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Pound Dollar Forecast Directory - Page #104

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

Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as Strong UK Retail Sales Offset by Souring Market Mood

9 May 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Fluctuated as Strong UK Retail Sales Offset by Souring Market Mood

Pound (GBP) Supported by Strong Retail Growth The Pound (GBP) found itself climbing against many of its peers on Tuesday in the wake of stronger-than-expected retail sales figures from the British Retail Consortium (BRC). Against expectations of a 4.9% YoY increase in April, figures showed sales increased 5.2% compared to April last...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Rangebound as UK Service Sector Growth Climbs to 12-Month High

4 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Rangebound as UK Service Sector Growth Climbs to 12-Month High

Pound US Dollar (GBP/USD) Exchange Rate Trades Narrowly amid Cautious Market Mood The Pound US Dollar (GBP/USD) exchange rate trended sideways on Thursday. Evidence of strong performance in the UK services sector and Bank of England (BoE) rate hike bets limited the pairing’s downturn. On the other hand, a retreat in global risk...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Climbed as Markets Brace for Fed Interest Rate Decision

3 May 2023 at 2 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Climbed as Markets Brace for Fed Interest Rate Decision

US Dollar (USD) Undermined by Expectations of Final Rate Hike The US Dollar (USD) struggled for demand, despite expectations of a 25bps interest rate hike at the Federal Reserve policy meeting late on Wednesday. But with many believing it to be the final rate hike before a pause, the ‘Greenback’ lost demand. Jim Grant, founder and...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Weakening UK Factory Activity

2 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Weakening UK Factory Activity

Pound (GBP) Undermined by Downbeat Factory Activity The Pound (GBP) struggled for demand against many of its peers on Tuesday as the latest manufacturing PMI highlighted flagging factory demand. The final reading for the S&P Global manufacturing PMI showed a three-month low as slowing demand continued for the flagging sector. Despite...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Fluctuates as US Data Points to Stubbornly High Inflation

27 Apr 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Fluctuates as US Data Points to Stubbornly High Inflation

Pound US Dollar (GBP/USD) Exchange Rate Changeable amid Risk-On Mood The Pound US Dollar (GBP/USD) exchange rate ended Thursday close to its starting position after some volatile movements. The pairing was bolstered at the beginning of the day by a risk-on market mood. The exchange rate shed its gains later in the day however, after...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets

26 Apr 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets

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’,...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts Pound Sterling Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Firmed as US Data Disappoints

20 Apr 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Firmed as US Data Disappoints

US Dollar (USD) Soured amid Downbeat Economic Data The US Dollar (USD) struggled for demand despite a cautious market mood. Another run of poor economic data disappointed, potentially curbing further interest rate hike bets from the Federal reserve. Preventing further losses are the maintained hawkish rhetoric from Fed policymakers....

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Narrows as Bearish Trade Counters Elevated UK CPI

19 Apr 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Narrows as Bearish Trade Counters Elevated UK CPI

Pound US Dollar (GBP/USD) Exchange Rate Narrows as Bearish Trade Counters Elevated UK CPI The Pound US Dollar (GBP/USD) exchange rate traded in narrow boundaries at the beginning of Wednesday’s European session. While GBP was supported by red hot UK inflation, a sour market mood kept the safe haven US Dollar elevated. At the time of...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Softened on as Markets Brace for Further Fed Rate Hikes

17 Apr 2023 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Softened on as Markets Brace for Further Fed Rate Hikes

US Dollar (USD) Buoyed by Renewed Rate Hike Bets The US Dollar (USD) found traction once again despite a slew of downbeat economic data. A persistently hawkish Federal Reserve helped restore confidence in the US Dollar, as expectations are growing of further tightening at the next policy meeting. Combined with Fed Chair Jerome Powell...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Bolstered by US Inflation Slowdown

12 Apr 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Bolstered by US Inflation Slowdown

Pound US Dollar (GBP/USD) Exchange Rate Buoyed by US Inflation Data The Pound US Dollar (GBP/USD) exchange rate rose on Wednesday. The pairing found support from evidence of a slowdown in US inflation, as well as a risk-on mood. GBP/USD’s gains were capped by stubbornly high US core inflation, however. At time of writing the...

CATEGORIES: Pound Dollar Forecasts

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