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Pound Sterling Forecast Directory - Page #48

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

Pound Sterling Retreats vs Euro, U.S. Dollar on Bank of England Nerves

7 May 2024 at 5 PM - Written by Tim Boyer

STORY LINK Pound Sterling Retreats vs Euro, U.S. Dollar on Bank of England Nerves

After spiking to 3-week high just above 1.2630 after Friday’s US jobs data, the Pound to Dollar (GBP/USD) exchange rate was unable to hold the gains and retreated to around 1.2535 on Tuesday as UK markets re-opened following Monday’s market holiday. Risk appetite remains strong with the FTSE 100 index posting a fresh record high...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling: Downbeat OECD Outlook Undermines GBP, EUR Below 1.17

2 May 2024 at 9 PM - Written by John Cameron

STORY LINK Pound Sterling: Downbeat OECD Outlook Undermines GBP, EUR Below 1.17

The Pound to Euro exchange rate (GBP/EUR) dipped to lows near 1.1680 in early Europe on Thursday before a recovery to near 1.1700. The Pound was undermined by a downbeat OECD assessment of the UK economy. In its latest update, the OECD downgraded the UK forecasts for this year and next with GDP growth forecast at just 0.4% for 2024...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Below 1.25 as Dollar Dominates Ahead of Fed Policy Decision

1 May 2024 at 4 PM - Written by Frank Davies

STORY LINK Pound Sterling Below 1.25 as Dollar Dominates Ahead of Fed Policy Decision

The Pound to Dollar exchange rate (GBP/USD) dipped sharply from 2-week highs at 1.2565 on Tuesday to trade below 1.2500 as the dollar posted strong gains. Federal Reserve policy guidance, US data and reaction in equity markets will be crucial for the Pound during Wednesday. There will be substantial dollar gains and weakness in...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Rebounds After UK and US PMI Data Jolts Expectations

24 Apr 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Sterling Rebounds After UK and US PMI Data Jolts Expectations

Solid UK business confidence data, together with weaker-than-expected US data has triggered a sharp Pound rally on Tuesday with the current market narrative of US economic out-performance under fresh scrutiny. The Pound to Dollar (GBP/USD) exchange rate has jumped to near 1.2450 from early lows at 1.2330. Latest US survey data has...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Secures Net Gain to 1.2370

23 Apr 2024 at 11 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Secures Net Gain to 1.2370

European currencies have recovered some ground on Tuesday with increased optimism that strength in services will lead to a rebound in the economy. Equities have also posted net gains with the FTSE 100 index posting a record high at 8075 before a limited correction. Stronger equities should help underpin the Pound to some extent. In...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Today: GBP Gains as UK Inflation Higher than Expected

17 Apr 2024 at 9 AM - Written by Ben Hughes

STORY LINK Pound Sterling Today: GBP Gains as UK Inflation Higher than Expected

St A lull in geopolitics and the Iran/Israel conflict has allowed markets to re-focus on the other main theme – inflation and central bank plans to cut rates. Tuesday’s session brought a raft of central bank speakers and Fed Chair Powell finally admitted a lack of further progress on inflation and a delay to cuts. “The recent...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Forecast: Volatility to Remain Elevated

16 Apr 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Forecast: Volatility to Remain Elevated

Pound Volatility to Remain Elevated, GBP/USD Attempts to Recover from 4-Month Lows The Pound to Dollar exchange rate (GBP/USD)came under sustained pressure on Friday with a slide below 1.1500 and 4-month lows just above 1.2425. The dollar continued to see strong buying following the shift in Federal Reserve expectations. GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Why Pound Sterling Should Rise in April and then Fall in May

4 Apr 2024 at 10 AM - Written by John Cameron

STORY LINK Why Pound Sterling Should Rise in April and then Fall in May

The Pound to Dollar exchange rate (GBP/USD)was unable to make any headway into the New York open, but received a significant boost after weaker-than-expected US business confidence data and strengthened to test the 1.2600 level. Scotiabank noted the lack of progress earlier but added; “A move back above 1.2600 should see spot gains...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

27 Mar 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

The Pound to dollar exchange rate (GBP/USD) hit highs just below 1.2670 on Tuesday. It was unable to sustain the peak levels and retreated to 1.2630 after the US open with little net change on the day as the dollar pared losses. There was a lack of underlying energy in markets with an underlying phase of consolidation after last...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

21 Mar 2024 at 4 PM - Written by John Cameron

STORY LINK Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged. The Pound to Euro exchange rate (GBP/EUR) slipped 0.29% to trade at 1.16667. The Pound to Dollar exchange rate (GBP/USD) plunged near 1% to trend at around 1.2671. However, the two remain...

CATEGORIES: Pound Sterling Forecasts

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