Pound Dollar forecast page 27 - GBP USD

Pound (GBP) Firms in the Face of No Confidence Vote The Pound (GBP) is trading positively this morning following the news that Boris Johnson will face a vote of no confidence later this evening. A spokesperson for Johnson said: ‘The PM welcomes the opportunity to make his case to MPs and will remind them that when they're united and...

GBP/USD Retreats on Disappointing UK PMI Readings The Pound US Dollar (GBP/USD) exchange rate is dropping this morning in response to the UK’s weaker-than-predicted PMI figures. Meanwhile, the US Dollar (USD) is being buoyed by global recession fears sparked by China’s ongoing lockdown. At the time of writing, the GBP/USD exchange...

Pound US Dollar (GBP/USD) Exchange Rate Shoots Upward amid USD Profit-Taking The Pound US Dollar (GBP/USD) exchange rate is skyrocketing and close to hitting two-week highs today. Better-than-expected UK employment figures are likely helping to push the currency pair higher today, as well as a recovery in global risk appetite. US...

US Dollar (USD) Falters after Hitting Two-Year Highs The US Dollar (USD) softened overnight after a shift in risk sentiment saw investors move from the safe-haven currency in the wake of news of the reopening of Shanghai. Deputy Mayor Wu Qingat stated that the city is aiming for zero Covid infections by mid-May, with Shanghai opening...

GBP/USD Mixed as Queen’s Speech Delivered The Pound US Dollar (GBP/USD) exchange rate is subdued as the Queen’s speech outlines how the UK government will support the UK economy. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.2349, with minimal movement from today’s opening levels. Pound...

GBP/USD Drops Ahead of BoE Interest Rate Decision The Pound US Dollar (GBP/USD) exchange rate is falling as GBP investors brace for the latest interest rate decision from the Bank of England (BoE). At the time of writing, the GBP/USD exchange rate is trading at approximately $1.2524, down roughly 0.7% from today’s opening...

GBP/USD Directionless amid Risk-On Sentiment The Pound US Dollar (GBP/USD) exchange rate is mixed as risk on sentiment places pressure on the safe haven ‘Greenback’. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.2543, with minimal movement from today’s opening levels. US Dollar (USD)...

GBP/USD Falls as Chinese Lockdown Fears Prompts Bearish Trade The Pound US Dollar (GBP/USD) exchange rate is dropping as the latest round of lockdowns across China unsettles markets, driving a risk-off mood. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.2730, roughly down by 0.8% from today’s...

GBP/USD Exchange Rate Trades Sideways on Mixed Trading Stimuli The Pound US Dollar (GBP/USD) exchange rate is wavering so far today as both currencies face headwinds. Pound (GBP) sentiment is dampened by a weak economic growth forecast as well as political volatility following the ‘Partygate’ scandal; meanwhile, the US Dollar...

GBP/USD Rises amid Risk-On Sentiment The Pound US Dollar (GBP/USD) exchange rate is trading slightly higher amid improving risk appetite. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3037, roughly up by 0.3% from today’s opening levels. Pound (GBP) Climbs as Risk-On Sentiment Returns The...