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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 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

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

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