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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.

Inflation Slide Hurts Single Currency, Pound Sterling to Euro Exchange Rate Hits 5-Week Best

2 Sep 2024 at 7 AM - Written by David Woodsmith

STORY LINK Inflation Slide Hurts Single Currency, Pound Sterling to Euro Exchange Rate Hits 5-Week Best

There has been significant divergence in currency markets on Thursday with significant gains for the Australian and New Zealand dollars while the Euro has come under pressure following the release of weaker-than-expected inflation data. To some extent the Pound has been caught in the middle, along with the dollar, but the Pound to Euro...

CATEGORIES: Pound Euro Forecasts

Pound Sterling to Dollar Rate Consolidates near 13-Month Best

23 Aug 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Consolidates near 13-Month Best

After sliding on Tuesday, the dollar has caught its breath in global markets, but secured only a limited correction with the dollar index (DXY) slightly above 8-month lows. The Pound to Dollar (GBP/USD) exchange rate posted sharp gains to 13-month highs fractionally above 1.3050 before a limited correction to 1.3020. US currency...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Rate Surrenders 1-Week Highs as Sterling Dips

15 Aug 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Surrenders 1-Week Highs as Sterling Dips

After a strong performance on Tuesday, the Pound lost ground after the latest UK inflation data with the slightly lower than expected print increasing expectations of a further near-term Bank of England (BoE) interest rate cut. The Pound to Euro (GBP/EUR) exchange rate dipped to near 1.1670 from 1.1700 and after hitting 1-week highs at...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Rallies Against Euro Dollar by Surprise UK Unemployment Decline

13 Aug 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Rallies Against Euro Dollar by Surprise UK Unemployment Decline

The Pound posted significant gains after the latest UK labour-market data with the Pound to Dollar (GBP/USD) exchange rate hitting 1-week highs just above 1.2800. US and UK inflation data over the next day will be crucial for US interest rate expectations, risk appetite and the Pound. The UK unemployment rate declined to 4.2% in the...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Struggles as Risk Appetite Dips Again, Pound to Dollar Rate Falls

11 Aug 2024 at 7 PM - Written by Frank Davies

STORY LINK Pound Sterling Struggles as Risk Appetite Dips Again, Pound to Dollar Rate Falls

Equity markets rallied during Wednesday and risk appetite improved, but there was a fresh setback late in the New York session. US equities surrendered gains to post significant losses and confidence remained very fragile on Thursday. The fresh reversal in confidence put downward pressure on Sterling with the Pound to Dollar...

CATEGORIES: Pound Dollar Forecasts

Risk-Sensitive Pound Sterling Sees Buyers Flee

7 Aug 2024 at 8 AM - Written by David Woodsmith

STORY LINK Risk-Sensitive Pound Sterling Sees Buyers Flee

After heavy selling pressure on Monday, risk appetite has attempted to stabilise, but confidence remains very fragile and there has been notable selling interest on rallies for European equities. Similarly, risk-sensitive currencies including the Pound have not been able to sustain bounces. The Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Holds Firm Against Euro and Dollar Despite BoE Rate Cut

4 Aug 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Holds Firm Against Euro and Dollar Despite BoE Rate Cut

The Pound Sterling (GBP) dipped against Euro (EUR) and US Dollar (USD) in immediate reaction to the Bank of England (BoE) rate cut but was resilient amid relatively hawkish rhetoric and global dimension. Sterling and the Dollar were both struggling for sustained support. The Pound to Dollar (GBP/USD) exchange rate dipped to 4-week...

CATEGORIES: Pound Dollar Forecasts

Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England

31 Jul 2024 at 7 AM - Written by John Cameron

STORY LINK Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England

The Pound to Dollar exchange rate dipped to 2-week lows just below 1.2810 on Monday before a recovery to 1.2850. According to Scotiabank; “Regaining 1.29 intraday would be a positive but it is possible that the soft undertone will persist for another few days and perhaps extend to 1.2775 or so before steadying.” Fiscal and...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Rate Outlook: 1.38 by End of 2025

28 Jul 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Outlook: 1.38 by End of 2025

Bank of America (BoA) forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.38 at the end of 2025. According to BoA dollar weakness will be a key element as other economies improve. It added; “slower US growth, even if still higher than in the rest of G10, will also contribute to USD weakness.” ING,...

CATEGORIES: Pound Dollar Forecasts

UK Data Reinforces Pound Sterling Confidence: Pound to Dollar Rate Rebounds

25 Jul 2024 at 9 AM - Written by Frank Davies

STORY LINK UK Data Reinforces Pound Sterling Confidence: Pound to Dollar Rate Rebounds

Equity markets were the main focus on Wednesday with sharp losses on Wall Street and mixed US data. Despite weaker risk conditions, the dollar failed to gain significant benefit with USD/JPY sliding to 2-month lows. The Pound to Dollar (GBP/USD) exchange rate initially dipped to 10-day lows at 1.2875 before a recovery to 1.2930 as...

CATEGORIES: Pound Dollar Forecasts

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