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Pound Sterling Forecast Directory - Page #49

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

GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

20 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

The Pound has been unable to make headway against major currencies on Tuesday and will be vulnerable to further losses if Wednesday’s UK inflation data is weaker than expected. The dollar has also held a firm tone with the currency index strengthening to 2-week highs. In this environment, the Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

19 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Pound Sterling: Battle Lines Drawn, Support vs Euro Below 1.17

15 Mar 2024 at 11 AM - Written by John Cameron

STORY LINK Pound Sterling: Battle Lines Drawn, Support vs Euro Below 1.17

The Pound to Euro exchange rate (GBP/EUR) again found support below 1.1700 on Wednesday and moved back above 1.1700 to trade just above this level on Thursday. Global markets conditions have been favourable for the Pound with low volatility and net gains in equities as the UK FTSE 100 index posted a 7-month high. According to MUFG;...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data

13 Mar 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Falls Against Euro and Dollar on Signs UK Jobs Market Cooling

12 Mar 2024 at 9 AM - Written by James Fuller

STORY LINK Pound Sterling Falls Against Euro and Dollar on Signs UK Jobs Market Cooling

Important data came early in Tuesday’s session as the UK Jobs Report was released ahead of the LSE open. This contributed to a large gap higher in the FTSE which opened around 0.85% higher near the 2024 peak of 7748 while the Pound dropped moderately, allowing EUGBP to make further small gains towards 0.855. UK Jobs Report Hot on...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Surges to 1.2890 Against U.S. Dollar on Increased FED Hike Bets

9 Mar 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Surges to 1.2890 Against U.S. Dollar on Increased FED Hike Bets

Markets More Confident over June Fed Rate Cut After US Jobs Data, GBP/USD Surges to 7-Month Highs The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was less tight. The dollar moved lower and the Pound to Dollar (GBP/USD) exchange rate surged to...

CATEGORIES: Pound Dollar Forecasts

Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

8 Mar 2024 at 9 PM - Written by David Woodsmith

STORY LINK Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was cooling. The data also reinforced expectations that the Federal Reserve would be in a position to cut interest rates in the first half of 2024. Market expectations of a June cut increased to near...

CATEGORIES: Pound Dollar Forecasts

Scope for Pound Sterling Gains Against Euro on Today's ECB Meeting

7 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Scope for Pound Sterling Gains Against Euro on Today's ECB Meeting

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Wednesday and settled below the 1.1700 level. The budget failed to lift the Pound and the focus will now be on Thursday’s ECB policy meeting to see if traders can force a breakout from narrow ranges on dovish ECB talk. According to MUFG; “We have been...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

2 Mar 2024 at 6 AM - Written by Ben Hughes

STORY LINK Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

Thursday’s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar selling as US yields declined. The Pound to Dollar (GBP/USD) exchange rate edged higher to 1.2670. GBP/USD will need substantial month-end dollar selling to make a...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Hits 2-Week Best vs New Zealand Dollar on Dovish RBNZ

28 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound Sterling Hits 2-Week Best vs New Zealand Dollar on Dovish RBNZ

The New Zealand dollar slumped following the Reserve Bank of New Zealand (RBNZ) interest rate decision with rates held at 5.50%. This was the consensus forecast, although a minority of banks had backed a rate hike and markets had priced in around a 23% chance of a hike. The New Zealand dollar to US dollar (NZD/USD) exchange rate...

CATEGORIES: Pound New Zealand Dollar Forecasts

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