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Pound Dollar Forecast Directory - Page #107

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

Pound US Dollar Exchange Rate News: GBP/USD Plunged amid Strengthening US Jobs Market

3 Feb 2023 at 2 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Plunged amid Strengthening US Jobs Market

US Dollar (USD) Buoyed by Strong Labour Market Data The US Dollar (USD) enjoyed a strong recovery from earlier in the day on Friday as the latest labour market data printed. Non-farm payrolls exceeded forecasts and followed the strong increase from the previous month as the US economy added more jobs than expected. Meanwhile, the...

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Pound US Dollar Exchange Rate News: GBP/USD Traded Erratically ahead of Fed Rate Decision

1 Feb 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Traded Erratically ahead of Fed Rate Decision

US Dollar (USD) Quiet as Investors Wait on the Sidelines The US Dollar (USD) remained fairly subdued as investors move to the sidelines in anticipation of the Federal Reserve interest rate decision on Wednesday evening. In the meantime, labour market data could influence proceedings. JOLT job openings and the employment change could...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Rangebound Despite Persistent BoE Rate Hike Bets

30 Jan 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Rangebound Despite Persistent BoE Rate Hike Bets

Pound US Dollar (GBP/USD) Exchange Rate Trades Narrowly as Market Mood Turns Cautious The Pound US Dollar (GBP/USD) exchange rate traded within a narrow range on Monday. Bank of England (BoE) rate hike bets lent support to the pairing. On the other hand, a cautious market mood kept GBP/USD trending sideways. At time of writing...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Weakened on Fears over UK Economic Growth Plans

27 Jan 2023 at 3 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Weakened on Fears over UK Economic Growth Plans

Pound (GBP) Slipped on Economic Growth Concerns The Pound (GBP) struggled for demand on Friday amid a lack of economic data. An uninspiring speech from Chancellor Jeremy Hunt failed to inspire confidence ahead of the interest rate decision from the Bank of England (BoE) next week. With economists and analysts predicting a torrid year...

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Pound US Dollar Exchange Rate News: GBP/USD Soured on UK Growth Concerns

25 Jan 2023 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Soured on UK Growth Concerns

Pound (GBP) Under Pressure from Domestic Headwinds The Pound (GBP) struggled for demand on Wednesday as a warning from the Office for Budget Responsibility (OBR) could see Chancellor Jeremy Hunt scaling back his growth plans for the UK. With government borrowing surging in December, the highest December on record, Hunt could be left...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Slips as UK Outlook Worsens

23 Jan 2023 at 2 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Slips as UK Outlook Worsens

Pound US Dollar (GBP/USD) Exchange Rate Drops amid Lack of UK Data The Pound US Dollar (GBP/USD) exchange rate slipped on Monday. The pairing was pulled lower by the UK’s downbeat outlook as well as a lack of data for the Pound (GBP). Losses for GBP/USD were limited by a more cautious stance from the Federal Reserve,...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Slipped as UK Retail Sales Declined

20 Jan 2023 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Slipped as UK Retail Sales Declined

Pound (GBP) Weakened amid Tumbling Retail Sales The Pound (GBP) stuttered on Friday morning as retail sales printed far worse than expected. Against expectations of a 0.5% rebound from November’s poor figure, retail sales in December declined by 1.0% MoM. Optimism surrounding the winter World Cup boosting sales were misguided as...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Bolstered Fed Rate Hike Bets

19 Jan 2023 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered amid Bolstered Fed Rate Hike Bets

US Dollar (USD) Propped up by Hawkish Fed Rhetoric The US Dollar (USD) traded with mixed success on Thursday amid a cautious market mood and further hawkish comments from the Federal Reserve. Treasury bond yields looked to slide, which could have kept the ‘Greenback’ on a tight leash. Lending some modest support, however, is...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Climbed Despite Underwhelming UK Jobs Data

17 Jan 2023 at 4 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Climbed Despite Underwhelming UK Jobs Data

Pound (GBP) Undermined by Mixed Employment Data The Pound (GBP) traded erratically against the US Dollar on Tuesday after a flurry of employment data failed to impress investors. Despite unemployment remaining at 3.7%, close to 50-year lows, underlying data caused reason for concern surrounding the labour market. The number of people...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Bolstered by UK Jobs Data

17 Jan 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Bolstered by UK Jobs Data

Pound Euro (GBP/EUR) Exchange Rate Climbs after UK Jobs Data The Pound Euro (GBP/EUR) exchange rate rose on Tuesday. The pairing was bolstered by evidence of persistent UK wage growth which bolstered Bank of England (BoE) interest rate hike bets. The GBP/EUR exchange rate saw its gains capped by a risk-off market mood however, as...

CATEGORIES: Pound Dollar Forecasts

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