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Pound Sterling Forecast Directory - Page #47

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

Pound Sterling: Positive Global Sentiment Underpins Currency, GBP/EUR Hits May Highs

22 May 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling: Positive Global Sentiment Underpins Currency, GBP/EUR Hits May Highs

The Pound has made headway during Tuesday despite nerves ahead of the latest UK inflation data. HSBC commented; "Since the last Monetary Policy Committee (MPC) meeting, it has been well understood that the June rate cut scenario depends on this week's CPI and the next one due June 19." Expectations of ECB and Bank of Canada June...

CATEGORIES: Pound Euro Forecasts

Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27

22 May 2024 at 7 AM - Written by John Cameron

STORY LINK Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27

The Pound to Dollar (GBP/USD) exchange rate held firm on Monday and traded above the 1.2700 level on Tuesday, close to 2-month highs, as low volatility limited support for the dollar. If dollar moves remain limited, GBP/USD moves will tend to be dominated by the UK inflation data and Bank of England (BoE) interest rate...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Outlook: Tensions Building Ahead of Next Week’s Crucial Inflation Data

19 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Outlook: Tensions Building Ahead of Next Week’s Crucial Inflation Data

The dollar overall recovered ground on Thursday with a sense that markets may have overreacted to Wednesday’s US inflation data. From the Pound's perspective, tensions were building ahead of next week’s crucial inflation data. The Pound to Dollar (GBP/USD) exchange rate hit fresh 5-week highs at 12700 in Asia on Thursday before...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Supported by Buoyant Global Risk Conditions

17 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Supported by Buoyant Global Risk Conditions

The Pound to Dollar exchange rate (GBP/USD) spiked higher in initial reaction to Wednesday’s US inflation data. Although there was a quick correction, momentum built again late in the session with renewed dollar losses and gains for European currencies. GBP/USD peaked at a fresh 5-week high of 1.2700 in early Asia before a limited...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling: UK Economy Back to Growth with an Impressive Rebound in GDP

12 May 2024 at 10 AM - Written by John Cameron

STORY LINK Pound Sterling: UK Economy Back to Growth with an Impressive Rebound in GDP

The UK economy grew by 0.6% in Q1. This follows on from two quarters of contraction. Real wage growth is a positive for the economy. The FTSE is rallying strongly while the pound remains stable. Friday caps a busy week for UK markets with the release of GDP data. This showed Britain has convincingly shifted away from the...

CATEGORIES: Pound Sterling Forecasts

Bank of England: "BoE is setting the stage for a summer rate cut" say HSBC

10 May 2024 at 5 AM - Written by John Cameron

STORY LINK Bank of England: "BoE is setting the stage for a summer rate cut" say HSBC

Part 2 of our post-Bank of England analysis continues (read part on here) HSBC Director of Investment Strategy Hussain Mehdi added; "We believe the BoE is setting the stage for a summer rate cut. Disinflation is progressing and the labour market continues to cool. However, the question is, do they go as soon as next month in line with...

CATEGORIES: Pound Sterling Forecasts

BoE Analysis: Rate Cuts Coming, but Pound Sterling Pares Losses

9 May 2024 at 5 PM - Written by John Cameron

STORY LINK BoE Analysis: Rate Cuts Coming, but Pound Sterling Pares Losses

The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25%, in line with consensus forecasts. A 7-2 vote and lower inflation forecasts boosted market expectations of a June rate which undermined the Pound, although it recovered from initial lows. The Pound to Dollar (GBP/USD) exchange rate dipped below...

CATEGORIES: Pound Sterling Forecasts

UK Housing Recovery Stalls, Pound Sterling Waits for BoE Rate Decision

9 May 2024 at 8 AM - Written by John Cameron

STORY LINK UK Housing Recovery Stalls, Pound Sterling Waits for BoE Rate Decision

The Pound has maintained a soft tone in currency markets with expectations of a dovish tone by the Bank of England (BoE) in Thursday’s policy decision. There will inevitably be a spike in volatility following the decision with BoE guidance crucial. The Pound to Dollar (GBP/USD) exchange rate hit lows just below 1.2470 on...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Continues to Slide vs Euro and Dollar Ahead of Thursday’s BoE Meeting

8 May 2024 at 2 PM - Written by John Cameron

STORY LINK Pound Sterling Continues to Slide vs Euro and Dollar Ahead of Thursday’s BoE Meeting

The pound is the weakest G7 currency in May so far. Meanwhile, the FTSE is showing relative strength and has been making new all-time highs. This indicates the market is anticipating and positioning for a dovish BoE meeting. The bank may signal a cut is likely in June, which could drop the pound even further. Markets are...

CATEGORIES: Pound Sterling Forecasts

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