Pound Dollar forecast page 34 - GBP USD

Broad US Dollar weakness has persisted this week, causing the British Pound to US Dollar (GBP/USD) exchange rate to hit its best levels in a month. The pair is struggling to hold those highs however, amid a lack of fresh upside support for Sterling. With both the Pound and US Dollar running out of steam lately, volatility may be ahead unless...

GBP/USD Exchange Rate Steady as US Retail Sales Beat Forecasts The Pound US Dollar (GBP/USD) exchange rate held steady this morning after the ‘Greenback’ was undermined by a dovish Federal Reserve. The Fed’s Chairman Jerome Powell suggested that it was unlikely that the bank would raise interest rates until as late as next year....

Optimism about Britain’s coronavirus recovery outlook is keeping the British Pound to US Dollar (GBP/USD) exchange rate trending with an upside bias today, as investors sell the US Dollar again. The US Dollar’s strength from earlier in the week has already faded as the latest US inflation data has done little to support the hawkish bets...

GBP/USD Exchange Rate Rangebound as ‘Greenback’ is Buoyed by Safe-Haven Demand The Pound US Dollar exchange rate held steady today following President Joe Biden’s announcement of a $2 trillion infrastructure stimulus package. The pairing is currently fluctuating around $1.37. Mr. Biden commented on the stimulus plan: ‘It is...

Despite some stronger than expected UK data and continued attempts for the Pound to advance, the British Pound to US Dollar (GBP/USD) exchange rate has been struggling so far this week. The US Dollar continues to ramp up strength and firm higher as markets become more confident in the US recovery outlook, and upcoming news and data may be...

GBP/CHF Exchange Rate Falls as Souring Risk Sentiment Boost Safe-Haven Swiss Franc The Pound Swiss Franc (GBP/CHF) exchange rate fell today as risk-off market mood has driven demand for the safe-haven Swiss currency. The pairing is currently trading around 1.29fr. Today also saw the Swiss National Bank hold interest rates at -0.75%,...

The Pound to US Dollar exchange rate is rangebound this afternoon as Pound investors await the outcome of the EU vaccine summit. At the time of writing the pair are currently trading at around $1.3726 with the US Dollar supported by better-than-expected GDP growth and decrease in jobless claims from the US. Pound Sterling (GBP) Exchange...

Pound Dollar Exchange Rate Sinks as UK-EU Vaccine Tensions Dampen UK Market Confidence The Pound US Dollar (GBP/USD) exchange rate fell by -0.5% following yesterday’s comments from Prime Minister Boris Johnson, who warned that Europe’s third-wave of Covid-19 infections will ‘wash up on our shores’. The pairing is currently...

Despite some stronger than expected UK data today, the British Pound to US Dollar (GBP/USD) exchange rate slipped from its best levels all week. The US Dollar has also been recovering slightly from its mid-week slump, overall ending a mixed week which saw strong performance from both the Pound and US Dollar. Looking ahead, key US data and...

GBP/USD Exchange Rate Edges Higher on Positive UK Business Morale The Pound to US Dollar (GBP/USD) exchange rate rose today following a bout of upbeat UK economic news. The pairing is currently fluctuating around $1.38. Today saw UK business confidence hit 12-month highs. The BDO’s Services Optimism Index beat forecasts, rising to...