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Pound Sterling Forecast Directory - Page #55

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

Euro to Pound Sterling Forecast: "Scope for Move Below 0.87" say Rabobank

14 Nov 2023 at 2 PM - Written by John Cameron

STORY LINK Euro to Pound Sterling Forecast: "Scope for Move Below 0.87" say Rabobank

GBP/EUR Exchange Rate: Tentative Recovery from 6-Month Lows After UK Wages Data The Pound to Euro (GBP/EUR) exchange rate continued to recover from 6-month lows on Monday with a peak just above 1.1480. GBP/EUR also touched 1.1490 after the UK wages data, but failed to hold the gains and settled just above 1.1475. Rabobank...

CATEGORIES: Pound Euro Forecasts

Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

6 Nov 2023 at 6 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

The Pound Canadian Dollar (GBP/CAD) exchange rate posted a 3-week high just above 1.6955 on Monday as overall risk appetite held firm. GBP/CAD surged on Friday as a jump in the Pound was amplified by a weaker Canadian currency following the latest domestic jobs data and extended gains on Monday. Both currencies gained support from...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Sterling: Largest Weekly Gain vs US Dollar Since October 2022

6 Nov 2023 at 6 PM - Written by Ben Hughes

STORY LINK Pound Sterling: Largest Weekly Gain vs US Dollar Since October 2022

Pound to Dollar (GBP/USD) Exchange Rate Consolidates Just Below 1.2400 After rallying strongly on Friday and posting the sharpest weekly gain for 12 months, the Pound to Dollar (GBP/USD) exchange rate posted 7-week highs just shy of 1.2430 on Monday. The UK PMI construction index edged higher to 45.6 for October from 45.0 the...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Forecast: 1.16 vs US Dollar in Next 12 Months says This Bank

25 Oct 2023 at 6 AM - Written by Ben Hughes

STORY LINK Pound Sterling Forecast: 1.16 vs US Dollar in Next 12 Months says This Bank

The Pound to Dollar (GBP/USD) exchange rate posted 10-day highs close to 1.2290 in early Europe on Tuesday, but the constructive tone quickly turned ugly with a sharp reversal. Disappointing UK data undermined the Pound, especially with wider concerns over the European outlook. The US data reinforced expectations of US...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Sterling Pushed Lower, Pound to Dollar Rate Trades Below 1.2150

17 Oct 2023 at 9 PM - Written by Toni Johnson

STORY LINK Sterling Pushed Lower, Pound to Dollar Rate Trades Below 1.2150

Transatlantic Economic Data Releases Push the Pound Lower, GBP/USD Exchange Rate Trades Below 1.2150 The combination of slightly weaker-than-expected UK wages data and a firm US retail sales release pushed the Pound to Dollar (GBP/USD) exchange rate below the 1.2150 level and a weak UK inflation release could drive further losses towards...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Slides vs Euro, Dollar as Wages Data Reinforces Peak Bank Rates

17 Oct 2023 at 12 PM - Written by James Fuller

STORY LINK Pound Sterling Slides vs Euro, Dollar as Wages Data Reinforces Peak Bank Rates

Pound Sterling (GBP) was able to make headway against the Euro (EUR) and Dollar (USD) on Monday with significant support from gains in UK and global equities. With a slightly softer US currency, the Pound to Dollar (GBP/USD) exchange rate secured net gains to around 1.2215. The latest data on UK wages was slightly weaker than expected...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

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

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