improves. Volatility has stayed high this year and Tuesday was yet another wild session....

CATEGORIES: Pound Dollar Forecasts

Pound Sterling: Damage to Technical Outlook say Analysts

3 Jan 2025 at 3 PM - Written by Frank Davies

STORY LINK Pound Sterling: Damage to Technical Outlook say Analysts

The British Pound Sterling (currency:GBP) came under sustained pressure on Thursday, with the pound-to-dollar (GBP/USD) exchange rate sliding to 8-month lows just above 1.2350. European currencies were sold heavily overall, while the dollar maintained a strong tone. The Pound also continued its dismal new-year run with GBP/USD...

CATEGORIES: Pound Dollar Forecasts

British Pound Sterling Slides Against Euro and Dollar on 2025 UK Stagnation Fears

2 Jan 2025 at 11 AM - Written by David Woodsmith

STORY LINK British Pound Sterling Slides Against Euro and Dollar on 2025 UK Stagnation Fears

The British Pound weakened at the start of 2025, while the US Dollar made further headway against European currencies. The Pound to Euro (GBP/EUR) exchange rate retreated to 1.2040 while the Pound to Dollar (GBP/USD) exchange rate dipped to 7-month lows at 1.2470. There are increased market concerns that the UK economy will struggle...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling Dips Against Euro and Dollar on Surprise BoE Vote Split

20 Dec 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Dips Against Euro and Dollar on Surprise BoE Vote Split

A narrower-than-expected Bank of England (BoE) vote in favour of holding interest rates at 4.75%, triggered a Pound sell-off on Thursday. The Pound was also undermined overnight by wider dollar gains. A hawkish Fed statement had help cut market expectations of a February BoE cut to below 50%, but this was reversed after the BoE...

CATEGORIES: Pound Dollar Forecasts Pound Euro 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

GBP/USD Today: Pound Sterling Flat vs. US Dollar Following US Inflation Print

12 Dec 2024 at 7 AM - Written by James Fuller

STORY LINK GBP/USD Today: Pound Sterling Flat vs. US Dollar Following US Inflation Print

The Pound US Dollar exchange rate treaded water on Wednesday following the release of the US’s latest consumer price index (CPI). On Wednesday, the US Dollar (USD) fluctuated broadly against other major currencies, gaining ground against its riskier counterparts due to cautious market sentiment, however, was mostly subdued...

CATEGORIES: Pound Dollar Forecasts

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