Pound Dollar forecast page 27 - GBP USD
A round up of the latest Pound Dollar forecast news items from the Currency News desk.
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Pound to Dollar Rate: GBP Fluctuates vs USD on Trump’s Tariff Plans
27 Nov 2024 at 8 AM - Written by David Woodsmith
STORY LINK Pound to Dollar Rate: GBP Fluctuates vs USD on Trump’s Tariff Plans
The Pound to US Dollar (GBP/USD) exchange rate saw choppy trading on Tuesday as markets reacted to Donald Trump’s announcement of sweeping new tariffs.
The US Dollar (USD) initially surged during the Asian session on Tuesday following a statement by President-elect Donald Trump, who revealed plans to introduce tariffs on imports...
CATEGORIES: Pound Dollar Forecasts
Pound Euro Exchange Rate Softens following Trump Tariff Announcement
27 Nov 2024 at 8 AM - Written by Frank Davies
STORY LINK Pound Euro Exchange Rate Softens following Trump Tariff Announcement
The Pound Euro (GBP/EUR) exchange rate slipped on Tuesday following Donald Trump’s proposed tariff plans.
The Euro (EUR) gained ground against most currencies on Tuesday following the revelation of Donald Trump's latest tariff proposals for the United States.
In the wake of Trump's election victory less than a month ago, EUR...
CATEGORIES: Pound Dollar Forecasts
GBP/USD Outlook: Trump Trade Talk Dominates Markets, Pound-Dollar Steady
27 Nov 2024 at 8 AM - Written by David Woodsmith
STORY LINK GBP/USD Outlook: Trump Trade Talk Dominates Markets, Pound-Dollar Steady
Overnight, US President-elect Trump stated that he would levy 25% tariffs on shipments from Mexico and Canada due to failure to control drugs and illegal migration. He also reiterated that there would be 10% tariffs on goods from China.
In relative terms, there are expectations that the UK will not be a major target which could protect...
CATEGORIES: Pound Dollar Forecasts
Trump Expectations Dominate the Pound, GBP/USD Bounces
25 Nov 2024 at 3 PM - Written by Frank Davies
STORY LINK Trump Expectations Dominate the Pound, GBP/USD Bounces
The US Dollar traded lower at the Monday open following the news that President-elect Trump had nominated Scott Bessent to be Treasury Secretary.
The nomination of Bessent increased hopes of less disruptive US trade policies which triggered a dollar correction and recovery in European currencies, but underlying US currency sentiment...
CATEGORIES: Pound Dollar Forecasts
GBP to USD Exchange Rate Outlook: Sterling Underpinned by Positive Market Mood
25 Nov 2024 at 3 PM - Written by Ben Hughes
STORY LINK GBP to USD Exchange Rate Outlook: Sterling Underpinned by Positive Market Mood
The Pound US Dollar exchange rate edged higher at the start of the week, bolstered by Monday’s risk-on market mood.
At the time of writing, GBP/USD was trading at approximately $1.2568, up roughly 0.3% from the start of Monday’s session.
The Pound (GBP) kicked off the week with a robust performance against most other...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Rate Week Ahead Forecast: USD Strength Tipped to Continue
24 Nov 2024 at 11 AM - Written by Frank Davies
STORY LINK Pound to Dollar Rate Week Ahead Forecast: USD Strength Tipped to Continue
HSBC expects that the Pound to Dollar (GBP/USD) exchange will edge lower to 1.24 by June 2024.
The bank is forecasting significant net dollar gains, but with GBP/USD losses contained by a Pound advance against the Euro.
UBS has scaled back its GBP/USD forecasts following the US election, but still expects gains to 1.33 by the middle...
CATEGORIES: Pound Dollar Forecasts
GBP/USD Outlook: Pound to US Dollar Exchange Rate Slides Towards 1.25
22 Nov 2024 at 12 PM - Written by James Fuller
STORY LINK GBP/USD Outlook: Pound to US Dollar Exchange Rate Slides Towards 1.25
The Pound US Dollar exchange rate treaded water on Thursday despite the UK’s latest borrowing figures outpacing estimates.
At the time of writing, GBP/USD was trading at approximately $1.2641, virtually unchanged from the start of Thursday’s session.
The Pound (GBP) stumbled against most currencies on Thursday after the UK's...
CATEGORIES: Pound Dollar Forecasts
European Currencies Out of Favour, GBP to USD Rate Close to 6-Month Lows
22 Nov 2024 at 12 PM - Written by Frank Davies
STORY LINK European Currencies Out of Favour, GBP to USD Rate Close to 6-Month Lows
The Pound to Dollar (GBP/USD) exchange rate has been unable to make headway and drifted to 1.2625 on Thursday, close to 6-month lows just below 1.2600.
Overall risk conditions are less benign amid concerns over an escalation in the Ukraine conflict which is curbing support for European currencies.
ING commented; “That the Biden...
CATEGORIES: Pound Dollar Forecasts
Pound US Dollar (GBP/USD) Exchange Rate Firm on Surprise UK Inflation Upside
21 Nov 2024 at 9 AM - Written by Toni Johnson
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Firm on Surprise UK Inflation Upside
The Pound to US Dollar (GBP/USD) exchange rate traded in a tight range on Wednesday as stronger-than-expected UK inflation data balanced out broader market risk aversion.
At the time of writing, GBP/USD was trading around $1.2680, showing little movement from Wednesday’s opening levels.
The Pound (GBP) strengthened on...
CATEGORIES: Pound Dollar Forecasts
Flaring Russia-Ukraine Tensions Spark Pound US Dollar Exchange Rate Losses
20 Nov 2024 at 9 AM - Written by Tim Boyer
STORY LINK Flaring Russia-Ukraine Tensions Spark Pound US Dollar Exchange Rate Losses
The Pound US Dollar (GBP/USD) exchange rate weakened on Tuesday as worries about the Russia-Ukraine war sparked widespread risk aversion.
The Pound (GBP) dropped on Tuesday as mounting tensions in the Russia-Ukraine conflict weighed heavily on the UK currency.
Over the weekend, outgoing US President Joe Biden approved the use of US...
CATEGORIES: Pound Dollar Forecasts