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Pound Sterling Forecast Directory - Page #45

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

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

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

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