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Pound Sterling Forecast Directory - Page #50

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

Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

26 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

There are no major UK data releases this week with the focus likely to be on central bank talk and Euro-Zone inflation data. The Pound to Euro (GBP/EUR) exchange rate advanced to 1.1725 on Friday before fading to near 1.1700 and traded just below this level on Monday. 1.1765 remains a key resistance area. According to ING;...

CATEGORIES: Pound Euro Forecasts

Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

24 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

The Pound to Dollar exchange rate (GBP/USD) has been able to make headway on Thursday, although there has been an element of head scratching over market trends and GBP/USD has not been able to regain the 1.2700 level. Wall Street posted strong gains on Thursday with a further surge in Nvidia pushing the S&P 500 index to a fresh record...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

22 Feb 2024 at 6 AM - Written by David Woodsmith

STORY LINK Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2650, but has held above 1.2600 and settled around 1.2620 on Wednesday. Fiscal and monetary policy expectations will continue to have an important impact on the Pound with evidence of divergence tending to limit Pound buying. According to ING; “A softer dollar...

CATEGORIES: Pound Dollar Forecasts

Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

20 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

Bank of America (BoA) has significantly increased its Pound to Euro exchange rate (GBP/EUR) forecast for the end of 2024 to 1.1905 from 1.1365 and adjusted the end-2025 forecast to 1.1765 from 1.1625. BoA notes that Sterling's appreciation will be mainly concentrated in this year, driven by policy divergence, but expects the rate of...

CATEGORIES: Pound Euro Forecasts

Pound Sterling and Euro Both Struggle - Foreign Exchange News

5 Feb 2024 at 7 PM - Written by John Cameron

STORY LINK Pound Sterling and Euro Both Struggle - Foreign Exchange News

Foreign exchange update: The Pound to Euro exchange rate (GBPEUR) found support below the 1.1700 level in Asia on Monday and strengthened to near 1.1720 after the European open. Markets overall are more confident over the UK economic outlook and Euro-Zone investor confidence improved in February, but the Pound and Euro have both lost...

CATEGORIES: Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Bank of England Outlook Today: Rates on Hold, Forward Guidance Crucial for Pound Sterling

1 Feb 2024 at 8 AM - Written by Tim Boyer

STORY LINK Bank of England Outlook Today: Rates on Hold, Forward Guidance Crucial for Pound Sterling

The Bank of England (BoE) Monetary Policy Committee (MPC) will announce the latest interest rate decision on Thursday February 1st. There are very strong expectations that interest rates will be held at 5.25% at the meeting. It will be a major surprise if there is a decision to raise or lower interest rates. The rate split and...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

1 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open. Markets were monitoring event risk closely with two central bank positions over the next 24 hours. According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; "Markets are just...

CATEGORIES: Pound Dollar Forecasts

HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

24 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

Pound Unable to Defy Stronger Dollar, GBP/USD Exchange Rate Retreats to 1.2650 The dollar lost ground during Tuesday’s Asian session as the yen posted gains, but the US currency rebounded strongly later in the day and USD/JPY traded around daily highs at 148.60 from lows at 147.00. Although Pound sentiment was firm after...

CATEGORIES: Pound Dollar Forecasts

International Money Transfer News: Pound Sterling Slides After Shock UK Retail Sales Data

21 Jan 2024 at 4 PM - Written by Tim Boyer

STORY LINK International Money Transfer News: Pound Sterling Slides After Shock UK Retail Sales Data

Pound Sterling spiked lower against the Euro and US Dollar after the latest UK retail sales data, but the impact was offset to some extent by a rebound in equities. The Pound to Euro (GBP/EUR) exchange rate dipped sharply to below 1.1650 before a recovery to 1.1660. ING expects solid underlying Pound support around...

CATEGORIES: Forecasts

Pound Sterling Jump on Upside Inflation Surprise Tempered

18 Jan 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Jump on Upside Inflation Surprise Tempered

The Pound jumped after the stronger-than-expected UK inflation data with fresh doubts whether a Bank of England (BoE) interest rate cut by May is realistic. The shift in expectations underpinned the Pound, although the impact was offset to some extent by a further retreat in risk appetite as the UK FTSE 100 index posted a 6-week...

CATEGORIES: Pound Sterling Forecasts

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