Pound Dollar forecast page 18 - GBP USD

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,...

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...

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...

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...

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...

Pound (GBP) Softened amid Mounting Economic Fears The Pound (GBP) struggled for demand on Monday morning amid a lack of economic data left Sterling exposed to a flurry of external factors. Taking a break from the usual domestic woes, Sterling looks to be under pressure from mounting fears of a global recession once more. According to...

US Dollar (USD) Slipped along with US Inflation The US Dollar (USD) fell as headline inflation softened in line with expectations. Annualised CPI fell for the sixth straight month to 6.5%, the lowest level since October 2021. Despite a welcome softening of inflation to the rest of the market, USD investors could be feeling disheartened...

Pound (GBP) Subdued amid Ever-Downbeat Domestic Issues The Pound (GBP) once again struggled for demand in a week relatively devoid of economic data. Leaving Sterling vulnerable to domestic woes, the UK’s largest house builder compounded those issues with a stark warning. As mortgage approvals continue to slide, along with house...

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