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Pound Sterling Forecast Directory - Page #51

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

Pound to Dollar Outlook: Possible Recovery to 1.275-1.28 say These Analysts

17 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Dollar Outlook: Possible Recovery to 1.275-1.28 say These Analysts

Wage Growth Moderation and Weaker Equities Undermine the Pound, GBP/USD Exchange Rate Sinks to 10-Day Lows Pound Sterling (GBP) exchange rates lost ground in global currency markets due to a stronger dollar, weaker equities and a further slowdown in wages growth. Overall risk appetite remains more fragile amid on-going concerns...

CATEGORIES: Pound Sterling Forecasts

GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

16 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

The Canadian dollar (CAD) was undermined by a weaker Bank of Canada (BoC) survey on Monday with businesses reporting increased recession risks. The Pound to Dollar (GBP/CAD) exchange rate strengthened to 1-month highs at 1.7120 before settling just above 1.7100. The US Dollar to Canadian dollar (USD/CAD) Exchange rate advanced to near...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Sterling's 2024 Momentum vs Euro, Dollar Stalls on UK Data

9 Jan 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling's 2024 Momentum vs Euro, Dollar Stalls on UK Data

The Pound has gained ground in 2024 on the basis of stronger-than-expected UK data and an easing of immediate recession fears. The data has also bolstered expectations that the Bank of England will resist any moves to cut interest rates. The Pound to Euro (GBP/EUR) exchange rate hit 3-week highs just above 1.1645 late on Monday...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

4 Jan 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

The Pound to Dollar exchange rate posted highs above 1.2725 after the UK data on Thursday before a retreat to 1.2660 in immediate response to the US data. Underlying Pound sentiment held firm which provided important underlying backing and GBP/USD regained the 1.2700 level into the European close. UK data helped underpin Sterling...

CATEGORIES: Pound Dollar Forecasts

Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

24 Dec 2023 at 9 AM - Written by Frank Davies

STORY LINK Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

Goldman Sachs now expects that the Pound will strengthen to 1.35 against the US Dollar by the end of 2024. HSBC analysts, however, are forecasting that GBP/USD exchange rate will weaken to 1.18 by the third quarter of 2024. There was choppy GBP/USD trading during the week with net gains to above 1.2700 as the dollar lost ground....

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound Sterling Outlook 2024: 1.23 by Q1

23 Dec 2023 at 10 AM - Written by John Cameron

STORY LINK Pound Sterling Outlook 2024: 1.23 by Q1

According to the latest forecasters at Rabobank, the British Pound Sterling (GBP) could be tipped to "retreat" from today's levels against the US Dollar (USD) in the next three months, touching lows of 1.23 by end of March 2024. UK GDP Data Triggers More Aggressive BoE Rate Cut Calls, GBP/USD Exchange Rate Held Around...

CATEGORIES: Pound Dollar Forecasts

US Dollar Weakness Outweighs Pound Sterling Selling Interest

22 Dec 2023 at 9 AM - Written by Tim Boyer

STORY LINK US Dollar Weakness Outweighs Pound Sterling Selling Interest

The US Dollar and Pound both struggled on Thursday, primarily under the weight of interest rate expectations. Markets remained convinced that the Federal Reserve will cut interest rates relatively early in 2024 and this week’s UK inflation data has brought forward expectations of Bank of England rate cuts. As the Euro to Dollar...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Outlook: "Bullish Scenario to Remain Intact as long as it Holds 1.26" say Scotiabank

21 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling to Dollar Outlook: "Bullish Scenario to Remain Intact as long as it Holds 1.26" say Scotiabank

GBP/USD Exchange Rate Slides to 1.2650 After UK Inflation Data, US and UK Rate-Cut Expectations Dominate Markets The Pound spiked lower following the UK inflation data with the Pound to Dollar (GBP/USD) exchange rate dipping to lows at 1.2650 from above 1.2700 before settling just above 1.2650 The dollar overall remained on the...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Boosted After Rebound in UK Services Activity

17 Dec 2023 at 7 PM - Written by Frank Davies

STORY LINK Pound Sterling Boosted After Rebound in UK Services Activity

GBP/EUR Exchange Rate Strengthens as Rebound in UK Services Activity Boosts the Pound UK services-sector activity strengthened to a 6-month high for December while the Euro-Zone economy remained in contraction territory. The UK data gave some credibility to Bank of England hawkish rhetoric while doubts that the ECB stance is...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

15 Dec 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

UK Pound Jumps on Hawkish Bank of England Hold at 5.25%, GBP/USD Exchange Rate Tests 3-Month Best The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% following the latest policy meeting which was in line with consensus forecasts. There was another 6-3 vote for keeping rates on hold as Haskel, Mann...

CATEGORIES: Pound Dollar Forecasts

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