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Pound Dollar Forecast Directory - Page #103

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

Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution

25 May 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution

Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution The Pound US Dollar (GBP/USD) exchange rate traded narrowly on Thursday, as USD investors pared back bets on further tightening. At the time of writing, GBP/USD traded at around US$1.2371, showing little signs of movement from Thursday’s opening rates. US...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Inflation Fell to 8.7%

24 May 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Inflation Fell to 8.7%

Pound (GBP) Undermined by Tumbling Inflation The Pound (GBP) struggled for sustained demand on Wednesday in the wake of hotter-than-expected inflation. Against expectations of headline CPI easing to 8.2%, inflation came in at 8.7%. The Office for National Statistics (ONS) revealed inflation in the UK declined for the first time since...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Weakened on Downbeat UK PMI Data

23 May 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Weakened on Downbeat UK PMI Data

Pound (GBP) Undermined by Downbeat PMIs The Pound (GBP) struggled for demand on Tuesday as the latest PMIs fell below forecasts, citing a stuttering economy during the cost-of-living crisis. Both manufacturing and service PMIs slipped below forecasts, with the former falling the most. Against expectations of a modest uptick in factory...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Shifting Market Sentiment

22 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Shifting Market Sentiment

US Dollar (USD) Undermined by Debt Limit Fears The US Dollar (USD) traded sideways on Monday amid a lack of economic data. External factors appeared to influence the ‘Greenback’ as geo-politics and the ongoing debt limit negotiations concerned investors. President Joe Biden reported that relations between the US and China were...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Softened as BoE Rate Hike Bets were Pared

17 May 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Softened as BoE Rate Hike Bets were Pared

Pound (GBP) Undermined by Loosening Labour Market The Pound (GBP) struggled against many of its peers on Wednesday in the wake of a speech from Bank of England (BoE) Governor Andrew Bailey. Appearing before the British Chambers of Commerce’s annual conference, Bailey admitted that the UK labour market is showing signs of moderately...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Softer-than-Expected UK Employment Data

16 May 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Softer-than-Expected UK Employment Data

Pound (GBP) Undermined by Cooling Labour Market The Pound (GBP) struggled for a clear direction on Tuesday in the wake of the latest employment data for the UK. The Office for National Statistics (ONS) revealed that unemployment unexpectedly rose, and payroll numbers slipped. Wage growth also surprised to the downside as pay continues...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Climbs amid Upbeat UK Forecasts

15 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Climbs amid Upbeat UK Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Climbs amid Upbeat UK Forecasts The Pound US Dollar (GBP/USD) exchange rate strengthened on Monday, following reports that the UK economy may avoid recession in 2023. At the time of writing, GBP/USD traded at around US$1.2506, an increase of just under 0.5% from Monday’s opening rates. ...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as UK Economy Contracted

12 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as UK Economy Contracted

Pound (GBP) Undermined by Shaky Economic Growth The Pound (GBP) failed to find a clear direction on Friday in the wake of mixed GDP growth data. A surprise monthly contraction offset a mild quarterly expansion as the UK economy continues to battle the cost-of-living crisis. The Office for National Statistics (ONS) reported that the UK...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Slips as BoE Signals Inflation set to Cool

11 May 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Slips as BoE Signals Inflation set to Cool

Pound US Dollar (GBP/USD) Exchange Rate Tumbles Following BoE Interest Rate Decision The Pound US Dollar (GBP/USD) exchange rate slumped on Thursday. The pairing was pulled lower by signals of cooling UK inflation from Bank of England (BoE) Governor Andrew Bailey following the central bank’s interest rate decision. The exchange rate...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Rangebound Ahead of US Inflation Data

10 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Rangebound Ahead of US Inflation Data

US Dollar (USD) Choppy Ahead of Crucial Inflation Data The US Dollar (USD) endured mixed trading conditions on Wednesday as investors move to the sidelines in anticipation of key headline CPI data. With inflation set to remain unchanged at 5% after nine consecutive months of cooling CPI readings, a softer-than-expected reading could...

CATEGORIES: Pound Dollar Forecasts

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