Pound Dollar forecast page 17 - GBP USD

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...

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...

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....

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...

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...

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...

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...

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...

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...

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,...