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Pound Dollar Forecast Directory - Page #106

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

Pound US Dollar Exchange Rate News: GBP/USD Slumped as US Labour Market Remains Tight

2 Mar 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Slumped as US Labour Market Remains Tight

US Dollar (USD) Soared on Bolstered Rate Hike Bets The US Dollar (USD) experienced renewed strength in the wake of stronger-than-expected employment data. A cautious market mood lent considerable strength to the ‘Greenback’ earlier in the session but firmed with the release of initial jobless claims. The weekly jobless claims...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Returning UK Domestic Woes

1 Mar 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Returning UK Domestic Woes

Pound (GBP) Undermined by Weakening Housing Market The Pound (GBP) lost its momentum from post-Brexit trade deal optimism as a flurry of domestic woes returned to the forefront. Economic data released on Wednesday morning highlighted the cost-of-living crisis that is gripping the UK economy. House prices tumbled at the fastest rate...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered on Hawkish FOMC Minutes

23 Feb 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Hawkish FOMC Minutes

US Dollar (USD) Bolstered by Increased Rate Hike Bets The US Dollar (USD) saw a considerable boost on Thursday after the release of the Federal Open Market Committee (FOMC) minutes from the last policy meeting. Investors were keenly waiting for the minutes for any further indication towards the Federal Reserve’s monetary policy going...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Climbed on Strong UK Retail Sales

17 Feb 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Climbed on Strong UK Retail Sales

Pound (GBP) Buoyed by Strong Retail Sales The Pound (GBP) wavered initially on Friday morning in the wake of January’s retail sales, but later surged as sales far exceeded expectations. Against a forecasted second month of declining sales of -0.3%, retail figures came in at an increase of 0.5% in January. Investors were buoyed after...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Drops as US PPI Beats Forecasts

16 Feb 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Drops as US PPI Beats Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Drops as US PPI Beats Forecasts The Pound US Dollar (GBP/USD) exchange rate fell on Thursday, following the publication of the latest US producer price index data, which came in above forecasts. At the time of writing, GBP/USD traded around US$1.978, a decline of 0.5% from Thursday’s opening...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Plunged as UK Inflation Eased to 10.1%

15 Feb 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Plunged as UK Inflation Eased to 10.1%

Pound (GBP) Plummeted on Reduced Rate Hike Expectations The Pound (GBP) suffered immense selling pressure on Wednesday in the wake of softer-than-expected inflation. Against expectations of a modest softening to 10.3%, headline CPI slipped to 10.1%. Despite remaining sky-high, and far above the Bank of England’s (BoE) target rate of...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Fluctuated amid Hotter-than-Expected US Inflation

14 Feb 2023 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Fluctuated amid Hotter-than-Expected US Inflation

US Dollar (USD) Undermined by Falling Inflation The US Dollar (USD) came under heavy selling pressure in the wake of headline CPI falling for the seventh consecutive month. Against expectations of slowing to 6.2%, consumer inflation printed at 6.4%, marginally softer than December’s 6.5%. A considerable slowdown was noted with food...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Traded Erratically as UK Narrowly Avoids Recession

10 Feb 2023 at 2 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Traded Erratically as UK Narrowly Avoids Recession

Pound (GBP) Undermined by Concerning Economic Outlook The Pound (GBP) traded erratically on Friday morning after GDP growth data confirmed market expectations and stagnated in the fourth quarter. Despite avoiding a recession, which lent some support to Sterling, the fragility of the UK economy remains. The Office for National Statistics...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Rallied on Pared Fed Rate Hike Bets

9 Feb 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Rallied on Pared Fed Rate Hike Bets

US Dollar (USD) Undermined on Receding Rate Hike Bets The US Dollar (USD) lost steam on Thursday as Federal Reserve interest rate bets continued to retreat. Despite hawkish rhetoric from several Fed policymakers on Wednesday, USD investors, and the wider market, remain uncertain on the central bank’s monetary policy going forward....

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Strengthened on Hopes of Easing US Inflation

8 Feb 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Strengthened on Hopes of Easing US Inflation

US Dollar (USD) Soured by Dovish Fed Speech The US Dollar (USD) struggled for demand on Wednesday as a speech from Federal Reserve Chair Jerome Powell poured cold water on hopes for a continued aggressive monetary policy. In the wake of stronger-than-expected labour market data last week, the wider market braced for a hawkish speech...

CATEGORIES: Pound Dollar Forecasts

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