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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 Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling: UK Economy Back to Growth with an Impressive Rebound in GDP

12 May 2024 at 10 AM - Written by John Cameron

STORY LINK Pound Sterling: UK Economy Back to Growth with an Impressive Rebound in GDP

The UK economy grew by 0.6% in Q1. This follows on from two quarters of contraction. Real wage growth is a positive for the economy. The FTSE is rallying strongly while the pound remains stable. Friday caps a busy week for UK markets with the release of GDP data. This showed Britain has convincingly shifted away from the...

CATEGORIES: Pound Sterling Forecasts

Bank of England: "BoE is setting the stage for a summer rate cut" say HSBC

10 May 2024 at 5 AM - Written by John Cameron

STORY LINK Bank of England: "BoE is setting the stage for a summer rate cut" say HSBC

Part 2 of our post-Bank of England analysis continues (read part on here) HSBC Director of Investment Strategy Hussain Mehdi added; "We believe the BoE is setting the stage for a summer rate cut. Disinflation is progressing and the labour market continues to cool. However, the question is, do they go as soon as next month in line with...

CATEGORIES: Pound Sterling Forecasts

BoE Analysis: Rate Cuts Coming, but Pound Sterling Pares Losses

9 May 2024 at 5 PM - Written by John Cameron

STORY LINK BoE Analysis: Rate Cuts Coming, but Pound Sterling Pares Losses

The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25%, in line with consensus forecasts. A 7-2 vote and lower inflation forecasts boosted market expectations of a June rate which undermined the Pound, although it recovered from initial lows. The Pound to Dollar (GBP/USD) exchange rate dipped below...

CATEGORIES: Pound Sterling Forecasts

UK Housing Recovery Stalls, Pound Sterling Waits for BoE Rate Decision

9 May 2024 at 8 AM - Written by John Cameron

STORY LINK UK Housing Recovery Stalls, Pound Sterling Waits for BoE Rate Decision

The Pound has maintained a soft tone in currency markets with expectations of a dovish tone by the Bank of England (BoE) in Thursday’s policy decision. There will inevitably be a spike in volatility following the decision with BoE guidance crucial. The Pound to Dollar (GBP/USD) exchange rate hit lows just below 1.2470 on...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Continues to Slide vs Euro and Dollar Ahead of Thursday’s BoE Meeting

8 May 2024 at 2 PM - Written by John Cameron

STORY LINK Pound Sterling Continues to Slide vs Euro and Dollar Ahead of Thursday’s BoE Meeting

The pound is the weakest G7 currency in May so far. Meanwhile, the FTSE is showing relative strength and has been making new all-time highs. This indicates the market is anticipating and positioning for a dovish BoE meeting. The bank may signal a cut is likely in June, which could drop the pound even further. Markets are...

CATEGORIES: Pound Sterling Forecasts

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

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