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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.

Pound Sterling Retreats vs Euro, Dollar as August Rate Cut Seen Likely

21 Jun 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Retreats vs Euro, Dollar as August Rate Cut Seen Likely

The Pound lost ground on Thursday as Bank of England (BoE) rhetoric increased market bets on an August rate cut. The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2680 and not far above 5-week lows while the Pound to Euro (GBP/EUR) exchange rate retreated to 1.1830 from earlier highs above 1.1850. Solid risks conditions...

CATEGORIES: Pound Sterling Forecasts

BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

21 Jun 2024 at 7 AM - Written by David Woodsmith

STORY LINK BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

The BoE kept rates on hold as expected. While there was no commitment to a cut in August, the tone was dovish and markets are now 60% pricing it in. Elsewhere, the SNB surprised markets by making a second cut in a row. Thursday’s session brought two major central bank meetings from the Bank of England and the Swiss National Bank....

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Resilient vs Euro and Dollar Despite Cooling Labour Market

11 Jun 2024 at 3 PM - Written by John Cameron

STORY LINK Pound Sterling Resilient vs Euro and Dollar Despite Cooling Labour Market

There was a muted reaction to the mixed UK labour-market data, but markets considered that an August Bank of England (BoE) rate hike was slightly more likely. The Pound edged lower, but the Pound to Dollar (GBP/USD) exchange rate held above June lows below 1.2700 and traded around 1.2725. Activity is likely to be relatively limited...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

5 Jun 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

The Pound to Dollar exchange rate (GBP/USD) briefly hit 11-week highs just below 1.2820 around Tuesday’s European open as the dollar index (DXY) retreated to 8-week lows and touched the 104.00 level. The Pound failed to hold the gains and retreated to around 1.2780 as the dollar recovered ground against European currencies with DXY...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Resilient vs Euro Despite Firm US Dollar

31 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Resilient vs Euro Despite Firm US Dollar

The Pound to Dollar exchange rate (GBP/USD) steadily lost ground on Wednesday and dipped below the 1.2700 level with lows at 1.2680 on Thursday. There was a recovery to 1.2715 in Europe and the Pound was broadly resilient given external headwinds. The dollar posted significant gains, underpinned to an important extent by losses in...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

28 May 2024 at 4 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

The Pound to Dollar exchange rate (GBP/USD) has made further headway and traded around 1.2765 on Tuesday, close to 2-month highs near 1.2785. The Pound has continued to gain net support from an unwinding of expectations that the Bank of England will be in a position to cut interest rates at the June policy meeting. The dollar has...

CATEGORIES: Pound Dollar Forecasts

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

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