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Pound Sterling Forecast Directory - Page #53

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

Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

16 Oct 2023 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

The Pound to Dollar (GBP/USD) exchange rate came under further pressure on Friday under the influence of a stronger dollar and weaker risk appetite. With position adjustment ahead of the weekend, GBP/USD dipped to lows at 1.2125 before stabilising. The Pound to Euro (GBP/EUR) exchange rate retreated to lows at 1.1540 and after a brief...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Euro Forecast: Scope to Rise to 1.1765 say ANZ

12 Oct 2023 at 12 PM - Written by John Cameron

STORY LINK Pound to Euro Forecast: Scope to Rise to 1.1765 say ANZ

Foreign exchange strategists at ANZ maintain a positive stance on the Pound to Euro (GBP/EUR) exchange rate, primarily due to expectations that the Euro-Zone will underperform the UK with heightened recession risks. It sees scope for GBP/EUR to strengthen to 1.1765. In contrast, MUFG expects that GBP/EUR will weaken to 1.1235 on a...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts

GBP/AUD News: Pound Australian Dollar Exchange Rate Wavers following Strong Australian Jobs Report

15 Jun 2023 at 12 PM - Written by John Cameron

STORY LINK GBP/AUD News: Pound Australian Dollar Exchange Rate Wavers following Strong Australian Jobs Report

The Pound Australian Dollar (GBP/AUD) exchange rate attempted to recover on Thursday morning after stumbling overnight following strong Australian jobs data. At the time of writing, GBP/AUD was trading at around AU$1.8601, up over 0.3% from an earlier low of AU$1.8534 but still down on the previous day’s levels. Australian Dollar...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts Pound Sterling Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets

26 Apr 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets

Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets The Pound US Dollar (GBP/USD) climbed during Wednesday’s European session, as elevated rate hike bets supported the Pound against its peers. Furthermore, a return of risk appetite to the markets weighed heavily on the safe haven ‘Greenback’,...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts Pound Sterling Forecasts

Pound Euro News: GBP/EUR Exchange Rate Rises as UK Inflation Climbs to 10.4%

22 Mar 2023 at 11 AM - Written by John Cameron

STORY LINK Pound Euro News: GBP/EUR Exchange Rate Rises as UK Inflation Climbs to 10.4%

The Pound Euro (GBP/EUR) exchange rate jumped on Wednesday morning after a surprise rise in UK inflation boosted Bank of England (BoE) interest rate rise bets. At the time of writing, GBP/EUR was trading at around €1.1369, having gained 0.2% on the day. Pound (GBP) Jumps as UK CPI Boosts BoE Bets The Pound (GBP) rallied on...

CATEGORIES: Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Pound Australian Dollar Exchange Rate News: GBP/AUD Rises as RBA Decision Dents AUD

5 Jul 2022 at 11 AM - Written by John Cameron

STORY LINK Pound Australian Dollar Exchange Rate News: GBP/AUD Rises as RBA Decision Dents AUD

Pound (GBP) Buoyed by Upwardly Revised PMI The Pound (GBP) is strengthening against the Australian Dollar (AUD), despite initially softening against some of its other peers. As today’s trade began, renewed worries about the UK economy put some pressure on the Pound. Sainsbury’s supermarket revealed its latest results, which...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts Pound Sterling Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

19 Oct 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

GBP/CAD Exchange Rate Climbs on Oil Price Downturn The Pound Canadian Dollar (GBP/CAD) exchange rate rose today as the Canadian Dollar (CAD) fell on depreciating oil prices. Conversely, the Pound (GBP) found support on Bank of England (BoE) rate hike expectations alongside an expectation of foreign investment. At the time of...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japanese Industrial Production Dips in July

31 Aug 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japanese Industrial Production Dips in July

GBP/JPY Exchange Rate Rangebound as Japanese Covid-19 Vaccinations Increase The Pound Japanese Yen (GBP/JPY) exchange rate held steady following the release of the latest flash Japanese industrial production figure for July, which fell below forecasts from 23% to 11.6%. The pairing is currently fluctuating around ¥151.20. An official at...

CATEGORIES: Japanese Yen Forecasts Pound Sterling Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Falls as Demand for Safe-Haven USD Increases

6 Apr 2021 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Falls as Demand for Safe-Haven USD Increases

GBP/USD Exchange Rate Fall as Risk-Off Markets Boost Safe-Haven Demand The Pound US Dollar (GBP/USD) exchange rate fell by -0.4% today as demand for the safe-haven US Dollar has risen as Europe suffers from a third-wave of Covid-19. The pairing is currently fluctuating around $1.38. The US Dollar (USD) has benefited from souring...

CATEGORIES: American Dollar Forecasts Dollar Pound Forecasts Pound Sterling Forecasts

GBP/USD Outlook: Pound-Dollar Rises as UK Business and Consumer Confidence Hit Year-Highs

8 Mar 2021 at 3 PM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound-Dollar Rises as UK Business and Consumer Confidence Hit Year-Highs

GBP/USD Exchange Rate Edges Higher on Positive UK Business Morale The Pound to US Dollar (GBP/USD) exchange rate rose today following a bout of upbeat UK economic news. The pairing is currently fluctuating around $1.38. Today saw UK business confidence hit 12-month highs. The BDO’s Services Optimism Index beat forecasts, rising to...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

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