Pound Dollar forecast page 11 - GBP USD

BNP Paribas predicts the Pound to Dollar exchange rate could rise to 1.32 within a year, while Danske Bank sees it dropping to 1.17. US and UK inflation declines are leading to expectations of rate cuts from the Fed and BoE in 2024. Despite weak UK retail sales, markets anticipate three BoE rate cuts next year. The British Pound's...

GBP/USD Exchange Rate Consolidates Below 2-month Highs, Markets More Confident over 2024 BoE Rate Cuts After the surge to 2-month highs at 1.2500 on Tuesday, the overall Pound to Dollar (GBP/USD) exchange rate theme has been one of consolidation. The UK inflation data triggered fresh expectations of interest rate cuts in 2024 which...

The Pound Sterling (GBP) moved to test the best exchange rate levels of two months against the US Dollar (USD) on Tuesday. Benign US inflation data was a key element in global markets on Tuesday with markets pricing out any further Fed rate hikes. In response, the dollar dipped sharply while risk appetite also improved sharply which...

Nordea foreign currency analysts predict that the Pound to Dollar exchange rate (GBP/USD) will make no headway and trade at 1.22 at the end of 2024. Bank of America expects the Pound will struggle in the short term, but expects a dollar retreat in 2024 will help trigger a GBP/USD rebound to 1.35 at the end of next year. After strong...

The Pound to Dollar (GBP/USD) exchange rate posted dipped to lows just below 1.2245 on Wednesday before a recovering towards 1.2300. GBP/USD traded just above the 1.2300 level on Thursday as the dollar maintained a slightly softer tone and Bank of England (BoE) chief economist did not repeat comments that interest rates could be cut in...

The Pound to Dollar (GBP/USD) exchange rate posted notable losses on Monday and a recovery attempt failed on Tuesday with a retreat to just below the 1.2300 level. On a longer-term view with a vulnerable UK economy, Nordea expects that GBP/USD will be held to 1.24 at the end of 2025. Dollar moves will tend to dominate in the short...

Pound to Dollar (GBP/USD) Exchange Rate Consolidates Just Below 1.2400 After rallying strongly on Friday and posting the sharpest weekly gain for 12 months, the Pound to Dollar (GBP/USD) exchange rate posted 7-week highs just shy of 1.2430 on Monday. The UK PMI construction index edged higher to 45.6 for October from 45.0 the...

Friday's trade on foreign exchange markets saw the best Pound to Dollar exchange rate for UK buyers in six weeks. Weaker-then-expected US jobs data triggered a slide in US yields, US Dollar (USD) losses and strong gains for the Pound Sterling (GBP). There was also a further rally in risk appetite with strong gains in global...

The Pound US Dollar (GBP/USD) exchange rate was choppy on Tuesday, ticking up overall, as an increased appetite for risk dented the safe-haven US Dollar (USD). At the time of writing the GBP/USD exchange rate was trading at $1.2193, up approximately 0.2% from Monday’s opening rate.   The Pound (GBP) gained some ground on...

The Pound US Dollar (GBP/USD) exchange rate fluctuated on Monday, drifting higher overall, as an increased risk appetite undermined the safe-haven US Dollar (USD). At the time of writing GBP/USD was trading at $1.2145, up approximately 0.2% from Monday’s opening rate.   The Pound (GBP) edged higher during Monday’s...