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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 Edges Higher into UK Budget, GBP/USD Re-Tests 1.30

29 Oct 2024 at 8 PM - Written by David Woodsmith

STORY LINK Pound Sterling Edges Higher into UK Budget, GBP/USD Re-Tests 1.30

The Pound to Dollar (GBP/USD) exchange rate found support above 1.2950 on Tuesday and rallied to test the 1.3000 level after the New York open as the dollar retreated after the batch of US data, but failed to make a decisive break higher. According to Scotiabank; “gains through 1.2995/00 could still see the pound extend to the...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Edges Lower vs Euro, Dollar Ahead of UK Budget

28 Oct 2024 at 2 PM - Written by Tim Boyer

STORY LINK Pound Sterling Edges Lower vs Euro, Dollar Ahead of UK Budget

The Pound to Euro (GBP/EUR) exchange rate has drifted just below the 1.2000 level. Oil prices slumped on Monday as the Israeli strike on Iran avoided oil infrastructure, and this provided net Euro support in global markets. Domestically, markets will be focussing on the crucial UK budget. Rabobank is wary over near-term fiscal...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling: UK Data Damages GBP/USD Rally Attempt from 10-Week Lows

25 Oct 2024 at 1 PM - Written by Frank Davies

STORY LINK Pound Sterling: UK Data Damages GBP/USD Rally Attempt from 10-Week Lows

The Pound to Dollar (GBP/USD) exchange rate dipped sharply to 10-week lows just above 1.2900 on Wednesday before a tentative recovery to 1.2955. Weaker than expected UK business confidence data hampered the Pound, but the dollar retreated from 10-week highs amid a decline in US yields which provided some GBP/USD respite. UK yields...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Climbs

25 Oct 2024 at 1 PM - Written by Frank Davies

STORY LINK Pound US Dollar Exchange Rate Climbs

The Pound US Dollar exchange firmed on Thursday following the publication of the latest US and UK PMI indices. At the time of writing, GBP/USD was trading at approximately $1.2972, up roughly 0.4% from the start of Thursday’s session. The Pound (GBP) gained ground against most currencies on Thursday despite the release of some...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows

23 Oct 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows

The dollar has maintained a strong tone in global markets amid a further increase in US bond yields with weaker UK equities also a negative factor. The Pound to Dollar (GBP/USD) exchange rate remained on the defensive, traded around 1.2990 and near 2-month lows. According to UoB; “The likelihood of GBP breaking clearly below...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

22 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

The Pound US Dollar exchange rate ticked lower on Monday as a safe-haven dash undermined the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.3018, down roughly 0.2% from the start of Monday’s session. US Dollar (USD) Supported by Downbeat Trade The US Dollar (USD) captured investors focus on...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious

15 Oct 2024 at 9 AM - Written by Ben Hughes

STORY LINK Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious

Employment data in the UK was mixed and won’t swing market bias far from where it is already. Wage growth remains a hurdle to aggressive cuts from the BoE. CPI on Wednesday could be more important in shaping policy. Tuesday’s main event came early in the session with the release of the UK employment report. Headlines will...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Watching UK Fiscal Policy Closely, GBP/EUR Braced

10 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Watching UK Fiscal Policy Closely, GBP/EUR Braced

The Pound to Euro (GBP/EUR) exchange rate found support below 1.19 on Tuesday and has settled around 1.1935, just below the middle of the trading range seen over the past 20 days. Overall risk conditions will be very important in the short term with major global events in focus and the potential for high volatility across asset...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Today: GBP/EUR, GBP/USD Slide on Dovish BoE Bailey Rhetoric

4 Oct 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Today: GBP/EUR, GBP/USD Slide on Dovish BoE Bailey Rhetoric

The pound dipped sharply in Asian trading on Thursday following a media interview by Bank of England Governor Bailey. Bailey hinted at a faster rate of interest rate cuts and, in response, the Pound to Euro (GBP/EUR) exchange rate sliding to 1.1905 from just above 1.20. The Euro-Zone PMI services-sector business confidence index was...

CATEGORIES: Pound Sterling Forecasts

GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

3 Oct 2024 at 1 PM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

The Pound US Dollar exchange was trapped in a narrow range on Wednesday following the publication of some mid-tier US employment data. At the time of writing, GBP/USD was trading at approximately $1.3267, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) managed to stay above ground against most of its...

CATEGORIES: Pound Dollar Forecasts

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