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Pound Dollar forecast page 31 - GBP USD

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

LIVE EXCHANGE RATE 09:07:19 Pound Dollar Rate »
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US Data Increases Dollar Uncertainty, GBP/USD Recovers from 4-Week Lows

13 Oct 2024 at 7 PM - Written by David Woodsmith

STORY LINK US Data Increases Dollar Uncertainty, GBP/USD Recovers from 4-Week Lows

The latest US data triggered fresh uncertainty over economic direction and also lead to choppy trading in currency markets. The Pound to Dollar (GBP/USD) exchange rate briefly dipped to 4-week lows at 1.3025 after the US data before a recovery to 1.3080. US consumer prices increased 0.2% for September, above consensus forecasts of...

CATEGORIES: Pound Dollar Forecasts

Hawkish Fed Meeting Minutes Fail to Dent Pound US Dollar Exchange Rate

13 Oct 2024 at 7 PM - Written by John Cameron

STORY LINK Hawkish Fed Meeting Minutes Fail to Dent Pound US Dollar Exchange Rate

The Pound US Dollar (GBP/USD) exchange rate fluctuated within a tight range on Thursday, even after the release of minutes from the Federal Reserve's recent policy meeting. As the time of writing, GBP/USD stood at $1.3073, showing little change from the day's opening levels. The US Dollar (USD) traded somewhat cautiously on...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Steady despite Cautious Market Mood

10 Oct 2024 at 7 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate Steady despite Cautious Market Mood

The Pound US Dollar exchange trod water on Wednesday amid a lack of domestic data releases and despite a return to risk-off trading conditions. At the time of writing, GBP/USD was trading at approximately $1.3094, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) attracted some investor attention on...

CATEGORIES: Pound Dollar Forecasts

Wave of Uncertainty Favours USD, Pound to Dollar Rate Near 3-Week Lows

9 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK Wave of Uncertainty Favours USD, Pound to Dollar Rate Near 3-Week Lows

Domestically, there are no major data releases until the latest GDP figure on Friday and global developments have dominated the Pound moves this week. The Pound to Dollar (GBP/USD) exchange dipped to 3-week lows at 1.3060 on Monday before a tentative recovery to 1.3090 on Tuesday. Weaker UK equities also curbed potential Pound...

CATEGORIES: Pound Dollar Forecasts

Cautious Investor Sentiment Holds Pound US Dollar (GBP/USD) Exchange Rate Steady

9 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK Cautious Investor Sentiment Holds Pound US Dollar (GBP/USD) Exchange Rate Steady

The Pound to US Dollar (GBP/USD) exchange rate traded in a narrow range on Tuesday morning, hovering just above the three-week low touched on Monday. At the time of writing, GBP/USD was trading around $1.3100, showing little movement from Tuesday’s opening levels. The US Dollar (USD) found some support on Tuesday, benefiting...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Undermined ahead of Federal Reserve Speeches

8 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Undermined ahead of Federal Reserve Speeches

The Pound US Dollar exchange lost ground on Monday as markets awaited several speeches from the Federal Reserve. At the time of writing, GBP/USD traded at approximately $1.3081, down roughly 0.3% from the start of Monday’s session. The US Dollar (USD) saw little movement against most of its counterparts on Monday, with a lack of...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: $1.32 Next

6 Oct 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Week Ahead Forecast: $1.32 Next

Foreign exchange strategists at MUFG expect the Pound to Dollar (GBP/USD) exchange rate to strengthen to 1.3600 at the end of the first quarter of 2025. ING expect a retreat to 1.30 in the short term while the longer-term outlook remains opaque due to the US elections. RBC Capital Markets expects GBP/USD to be capped at 1.35 over...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Exchange Rate Forecast, News: BoE Rate Cut Bets Dent Sterling

4 Oct 2024 at 12 PM - Written by John Cameron

STORY LINK Pound to US Dollar Exchange Rate Forecast, News: BoE Rate Cut Bets Dent Sterling

The Pound US Dollar (GBP/USD) exchange rate nosedived on Thursday morning, following some dovish remarks from Bank of England (BoE) Governor Andrew Bailey that sent the UK currency reeling. At the time of writing, GBP/USD traded at $1.3115, having plunged more than 1% since the start of the session. The Pound (GBP) came under...

CATEGORIES: Pound Dollar Forecasts

Foreign Exchange News: Middle East Fears Drive Dollar Gains, Israel’s Next Move Crucial

3 Oct 2024 at 1 PM - Written by David Woodsmith

STORY LINK Foreign Exchange News: Middle East Fears Drive Dollar Gains, Israel’s Next Move Crucial

The dollar has posted significant net gains over the past 24 hours, primarily due to an escalation in Middle East tensions and defensive demand for the US currency. Iran launched a wave of missiles against Israel in response to Israel’s killing of the Lebanese Hezbollah leader. There was a spike in risk aversion with a jump in oil...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

3 Oct 2024 at 1 PM - Written by John Cameron

STORY LINK GBP/USD Outlook: Pound Sterling Flat vs US Dollar following US ADP Employment Change

The Pound US Dollar exchange was trapped in a narrow range on Wednesday following the publication of some mid-tier US employment data. At the time of writing, GBP/USD was trading at approximately $1.3267, virtually unchanged from the start of Wednesday’s session. The US Dollar (USD) managed to stay above ground against most of its...

CATEGORIES: Pound Dollar Forecasts

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