Pound Dollar forecast page 23 - GBP USD
A round up of the latest Pound Dollar forecast news items from the Currency News desk.
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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
Pound US Dollar Exchange Rate News: GBP/USD Strengthened ahead of US Inflation Reading
10 Aug 2022 at 12 PM - Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Strengthened ahead of US Inflation Reading
US Dollar (USD) Quiet Ahead of Key Inflation Data The US Dollar (USD) remains subdued ahead of annual CPI reading for the month of July. With future rate hikes from the Federal Reserve hinging on the readings, the US Dollar could see significant movement. With inflation expected to ease from 9.1% to 8.7%, as fuel and energy prices have...
CATEGORIES: Pound Dollar Forecasts
Pound US Dollar (GBP/USD) Exchange Rate Jerks Up on Moderate Risk Appetite
8 Aug 2022 at 11 AM - Written by John Cameron
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Jerks Up on Moderate Risk Appetite
GBP/USD Exchange Rate Eases Higher despite GDP Forecasts The Pound US Dollar (GBP/USD) exchange rate is trending gradually higher this morning despite UK headwinds in the form of bleak GDP forecasts. Meanwhile, the US Dollar is consolidating Friday’s gains, although gains are capped by a mild risk-on mood. At the time of...
CATEGORIES: Pound Dollar Forecasts