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Pound Sterling Forecast Directory - Page #46

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

Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows

23 Oct 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows

The dollar has maintained a strong tone in global markets amid a further increase in US bond yields with weaker UK equities also a negative factor. The Pound to Dollar (GBP/USD) exchange rate remained on the defensive, traded around 1.2990 and near 2-month lows. According to UoB; “The likelihood of GBP breaking clearly below...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

22 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

The Pound US Dollar exchange rate ticked lower on Monday as a safe-haven dash undermined the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.3018, down roughly 0.2% from the start of Monday’s session. US Dollar (USD) Supported by Downbeat Trade The US Dollar (USD) captured investors focus on...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious

15 Oct 2024 at 9 AM - Written by Ben Hughes

STORY LINK Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious

Employment data in the UK was mixed and won’t swing market bias far from where it is already. Wage growth remains a hurdle to aggressive cuts from the BoE. CPI on Wednesday could be more important in shaping policy. Tuesday’s main event came early in the session with the release of the UK employment report. Headlines will...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Watching UK Fiscal Policy Closely, GBP/EUR Braced

10 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Watching UK Fiscal Policy Closely, GBP/EUR Braced

The Pound to Euro (GBP/EUR) exchange rate found support below 1.19 on Tuesday and has settled around 1.1935, just below the middle of the trading range seen over the past 20 days. Overall risk conditions will be very important in the short term with major global events in focus and the potential for high volatility across asset...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Today: GBP/EUR, GBP/USD Slide on Dovish BoE Bailey Rhetoric

4 Oct 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Today: GBP/EUR, GBP/USD Slide on Dovish BoE Bailey Rhetoric

The pound dipped sharply in Asian trading on Thursday following a media interview by Bank of England Governor Bailey. Bailey hinted at a faster rate of interest rate cuts and, in response, the Pound to Euro (GBP/EUR) exchange rate sliding to 1.1905 from just above 1.20. The Euro-Zone PMI services-sector business confidence index was...

CATEGORIES: Pound Sterling Forecasts

GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

3 Oct 2024 at 1 PM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

The Pound US Dollar exchange was trapped in a narrow range on Wednesday following the publication of some mid-tier US employment data. At the time of writing, GBP/USD was trading at approximately $1.3267, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) managed to stay above ground against most of its...

CATEGORIES: Pound Dollar Forecasts

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

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