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Pound Sterling Forecast Directory - Page #44

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

Pound Sterling Update: GBP to EUR Rate Flat despite cooling Eurozone Inflation

2 Oct 2024 at 11 AM - Written by John Cameron

STORY LINK Pound Sterling Update: GBP to EUR Rate Flat despite cooling Eurozone Inflation

The Pound to Euro (GBP/EUR) exchange rate traded sideways on Tuesday morning leaving the pairing just below the 29-month high struck on Monday. At the time of writing, GBP/EUR was trading at approximately €1.2009, showing little movement from Tuesday’s opening levels. The Euro (EUR) wad muted on Tuesday following the release...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Today: Global Narrative Continues to Support GBP Exchange Rates

1 Oct 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Today: Global Narrative Continues to Support GBP Exchange Rates

The Pound to Euro (GBP/EUR) exchange rate has stabilised just below the 1.2000 level amid firm Pound sentiment and Euro-Zone difficulties. ING still sees scope for a near-term GBP/EUR move to 1.2050, but remains wary over the medium-term outlook. It noted; “We remain somewhat concerned that the pound will soon face a correction as...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling in the Eye of the Storm

27 Sep 2024 at 11 AM - Written by John Cameron

STORY LINK Pound Sterling in the Eye of the Storm

While the South-East US braced for Hurricane Helene, currency market volatility eased slightly on Thursday with a possible consolidation phase as markets waited for the next major market-moving events. The latest data suggested a soft landing was realistic while gains in US equities helped support risk appetite. The Pound to Dollar...

CATEGORIES: Pound Sterling Forecasts

Pound Euro Exchange Rate Rises amid BoE-ECB Policy Divergence

27 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Rises amid BoE-ECB Policy Divergence

The Pound Euro (GBP/EUR) exchange rate saw a slight rise early in Thursday's session, bolstered by the expected policy divergence between the Bank of England (BoE) and the European Central Bank (ECB), along with a risk-on market mood. At the time of writing, GBP/EUR was trading at €1.1985, marking a 0.2% increase for the day. The...

CATEGORIES: Euro Forecasts Pound Sterling Forecasts

Pound Sterling Today: GBP Steady in Wake of BoE Governor Bailey Comments

26 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Sterling Today: GBP Steady in Wake of BoE Governor Bailey Comments

The Pound to US Dollar (GBP/USD) exchange rate saw limited movement on Tuesday, with the pairing trading at its highest level since March 2022. At the time of writing, GBP/USD was at around $1.3363, reflecting little change from Tuesday’s opening levels. Pound (GBP) Stagnant Following Bailey’s Cautious Outlook The Pound...

CATEGORIES: Pound Dollar Forecasts

BoE Holds, Buyers See Best Pound to Dollar Rate in 30 Months

22 Sep 2024 at 1 PM - Written by Frank Davies

STORY LINK BoE Holds, Buyers See Best Pound to Dollar Rate in 30 Months

The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.00% following the latest policy meeting. Although the decision was in line with consensus forecasts, the Pound posted strong gains on a relatively hawkish stamen and especially with traders also focussed on the aggressive 50 basis-point rate cut...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Unable to Benefit from Dollar Retreat

13 Sep 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Unable to Benefit from Dollar Retreat

The dollar posted significant losses in Asia on Wednesday after the US Presidential debate. US yields have continued to decline with the 2-year rate around 3.55% and a 2-year low. Lower yields have sapped dollar support, but the Pound has failed to secure significant benefit with confidence hit by weaker than expected GDP...

CATEGORIES: Pound Dollar Forecasts

Transatlantic Interest Rate Debate Dominates Pound Sterling

9 Sep 2024 at 5 PM - Written by David Woodsmith

STORY LINK Transatlantic Interest Rate Debate Dominates Pound Sterling

The dollar has recovered ground with the Pound to Dollar (GBP/USD) exchange rate below 1.3100 and close to 2-week lows. Following the key US jobs data and Federal Reserve comments, sentiment has shifted towards a smaller 25 basis-point US interest rate cut at next week’s policy meeting. This shift has supported the dollar with...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Today: GBP/EUR Recovers from Weekly Lows

5 Sep 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Today: GBP/EUR Recovers from Weekly Lows

The Pound has been hampered by weaker global risk conditions amid a sharp dip in equity markets, although the currency overall has been broadly resilient. The Pound to Euro (GBP/EUR) exchange rate found support at 1-week lows below 1.1860 and secured a tentative recovery to 1.1870. Risk conditions will remain important for the Pound...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Stalls Ahead of Key US Data Releases

4 Sep 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Stalls Ahead of Key US Data Releases

After quiet conditions on Monday with the US markets closed for the Labor Day holiday, the Pound to Dollar (GBP/USD) exchange rate retreated to 10-day lows near 1.3100 on Tuesday before settling around 1.3120. Pound sentiment overall remains firm with hopes for solid growth, although US data releases are likely to dominate this...

CATEGORIES: Pound Dollar Forecasts

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