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Pound Dollar Forecast Directory - Page #113

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

Pound US Dollar Exchange Rate News: GBP/USD Firmed Despite Soft UK GDP Growth

12 Sep 2022 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Firmed Despite Soft UK GDP Growth

Pound (GBP) Fluctuated on Mixed Economic Data The Pound (GBP) struggled to find much demand on Monday after GDP growth data showed a softer-than-expected expansion in the economy. GDP expanded by 0.2% MoM for July, with the service sector being behind the main driver of the economy, with a 0.4% expansion from June. Despite rebounding...

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Pound US Dollar Exchange Rate News: GBP/USD Surged on UK Energy Bill Freeze

9 Sep 2022 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Surged on UK Energy Bill Freeze

Pound (GBP) Boosted by Energy Bill Relief Plans The Pound (GBP) enjoyed rare strength against some of its rivals on Friday as Prime Minister Liz Truss’ energy bill plan has cooled investors’ fears of further economic collapse. Truss revealed her plans of an energy bill cap of two years to alleviate some of the financial burden on UK...

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Pound US Dollar Exchange Rate News: GBP/USD Wavered on Cost of Fiscal Stimulus Package

8 Sep 2022 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Cost of Fiscal Stimulus Package

Pound (GBP) Under Pressure from Imminent Energy Bill Bailout The Pound (GBP) struggled for demand on Thursday morning as Prime Minister Liz Truss announced her energy bill bailout plan, set to cost the UK economy more than £130bn. However, since Truss has ruled out windfall tax on gas and oil producers to finance the relief package,...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Crashes on Upbeat US Data, UK Economic Woes

1 Sep 2022 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Crashes on Upbeat US Data, UK Economic Woes

GBP/USD Exchange Rate Plummets on Worsening Economic Situation The Pound US Dollar (GBP/USD) exchange rate had slumped through today’s session as risk-off sentiment exerts headwinds alongside UK-specific factors such as downbeat inflation forecasts and political uncertainty. At the time of writing, GBP/USD is trading at...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Energy Crisis Weighed Heavy

26 Aug 2022 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Energy Crisis Weighed Heavy

Pound (GBP) Under Pressure amid Mounting Cost-of-Living Crisis The Pound (GBP) failed to find much demand on Friday as Ofgem, the UK’s energy regulator announced the energy price cap to rise by 80% and hit £3449 from October. With the cost-of-living crisis worsening after inflation breached 10.1% last month, UK households will come...

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Pound US Dollar (GBP/USD) Exchange Rate Dips Ahead of Chicago Fed Data

22 Aug 2022 at 11 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Dips Ahead of Chicago Fed Data

GBP/USD Exchange Rate Ticks Down on UK Headwinds The Pound US Dollar (GBP/USD) exchange rate is weakening this morning as a risk-off mood draws safe-haven support to the US Dollar (USD) while the Pound (GBP) succumbs to external headwinds amid a lack of domestic data. At the time of writing, GBP/USD is trading at $1.1804, down...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Slumped Despite Uptick in UK Retail Sales

19 Aug 2022 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Slumped Despite Uptick in UK Retail Sales

Pound (GBP) Plunged Despite Surprising Retail Sales The Pound (GBP) plummeted against many of its rivals on Friday as the weight of the cost-of-living crisis wiped out any positivity from better-than-expected retail sales. A surprising rise of 0.3% in retail sales compared to an expected 0.2% decline did little to boost the Pound....

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Inflation Hits Double Digits

17 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered as UK Inflation Hits Double Digits

Pound (GBP) Surged on Fresh 40-Year High Inflation The Pound (GBP) found considerable strength against most of its rivals in the wake of annual inflation rate surging beyond market expectations and hit 10.1% for the month of July. With market expectations of a 9.8% climb, still above the June’s reading of 9.4%, CPI leapt to double digits...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Plunged on Contracting UK Economy

12 Aug 2022 at 1 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Plunged on Contracting UK Economy

Pound (GBP) Plummeted on Recession Expectations The Pound (GBP) fell against its rivals as GDP growth data for June compounded recession fears. Despite printing marginally better than an expected 1.3% contraction, the UK economy still declined 0.6% MoM. Quarterly, the UK economy also contracted, the first decline in a year as it fell by...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Trends Sideways after Surprise US PPI Fall

11 Aug 2022 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate Trends Sideways after Surprise US PPI Fall

Pound US Dollar (GBP/USD) Exchange Rate Climbs Rangebound amid Risk-Off Mood The Pound US Dollar (GBP/USD) exchange traded within a narrow range on Thursday after a fall to US PPI figures. The data extended the US Dollar’s (USD) sell-off which helped the currency pair to climb. Additionally, a risk-on market mood helped to bolster...

CATEGORIES: Pound Dollar Forecasts

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