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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 Sterling and Euro Both Struggle - Foreign Exchange News

5 Feb 2024 at 7 PM - Written by John Cameron

STORY LINK Pound Sterling and Euro Both Struggle - Foreign Exchange News

Foreign exchange update: The Pound to Euro exchange rate (GBPEUR) found support below the 1.1700 level in Asia on Monday and strengthened to near 1.1720 after the European open. Markets overall are more confident over the UK economic outlook and Euro-Zone investor confidence improved in February, but the Pound and Euro have both lost...

CATEGORIES: Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Bank of England Outlook Today: Rates on Hold, Forward Guidance Crucial for Pound Sterling

1 Feb 2024 at 8 AM - Written by Tim Boyer

STORY LINK Bank of England Outlook Today: Rates on Hold, Forward Guidance Crucial for Pound Sterling

The Bank of England (BoE) Monetary Policy Committee (MPC) will announce the latest interest rate decision on Thursday February 1st. There are very strong expectations that interest rates will be held at 5.25% at the meeting. It will be a major surprise if there is a decision to raise or lower interest rates. The rate split and...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

1 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open. Markets were monitoring event risk closely with two central bank positions over the next 24 hours. According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; "Markets are just...

CATEGORIES: Pound Dollar Forecasts

HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

24 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

Pound Unable to Defy Stronger Dollar, GBP/USD Exchange Rate Retreats to 1.2650 The dollar lost ground during Tuesday’s Asian session as the yen posted gains, but the US currency rebounded strongly later in the day and USD/JPY traded around daily highs at 148.60 from lows at 147.00. Although Pound sentiment was firm after...

CATEGORIES: Pound Dollar Forecasts

International Money Transfer News: Pound Sterling Slides After Shock UK Retail Sales Data

21 Jan 2024 at 4 PM - Written by Tim Boyer

STORY LINK International Money Transfer News: Pound Sterling Slides After Shock UK Retail Sales Data

Pound Sterling spiked lower against the Euro and US Dollar after the latest UK retail sales data, but the impact was offset to some extent by a rebound in equities. The Pound to Euro (GBP/EUR) exchange rate dipped sharply to below 1.1650 before a recovery to 1.1660. ING expects solid underlying Pound support around...

CATEGORIES: Forecasts

Pound Sterling Jump on Upside Inflation Surprise Tempered

18 Jan 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Jump on Upside Inflation Surprise Tempered

The Pound jumped after the stronger-than-expected UK inflation data with fresh doubts whether a Bank of England (BoE) interest rate cut by May is realistic. The shift in expectations underpinned the Pound, although the impact was offset to some extent by a further retreat in risk appetite as the UK FTSE 100 index posted a 6-week...

CATEGORIES: Pound Sterling Forecasts

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

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