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Pound Dollar forecast page 36 - GBP USD

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

LIVE EXCHANGE RATE 22:50:02 Pound Dollar Rate »
GBP/USD +0 Days Low Days High Last Daily
1.37331 ▲ +0.1% 1.3674 1.3741 1.37191

ECB Decision: Pound to Dollar Rate Needs Hawkish Guidance to Break Above 1.28

7 Jun 2024 at 8 AM - Written by John Cameron

STORY LINK ECB Decision: Pound to Dollar Rate Needs Hawkish Guidance to Break Above 1.28

The Pound to Dollar exchange rate (GBP/USD) has again been unable to hold above the 1.2800 level and traded around 1.2780 on Thursday. Domestic developments have remained limited with the 80th anniversary of D-Day commemorations taking immediate heat out of the General Election campaign. Global developments are again likely to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

5 Jun 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling Unable to Hold 11-Week Best Rate Against US Dollar

The Pound to Dollar exchange rate (GBP/USD) briefly hit 11-week highs just below 1.2820 around Tuesday’s European open as the dollar index (DXY) retreated to 8-week lows and touched the 104.00 level. The Pound failed to hold the gains and retreated to around 1.2780 as the dollar recovered ground against European currencies with DXY...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Forecast: USD Tipped to Dominate Cable

2 Jun 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Forecast: USD Tipped to Dominate Cable

Morgan Stanley currency strategists expect the dollar will continue to dominate markets with the Pound to Dollar (GBP/USD) exchange rate retreating to 1.24 at the end of 2024. Bank of America, however, expects that GBP/USD will strengthen to 1.33 at the end of 2024. The Pound to Dollar (GBP/USD) exchange rate hit 1.2800 during the...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

28 May 2024 at 4 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook Today: Interest Rate Expectations Dominate GBP vs EUR, USD

The Pound to Dollar exchange rate (GBP/USD) has made further headway and traded around 1.2765 on Tuesday, close to 2-month highs near 1.2785. The Pound has continued to gain net support from an unwinding of expectations that the Bank of England will be in a position to cut interest rates at the June policy meeting. The dollar has...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Forecast: 1.25 by End 2024 say Credit Agricole

26 May 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound to Dollar Exchange Rate Forecast: 1.25 by End 2024 say Credit Agricole

Standard Chartered forecasts that the Pound to Dollar exchange rate (GBP/USD) will weaken to 1.21 in three months with only a marginal recovery to 1.22 on a 12-month view. Credit Agricole expects GBP/USD to trade at 1.25 at the end of 2024 before a gain to 1.35 at the end of next year. GBP/USD hit 2-month highs above 1.2750 after...

CATEGORIES: Pound Dollar Forecasts

Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27

22 May 2024 at 7 AM - Written by John Cameron

STORY LINK Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27

The Pound to Dollar (GBP/USD) exchange rate held firm on Monday and traded above the 1.2700 level on Tuesday, close to 2-month highs, as low volatility limited support for the dollar. If dollar moves remain limited, GBP/USD moves will tend to be dominated by the UK inflation data and Bank of England (BoE) interest rate...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Exchange Rate Forecast: UK CPI This Week

19 May 2024 at 1 PM - Written by Frank Davies

STORY LINK Pound to US Dollar Exchange Rate Forecast: UK CPI This Week

The Pound to Dollar exchange rate GBP/USD jumped after the latest US inflation data and, after a correction, there was a fresh advance to 5-week highs just above the 1.27 level. Danske Bank expects GBP/USD will weaken to 1.17 on a 12-month view while ING expects the pair will be held to 1.25 as the Pound loses ground in global...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Supported by Buoyant Global Risk Conditions

17 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Supported by Buoyant Global Risk Conditions

The Pound to Dollar exchange rate (GBP/USD) spiked higher in initial reaction to Wednesday’s US inflation data. Although there was a quick correction, momentum built again late in the session with renewed dollar losses and gains for European currencies. GBP/USD peaked at a fresh 5-week high of 1.2700 in early Asia before a limited...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Outlook: 10-Day Best Ahead of Crucial US Inflation Data

15 May 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Outlook: 10-Day Best Ahead of Crucial US Inflation Data

The Pound to Dollar exchange rate (GBP/USD) secured gradual progress on Tuesday and advance to 10-day highs just above 1.2600 on Wednesday. Three major US data releases during the day will be crucial for near-term GBP/USD direction with a potential-jump if inflation data is benign while there will be a sharp dip if the data is higher...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

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