Pound Dollar forecast page 12 - GBP USD

Foreign exchange strategists at Commerzbank expect the Pound to Dollar (GBP/USD) exchange rate to edge lower to 1.20 at the end of 2023 with only a tentative recovery to 1.22 at the end of next year. ING sees scope for a stronger recovery to 1.29 at the end of 2024 amid dollar losses. Risk appetite has deteriorated further during...

The Pound to Dollar (GBP/USD) exchange rate remained under pressure in early Europe on Thursday and dipped sharply to 2-week lows below the 1.2100 level. Markets drew some limited reassurance from Fed Chair Powell's comments later in the day and GBP/USD recovered to 1.2180. Overall risk conditions and Middle East fears suggest that...

Geo-Political Fears Undermine the Pound Exchange Rates The latest UK inflation data maintained an important element of uncertainty surrounding Bank of England policies. With no decisive UK lead, Sterling markets overall have been focussed on Middle East fears and safe-haven dollar demand. The Pound to Dollar (GBP/USD) exchange...

Transatlantic Economic Data Releases Push the Pound Lower, GBP/USD Exchange Rate Trades Below 1.2150 The combination of slightly weaker-than-expected UK wages data and a firm US retail sales release pushed the Pound to Dollar (GBP/USD) exchange rate below the 1.2150 level and a weak UK inflation release could drive further losses towards...

Pound Sterling (GBP) was able to make headway against the Euro (EUR) and Dollar (USD) on Monday with significant support from gains in UK and global equities. With a slightly softer US currency, the Pound to Dollar (GBP/USD) exchange rate secured net gains to around 1.2215. The latest data on UK wages was slightly weaker than expected...

The Pound to Dollar (GBP/USD) exchange rate came under further pressure on Friday under the influence of a stronger dollar and weaker risk appetite. With position adjustment ahead of the weekend, GBP/USD dipped to lows at 1.2125 before stabilising. The Pound to Euro (GBP/EUR) exchange rate retreated to lows at 1.1540 and after a brief...

Currency strategists at ING forecast that the Pound to Dollar exchange rate will strengthen to 1.28 on a 12-month view, primarily under the influence of a weaker dollar. The bank, however, has dropped its previous forecast of a move above 1.30 while Commerzbank expects GBP/USD will make no real progress and forecasts a rate of 1.22 in 12...

The Pound to Dollar (GBP/USD) exchange rate briefly posted 3-week highs just above 1.2330 on Thursday, but failed to hold the gains. The combination of subdued UK data, mixed Bank of England rhetoric and slightly stronger-than-expected US inflation data triggered a significant reversal with GBP/USD sliding to 1.2250. US consumer prices...

Pound (GBP) Buoyed by Welcome Return to Growth The Pound (GBP) saw modest success against many of its rivals on Wednesday morning in the wake of market expectations of a 0.2% increase. Coming after a 0.3% contraction in March, the UK economy rebounded to boost investors’ spirits. The biggest contributor to the increase was marked...

Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data The Pound US Dollar (GBP/USD) exchange rate strengthened significantly during Tuesday’s trade, following hotter-than-expected UK labour data, which cemented an additional rate hike from the Bank of England (BoE). At the time of writing, GBP/USD...