Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Sterling Forecast Directory - Page #46

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

Hot Money Flows Increases Pound Correction Risk

25 Jul 2024 at 9 AM - Written by David Woodsmith

STORY LINK Hot Money Flows Increases Pound Correction Risk

The Pound to Euro (GBP/EUR) exchange rate has been held in narrow ranges with no further attack on the 1.1900 level and settled little changed around 1.1875. There are growing concerns that global speculators have piled into the UK currency which will leave the currency vulnerable to a sharp correction if the hot money flows out again....

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Climbs vs Euro, Dollar Despite Trump Assassination Attempt

16 Jul 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Climbs vs Euro, Dollar Despite Trump Assassination Attempt

The Pound has maintained a robust tone in global markets with the Pound to Dollar (GBP/USD) exchange rate hitting 11-month highs just below the crucial 1.3000 level. US politics and UK inflation data will be very important elements this week. There has been no major reaction to the assassination attempt on former President Trump...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Today: Traders Prepare for Seismic UK, French and US Elections

4 Jul 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Today: Traders Prepare for Seismic UK, French and US Elections

The Pound to Dollar exchange rate is trading close to 3-week highs ahead of major economic and political developments on both sides of the Atlantic. After the weekend, there will be a new UK government and the possibility of a new US Democrat Presidential candidate which will cause a major shift in political dynamics. UoB commented;...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

30 Jun 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

Danske Bank forecasts a Pound to Dollar (GBP/USD) exchange rate slide to 1.18 on a 12-month view. Credit Agricole expects GBP/USD to be held at 1.25 at the end of 2024 before a significant recovery to 1.35 at the end of next year. GBP/USD dipped to 6-week lows just below 1.2620 during the week and struggled to make more than a very...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Retreats vs Euro, Dollar as August Rate Cut Seen Likely

21 Jun 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Retreats vs Euro, Dollar as August Rate Cut Seen Likely

The Pound lost ground on Thursday as Bank of England (BoE) rhetoric increased market bets on an August rate cut. The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2680 and not far above 5-week lows while the Pound to Euro (GBP/EUR) exchange rate retreated to 1.1830 from earlier highs above 1.1850. Solid risks conditions...

CATEGORIES: Pound Sterling Forecasts

BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

21 Jun 2024 at 7 AM - Written by David Woodsmith

STORY LINK BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

The BoE kept rates on hold as expected. While there was no commitment to a cut in August, the tone was dovish and markets are now 60% pricing it in. Elsewhere, the SNB surprised markets by making a second cut in a row. Thursday’s session brought two major central bank meetings from the Bank of England and the Swiss National Bank....

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Resilient vs Euro and Dollar Despite Cooling Labour Market

11 Jun 2024 at 3 PM - Written by John Cameron

STORY LINK Pound Sterling Resilient vs Euro and Dollar Despite Cooling Labour Market

There was a muted reaction to the mixed UK labour-market data, but markets considered that an August Bank of England (BoE) rate hike was slightly more likely. The Pound edged lower, but the Pound to Dollar (GBP/USD) exchange rate held above June lows below 1.2700 and traded around 1.2725. Activity is likely to be relatively limited...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

5 Jun 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

The Pound to Dollar exchange rate (GBP/USD) briefly hit 11-week highs just below 1.2820 around Tuesday’s European open as the dollar index (DXY) retreated to 8-week lows and touched the 104.00 level. The Pound failed to hold the gains and retreated to around 1.2780 as the dollar recovered ground against European currencies with DXY...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Resilient vs Euro Despite Firm US Dollar

31 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Resilient vs Euro Despite Firm US Dollar

The Pound to Dollar exchange rate (GBP/USD) steadily lost ground on Wednesday and dipped below the 1.2700 level with lows at 1.2680 on Thursday. There was a recovery to 1.2715 in Europe and the Pound was broadly resilient given external headwinds. The dollar posted significant gains, underpinned to an important extent by losses in...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

28 May 2024 at 4 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

The Pound to Dollar exchange rate (GBP/USD) has made further headway and traded around 1.2765 on Tuesday, close to 2-month highs near 1.2785. The Pound has continued to gain net support from an unwinding of expectations that the Bank of England will be in a position to cut interest rates at the June policy meeting. The dollar has...

CATEGORIES: Pound Dollar Forecasts

Daily Market Updates

Major Currency Forecasts

Currency Pairs

Popular Currency Tags

Currency News Info

Currency Rates Today