Pound Dollar forecast page 25 - GBP USD

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...

Pound US Dollar Exchange Rate Drops ahead of BoE Interest Rate Decision The Pound US Dollar (GBP/USD) exchange rate slipped on Tuesday amid a prevalent risk-off trading sentiment. A poor outlook for the UK economy as well as subdued bets ahead of the Bank of England’s (BoE) interest rate decision may have also pulled the currency...

Pound US Dollar (GBP/USD) Exchange Rate Tumbles amid Risk-Off Mood The Pound US Dollar (GBP/USD) exchange rate is falling today amid a risk-off market mood. The promise of further industrial action in the UK may also be weighing on the currency pair. On the other hand, major losses for GBP/USD could be limited by a downturn to US...

Pound (GBP) Slips amid Bleak Economic Outlook The Pound (GBP) is under pressure today as soaring inflation continues to weigh on the UK economy. After yesterday’s hotter-than-expected CPI inflation, soaring prices to both fuel and food are set to continue to weigh on the UK economy. With worrying figures released today further...

GBP/USD Exchange Rate Trades Sideways on Combined Headwinds The Pound US Dollar (GBP/USD) exchange rate is trading in a narrow range so far today, as Pound (GBP) investors digest a higher-than-expected UK inflation release while the US Dollar (USD) struggles for support amid a risk-on market mood. At the time of writing, GBP/USD...

Pound (GBP) Firms Despite Mixed Employment Data The Pound (GBP) is climbing against some of its rivals today as employment figures came in better than expected and unemployment data remained unchanged at 3.8%. A record increase of 296,000 people entered the full-time workforce in the month of May. Despite the worsening cost-of-living...

GBP/USD Exchange Rate Catapulted by Renewed Risk Appetite The Pound US Dollar (GBP/USD) exchange rate has shot to a one-week high today as risk-on sentiment boosted the Pound (GBP) while the US Dollar (USD) was subdued by a lack of significant data and dwindling bets of a 100bps interest hike this month. At the time of writing,...

US Dollar (USD) Buoyant on Increased Rate Hike Bets The US Dollar (USD) is continuing its rally against most of its rivals today as expectations of aggressive Fed rate hikes have soared. The Bank of Canada (BoC) unexpectedly raised its interest rates by 100bps yesterday, boosting the possibility of the Fed raising interest rates higher...

GBP/USD Exchange Rate Wavers on Varied Tailwinds The Pound US Dollar (GBP/USD) exchange rate has fluctuated dramatically through today’s session, as upbeat UK data initially buoyed the Pound (GBP) before US inflation hit 9.1% and sparked US Dollar (USD) support. ‘Greenback’ investors have now turned hawkish, however, as...

Pound (GBP) Waves as Boris Johnson Announces Resignation The Pound (GBP) initially spiked as Boris Johnson announced his resignation but remains fairly muted as the political storm is yet to clear despite the PM stepping down. Within just two days, over 50 MPs resigned from Johnson’s government in the wake of the latest wave of scandals...