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Pound Sterling Forecast Directory - Page #52

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

Pound Sterling Falls Against Euro and Dollar on Signs UK Jobs Market Cooling

12 Mar 2024 at 9 AM - Written by James Fuller

STORY LINK Pound Sterling Falls Against Euro and Dollar on Signs UK Jobs Market Cooling

Important data came early in Tuesday’s session as the UK Jobs Report was released ahead of the LSE open. This contributed to a large gap higher in the FTSE which opened around 0.85% higher near the 2024 peak of 7748 while the Pound dropped moderately, allowing EUGBP to make further small gains towards 0.855. UK Jobs Report Hot on...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Surges to 1.2890 Against U.S. Dollar on Increased FED Hike Bets

9 Mar 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Surges to 1.2890 Against U.S. Dollar on Increased FED Hike Bets

Markets More Confident over June Fed Rate Cut After US Jobs Data, GBP/USD Surges to 7-Month Highs The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was less tight. The dollar moved lower and the Pound to Dollar (GBP/USD) exchange rate surged to...

CATEGORIES: Pound Dollar Forecasts

Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

8 Mar 2024 at 9 PM - Written by David Woodsmith

STORY LINK Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was cooling. The data also reinforced expectations that the Federal Reserve would be in a position to cut interest rates in the first half of 2024. Market expectations of a June cut increased to near...

CATEGORIES: Pound Dollar Forecasts

Scope for Pound Sterling Gains Against Euro on Today's ECB Meeting

7 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Scope for Pound Sterling Gains Against Euro on Today's ECB Meeting

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Wednesday and settled below the 1.1700 level. The budget failed to lift the Pound and the focus will now be on Thursday’s ECB policy meeting to see if traders can force a breakout from narrow ranges on dovish ECB talk. According to MUFG; “We have been...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

2 Mar 2024 at 6 AM - Written by Ben Hughes

STORY LINK Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

Thursday’s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar selling as US yields declined. The Pound to Dollar (GBP/USD) exchange rate edged higher to 1.2670. GBP/USD will need substantial month-end dollar selling to make a...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Hits 2-Week Best vs New Zealand Dollar on Dovish RBNZ

28 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound Sterling Hits 2-Week Best vs New Zealand Dollar on Dovish RBNZ

The New Zealand dollar slumped following the Reserve Bank of New Zealand (RBNZ) interest rate decision with rates held at 5.50%. This was the consensus forecast, although a minority of banks had backed a rate hike and markets had priced in around a 23% chance of a hike. The New Zealand dollar to US dollar (NZD/USD) exchange rate...

CATEGORIES: Pound New Zealand Dollar Forecasts

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

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