Pound Dollar forecast - GBP USD

Bank of America expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 at the end of 2024. Goldman Sachs, however, expects that GBP/USD will weaken to 1.18 early next year and trade slightly below current levels at 1.25 in 12 months. Markets are now pricing in more aggressive Fed rate cuts during 2024 while...

UK and Global Inflation Pressures in Focus, GBP/USD Exchange Rate Finds Support at 1.2600 European currencies have been generally on the back foot on Thursday as the dollar has secured a net recovery in global markets, but with some Pound resilience in evidence amid fears over sticky UK inflation. The Pound to Dollar (GBP/USD)...

The Pound to Dollar exchange rate held firm ahead of Tuesday’s New York open, but failed to make significant headway. GBP/USD did, however, spike higher following dovish comments from Fed Governor Waller. With risk conditions also improving, GBP/USD jumped to 12-week highs at 1.2710 as the Euro to Dollar (EUR/USD) exchange rate...

The Pound to Dollar exchange rate hit 12-week highs just above 1.2640 on Monday before consolidation around 1.2625. The relatively light economic calendar this week will tend to increase the importance of more technical factors. One significant element will be month-end trading. According to Barclays; “Our proprietary month-end...

Foreign currency analysts at ING and Unicredit both consider that Pound Sterling (GBP) gains against the US Dollar (USD) will be held to 1.28 at the end of 2024. Investment banks overall see little upside scope for the Pound to Dollar exchange rate. Those banks that expect the dollar to weaken also expect that the Pound will lose...

The Pound to Dollar exchange rate (GBP/USD) posted fresh 10-week highs just above 1.2590 level just after the Friday Wall Street open and edged higher to just above 1.2600 after the latest US data. The dollar overall has lost support against European and commodity currencies during the day. A stronger reading for UK consumer...

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...

The Pound US Dollar exchange rate (GBPUSD) was unable to hold a brief move above the 1.2500 level on Monday, but made further headway on Tuesday with 10-Week highs just above 1.2550 before a correction to 1.2530. Overall risk appetite remained firmer with European equity markets at the highest level for over 5 weeks. Firm risk...

BNP Paribas predicts the Pound to Dollar exchange rate could rise to 1.32 within a year, while Danske Bank sees it dropping to 1.17. US and UK inflation declines are leading to expectations of rate cuts from the Fed and BoE in 2024. Despite weak UK retail sales, markets anticipate three BoE rate cuts next year. The British Pound's...

GBP/USD Exchange Rate Consolidates Below 2-month Highs, Markets More Confident over 2024 BoE Rate Cuts After the surge to 2-month highs at 1.2500 on Tuesday, the overall Pound to Dollar (GBP/USD) exchange rate theme has been one of consolidation. The UK inflation data triggered fresh expectations of interest rate cuts in 2024 which...