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Pound Dollar Forecast Directory - Page #102

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

Pound to Dollar Forecast: 1.22 in 12 months say Commerzbank

15 Oct 2023 at 4 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Forecast: 1.22 in 12 months say Commerzbank

Currency strategists at ING forecast that the Pound to Dollar exchange rate will strengthen to 1.28 on a 12-month view, primarily under the influence of a weaker dollar. The bank, however, has dropped its previous forecast of a move above 1.30 while Commerzbank expects GBP/USD will make no real progress and forecasts a rate of 1.22 in 12...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Slides from Best in Three Weeks

12 Oct 2023 at 3 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Slides from Best in Three Weeks

The Pound to Dollar (GBP/USD) exchange rate briefly posted 3-week highs just above 1.2330 on Thursday, but failed to hold the gains. The combination of subdued UK data, mixed Bank of England rhetoric and slightly stronger-than-expected US inflation data triggered a significant reversal with GBP/USD sliding to 1.2250. US consumer prices...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Firmed as UK Economy Returns to Growth

14 Jun 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Firmed as UK Economy Returns to Growth

Pound (GBP) Buoyed by Welcome Return to Growth The Pound (GBP) saw modest success against many of its rivals on Wednesday morning in the wake of market expectations of a 0.2% increase. Coming after a 0.3% contraction in March, the UK economy rebounded to boost investors’ spirits. The biggest contributor to the increase was marked...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data

13 Jun 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data

Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data The Pound US Dollar (GBP/USD) exchange rate strengthened significantly during Tuesday’s trade, following hotter-than-expected UK labour data, which cemented an additional rate hike from the Bank of England (BoE). At the time of writing, GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Central Bank Uncertainties

12 Jun 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Central Bank Uncertainties

Pound (GBP) Undermined by Underlying Economic Concerns The Pound (GBP) found modest strength to open the week with amid elevated interest rate hike bets from the Bank of England (BoE). With a quiet trading calendar to kick the week off, economic growth and labour market data are due to print this week. Propping Sterling up on Monday were...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Ticked Higher on Bolstered BoE Rate Hike Bets

8 Jun 2023 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Ticked Higher on Bolstered BoE Rate Hike Bets

Pound (GBP) Supported by Expectations of Further Tightening The Pound (GBP) continued to struggle for sustained demand amid a lack of major economic data. However, despite the thin trading conditions, GBP investors could be buoyed on the prospect of further tightening from the Bank of England (BoE). With a quarter point interest rate...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Stuttering UK Retail Sector

6 Jun 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Stuttering UK Retail Sector

Pound (GBP) Underpinned by Elevated Rate Hike Bets The Pound (GBP) started the day on the back foot as the British Retail Consortium (BRC) reported underwhelming retail sales growth. The BRC revealed that sales had only risen by 3.7% on a yearly basis, compared to last month’s 5.2% growth YoY in March. Despite still climbing, it...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Strengthened by Bets on Fed Rate Hike Pause

1 Jun 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Strengthened by Bets on Fed Rate Hike Pause

Pound US Dollar (GBP/USD) Exchange Rate Rises as Markets Pare Back Fed Bets The Pound US Dollar (GBP/USD) exchange rate climbed on Thursday. The pairing was bolstered by bets of a potential rate hike pause from the Federal Reserve. Worse-than-expected output data for the US manufacturing sector added to the exchange rate’s...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Edges Lower after Hotter-than-Forecast US Job Openings Figures

31 May 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Edges Lower after Hotter-than-Forecast US Job Openings Figures

Pound US Dollar (GBP/USD) Exchange Rate Trims Gains as Job Openings Beat Forecasts The Pound US Dollar (GBP/USD) exchange rate edged lower on Wednesday. A unexpected increase in April’s US job openings increased Federal Reserve rate hike bets and pushed the pairing lower. Additionally, a pullback in global risk appetite over the...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Gains as US Debt Ceiling Resolution Nears

30 May 2023 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Gains as US Debt Ceiling Resolution Nears

Pound US Dollar (GBP/USD) Exchange Rate Climbs as Risk Appetite Improves The Pound US Dollar (GBP/USD) exchange rate rose on Tuesday. An improving market mood buoyed the exchange rate, although the pair’s gains were hobbled by fresh Federal Reserve rate hike bets. The pairing also found support from bets on further policy...

CATEGORIES: Pound Dollar Forecasts

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