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Pound Dollar Forecast Directory - Page #101

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

Foreign Exchange Rates: Middle East Fears to Dominate Pound vs Euro and Dollar

27 Oct 2023 at 11 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates: Middle East Fears to Dominate Pound vs Euro and Dollar

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...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Dollar Exchange Rate Forecast: Drop to 1.2000 Possible say UoB

26 Oct 2023 at 12 PM - Written by James Fuller

STORY LINK Pound to Dollar Exchange Rate Forecast: Drop to 1.2000 Possible say UoB

The Pound Sterling (GBP) remained under pressure against the US Dollar (USD) on Wednesday with domestic and global elements undermining support for the UK currency. The Pound to Dollar (GBP/USD) exchange rate retreated to 3-week lows near 1.2070 before stabilising. On a near-term view, markets will look to target the 1.20 level....

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

Pound to Dollar Rate: Goldman Sachs Stay Negative on Sterling Outlook

24 Oct 2023 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate: Goldman Sachs Stay Negative on Sterling Outlook

Foreign exchange analysts at Goldman Sachs maintain a negative stance on the Pound to Dollar (GBP/USD) exchange rate due to relative monetary policies and economic prospects. At the time of writing, the Pound to Dollar exchange rate (GBPUSD) traded at 1.2273. The bank considers that there will need to be a reversal in current trends...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate: Slide in risk Appetite saps Sterling Support

22 Oct 2023 at 10 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Rate: Slide in risk Appetite saps Sterling Support

Foreign exchange strategists at Commerzbank expect the Pound to Dollar (GBP/USD) exchange rate to edge lower to 1.20 at the end of 2023 with only a tentative recovery to 1.22 at the end of next year. ING sees scope for a stronger recovery to 1.29 at the end of 2024 amid dollar losses. Risk appetite has deteriorated further during...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate: Rebounds from 2-Week Lows

20 Oct 2023 at 6 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate: Rebounds from 2-Week Lows

The Pound to Dollar (GBP/USD) exchange rate remained under pressure in early Europe on Thursday and dipped sharply to 2-week lows below the 1.2100 level. Markets drew some limited reassurance from Fed Chair Powell's comments later in the day and GBP/USD recovered to 1.2180. Overall risk conditions and Middle East fears suggest that...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Forecast: "Push Above 1.2225 Resistance Needed to lift GBP" say Scotiabank

18 Oct 2023 at 10 PM - Written by John Cameron

STORY LINK Pound to Dollar Forecast: "Push Above 1.2225 Resistance Needed to lift GBP" say Scotiabank

Geo-Political Fears Undermine the Pound Exchange Rates The latest UK inflation data maintained an important element of uncertainty surrounding Bank of England policies. With no decisive UK lead, Sterling markets overall have been focussed on Middle East fears and safe-haven dollar demand. The Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar 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

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