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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.

Dollar to Pound Sterling Outlook: Softer US Jobs Makes a FED Christmas Cut More Likely

8 Dec 2024 at 5 PM - Written by David Woodsmith

STORY LINK Dollar to Pound Sterling Outlook: Softer US Jobs Makes a FED Christmas Cut More Likely

Friday’s Jobs Report was mixed. The headline number beat expectations, but the unemployment rate rose. The Fed will be more concerned with the latter and the report has increased the odds of a December cut to around 84%. Friday’s Jobs Report had the potential to shift the odds of a December cut which stood at 68% ahead of...

CATEGORIES: Dollar Pound Forecasts

Pound Sterling Outlook: GBP/USD Braced for US Jobs Data

6 Dec 2024 at 9 AM - Written by Frank Davies

STORY LINK Pound Sterling Outlook: GBP/USD Braced for US Jobs Data

Pound sentiment is relatively cautious with doubts over the near-term economic outlook, but reservations elsewhere, including weaker than expected US data has protected the Pound. Friday’s US jobs data is likely to be pivotal for near-term direction. The Euro remains broadly on the defensive due to political and economic concerns...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Buffeted by Multiple Global Tensions, December Trades Keep GBP Afloat

3 Dec 2024 at 12 PM - Written by Frank Davies

STORY LINK Pound Sterling Buffeted by Multiple Global Tensions, December Trades Keep GBP Afloat

There have been mixed dollar influences over the past 24 hours. The clash of global economic and political elements, allied with seasonal pressures, will lead to high volatility. Seasonal trends of firm equities and dollar vulnerability will tend to underpin the Pound, but these factors could be offset by multiple global elements ahead...

CATEGORIES: Pound Sterling Forecasts

Calm Before the Storm, Pound Sterling Holds Firm on Thanksgiving Day

1 Dec 2024 at 2 PM - Written by David Woodsmith

STORY LINK Calm Before the Storm, Pound Sterling Holds Firm on Thanksgiving Day

Relative calm has descended on markets with the US Thanksgiving Holiday curbing trading volumes, although there are still major underlying uncertainties and tensions with high volatility liable to return quickly. The Pound to Euro (GBP/EUR) exchange rate has edged above the 1.2000 level in narrow ranges. The Pound to Dollar...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Strengthens as UK Inflation Jumps to 2.3%

20 Nov 2024 at 9 AM - Written by Frank Davies

STORY LINK Pound Sterling Strengthens as UK Inflation Jumps to 2.3%

UK inflation is bouncing back, and Wednesday’s readings were higher than expected. Sterling is up around +0.25% against the euro. The data is not likely to lead to major changes in BoE policy, but it does put a December cut in doubt. Markets have entered a post-election pause ahead of the US holiday season, which starts on...

CATEGORIES: Pound Sterling Forecasts

Bank of England in Wait and See Mode

20 Nov 2024 at 9 AM - Written by Tim Boyer

STORY LINK Bank of England in Wait and See Mode

BoE in Wait and See Mode, GBP/USD Trapped Near 6-Month Lows Ahead of Inflation Data The Pound to Dollar (GBP/USD) exchange rate has managed to hold above 6-month lows just below 1.2600 recorded late last week, but has struggled to make significant headway. According to ING; “We see no reason for a large dollar correction at the...

CATEGORIES: Pound Sterling Forecasts

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

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