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Pound Dollar forecast page 29 - GBP USD

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

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Pound Sterling Braced for Huge Overnight Swings on US Election Result

6 Nov 2024 at 7 AM - Written by David Woodsmith

Currency markets are relatively calm on Tuesday as traders await the US election results, but there are expectations of high volatility once results start to be projected. The Federal Reserve and Bank of England (BoE) interest rate decisions will also be important background influences. The dollar has drifted lower, but the Pound to...

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Pound US Dollar Exchange Rate Rises amid US Election Jitters

4 Nov 2024 at 5 PM - Written by John Cameron

The Pound to US Dollar (GBP/USD) exchange rate got off to a positive start this week as USD investors turned cautious ahead of the US presidential election. At the time of writing, GBP/USD was trading around $1.2962, up approximately 0.3% from Monday’s opening levels. The US Dollar (USD) softened on Monday, with USD investors...

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Pound to Dollar Week Ahead Forecast: Washington and London Drama

3 Nov 2024 at 10 AM - Written by Frank Davies

UBS expects the Pound to Dollar (GBP/USD) exchange rate to strengthen to 1.38 by June 2025. During the week, GBP/USD dipped to 10-week lows just below 1.2850 following the UK budget before a recovery to 1.2960. Markets expect a Trump victory would provide initial dollar support with a softer tone in Harris wins. Chancellor Reeves...

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Pound to US Dollar Exchange Rate Subdued following US Inflation Data

1 Nov 2024 at 7 AM - Written by Tim Boyer

The Pound US Dollar exchange rate treaded water on Thursday following the publication of the latest US core PCE price index. At the time of writing, GBP/USD was trading at approximately $1.2975, virtually unchanged from the start of Thursday’s session. The US Dollar (USD) faced challenges in attracting buyers against most of its...

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Pound US Dollar Exchange Rate Fluctuates following UK Budget and US GDP

31 Oct 2024 at 7 AM - Written by David Woodsmith

The Pound US Dollar exchange rate wavered on Wednesday following the publication of the UK’s Autumn Budget and the US’s latest GDP data. At the time of writing, GBP/USD was trading at approximately $1.2998, up almost 0.2% from the start of Wednesday’s session. While the Pound (GBP) held its ground against the US Dollar (USD),...

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Pound US Dollar Exchange Rate News: GBP/USD Fluctuates ahead of High-Impact Events

29 Oct 2024 at 8 PM - Written by Ben Hughes

The Pound US Dollar (GBP/USD) exchange rate fluctuated on Tuesday as markets braced for high-impact events later in the week. At the time of writing, GBP/USD traded at $1.2972, having wavered in a narrow range during the session. The Pound (GBP) found support against its weaker counterparts on Tuesday, though it faced resistance in...

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Pound US Dollar Exchange Rate Subdued

28 Oct 2024 at 2 PM - Written by Frank Davies

The Pound US Dollar exchange rate treaded water on Monday following the publication of some below forecast UK data. At the time of writing, GBP/USD was trading at approximately $1.2978, virtually unchanged from the start of Monday’s session. The Pound (GBP) faced difficulties attracting investors on Monday after the release of...

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Pound to Dollar Week Ahead Forecast: For GBP/USD Reeves and Trump to Dominate

27 Oct 2024 at 3 PM - Written by Tim Boyer

HSBC expects the Pound to Dollar (GBP/USD) exchange rate will weaken to at least 1.25 over the next few months. The bank is broadly bearish on the Pound and net dollar gains to drive Cable lower. Danske Bank considers that GBP/USD can hold above 1.30 on a 6-month view. GBP/USD dipped to 10-week lows near 1.2900 before a recovery...

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Pound Sterling: UK Data Damages GBP/USD Rally Attempt from 10-Week Lows

25 Oct 2024 at 1 PM - Written by Frank Davies

The Pound to Dollar (GBP/USD) exchange rate dipped sharply to 10-week lows just above 1.2900 on Wednesday before a tentative recovery to 1.2955. Weaker than expected UK business confidence data hampered the Pound, but the dollar retreated from 10-week highs amid a decline in US yields which provided some GBP/USD respite. UK yields...

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Pound US Dollar Exchange Rate News: GBP/USD Subdued amid ‘Trump Trade’

24 Oct 2024 at 8 AM - Written by John Cameron

The Pound US Dollar exchange rate trended mostly flat on Wednesday as both UK and US data releases were thin on the ground. At the time of writing, GBP/USD was trading at approximately $1.2975, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) strengthened against most of its peers on Wednesday, buoyed...

CATEGORIES: Pound Dollar Forecasts