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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 Rate Secures Net Gain to 1.2370

23 Apr 2024 at 11 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Secures Net Gain to 1.2370

European currencies have recovered some ground on Tuesday with increased optimism that strength in services will lead to a rebound in the economy. Equities have also posted net gains with the FTSE 100 index posting a record high at 8075 before a limited correction. Stronger equities should help underpin the Pound to some extent. In...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Today: GBP Gains as UK Inflation Higher than Expected

17 Apr 2024 at 9 AM - Written by Ben Hughes

STORY LINK Pound Sterling Today: GBP Gains as UK Inflation Higher than Expected

St A lull in geopolitics and the Iran/Israel conflict has allowed markets to re-focus on the other main theme – inflation and central bank plans to cut rates. Tuesday’s session brought a raft of central bank speakers and Fed Chair Powell finally admitted a lack of further progress on inflation and a delay to cuts. “The recent...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Forecast: Volatility to Remain Elevated

16 Apr 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Forecast: Volatility to Remain Elevated

Pound Volatility to Remain Elevated, GBP/USD Attempts to Recover from 4-Month Lows The Pound to Dollar exchange rate (GBP/USD)came under sustained pressure on Friday with a slide below 1.1500 and 4-month lows just above 1.2425. The dollar continued to see strong buying following the shift in Federal Reserve expectations. GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Why Pound Sterling Should Rise in April and then Fall in May

4 Apr 2024 at 10 AM - Written by John Cameron

STORY LINK Why Pound Sterling Should Rise in April and then Fall in May

The Pound to Dollar exchange rate (GBP/USD)was unable to make any headway into the New York open, but received a significant boost after weaker-than-expected US business confidence data and strengthened to test the 1.2600 level. Scotiabank noted the lack of progress earlier but added; “A move back above 1.2600 should see spot gains...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

27 Mar 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

The Pound to dollar exchange rate (GBP/USD) hit highs just below 1.2670 on Tuesday. It was unable to sustain the peak levels and retreated to 1.2630 after the US open with little net change on the day as the dollar pared losses. There was a lack of underlying energy in markets with an underlying phase of consolidation after last...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

21 Mar 2024 at 4 PM - Written by John Cameron

STORY LINK Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged. The Pound to Euro exchange rate (GBP/EUR) slipped 0.29% to trade at 1.16667. The Pound to Dollar exchange rate (GBP/USD) plunged near 1% to trend at around 1.2671. However, the two remain...

CATEGORIES: Pound Sterling Forecasts

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

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