Dollar Pound forecast - USD GBP

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...

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...

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...

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...

Position Adjustment and Middle East Fears Will Dominate Short-Term Pound and Euro Exchange Rate Moves Against the Dollar Position adjustment will be a key element during Friday on both geo-political and economic grounds. Overall risk conditions have remained vulnerable with further losses in equities on Thursday. There will be...

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...

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...

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...

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...

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’,...