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Pound Sterling Forecast Directory - Page #54

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

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

Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

7 Dec 2023 at 9 AM - Written by John Cameron

STORY LINK Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

US Dollar Resilient Despite Weak US Jobs Growth, GBP/USD Exchange Rate Held Close to 10-Day Lows The latest US data continued to point to a slowdown in the labour market and bond yields declined. The Pound, however, was unable to make headway, especially with weak UK data and Bank of England concerns over UK credit dynamics. The...

CATEGORIES: Currency Predictions Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Fails to Hold Euro, Dollar Gains After Autumn Statement

22 Nov 2023 at 5 PM - Written by Ben Hughes

STORY LINK Pound Sterling Fails to Hold Euro, Dollar Gains After Autumn Statement

GBP/USD Exchange Rate Slides on Dollar Revival and UK Growth Forecast Disappointment The pound-to-dollar (GBP/USD) exchange rate peaked at 1.2550 ahead of the Autumn Statement, but failed to hold the gains. Weak UK growth forecasts undermined the Pound while stronger than expected US data helped trigger a further dollar recovery...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Canadian Dollar Weekly Forecast: Bank of England Pushes Back Against Interest Rate Cuts

22 Nov 2023 at 8 AM - Written by John Cameron

STORY LINK Pound to Canadian Dollar Weekly Forecast: Bank of England Pushes Back Against Interest Rate Cuts

Hawkish comments from Bank of England officials and expectations of tax cuts have boosted the Pound on Tuesday. The Canadian inflation data had a measured impact, but reinforced expectations that the Bank of Canada would leave rates on hold at the December meeting. The Pound to Canadian dollar (GBP/CAD) inflation rate secured a...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Sterling loses out to Australian and New Zealand Dollars as Global Risk Appetite Surges

16 Nov 2023 at 8 AM - Written by Toni Johnson

STORY LINK Pound Sterling loses out to Australian and New Zealand Dollars as Global Risk Appetite Surges

The Australian and New Zealand dollars both benefitted from a surge in risk appetite following the benign US inflation data and the Australian dollar also drew support from the latest wages data. Chinese data releases also triggered an element of optimism surrounding the economic outlook which also underpinned the Australian and New...

CATEGORIES: Pound Australian Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts

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