Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Dollar forecast page 23 - GBP USD

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

LIVE EXCHANGE RATE 05:27:48 Pound Dollar Rate »
GBP/USD -0 Days Low Days High Last Daily
1.26217 -0% 1.26168 1.26314 1.26218

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

22 Aug 2022 at 11 AM - Written by John Cameron

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

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

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

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

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

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 Revisits Monday’s Levels on Bearish USD Trading

9 Aug 2022 at 4 PM - Written by John Cameron

GBP/USD Exchange Rate Firms, Drops as UK Headwinds Escalate The Pound US Dollar (GBP/USD) exchange rate rose initially through today’s session as upbeat UK retail data buoyed the Pound (GBP), but subsequently fell on cost-of-living pressures. Meanwhile, US Dollar (USD) investors were bearish ahead of Wednesday’s CPI...

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

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

Pound US Dollar Exchange Rate News: GBP/USD Slipped Despite BoE Raising Interest Rates by 50bps

4 Aug 2022 at 3 PM - Written by John Cameron

Pound (GBP) Plummeted Despite Substantial Interest Rate Hike The Pound (GBP) suffered substantial losses as the Bank of England (BoE) issued a concerning assessment of the UK economy. Despite raising interest rates by the fastest rate in 27 years, the central bank also warned that the UK economy is headed straight for a recession by the...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Rallied amid Modest Recovery in Global Market Sentiment

3 Aug 2022 at 12 PM - Written by John Cameron

Pound (GBP) Firmed Despite Drop in Service Sector Growth The Pound (GBP) saw mixed success against its rivals as a downward revised 52.6 from an expected 53.3 edged the services sector ever closer to stagnation. The softest expansion in the sector in 17 months was due to soaring inflationary pressures having a direct impact on consumer...

CATEGORIES: Pound Dollar Forecasts