Pound Dollar forecast page 4 - GBP USD

The Pound to Dollar (GBP/USD) exchange rate drifted ahead of Tuesday’s New York open and then finally broke above the 1.2700 level after slightly weaker-than-expected US data. GBP/USD posted 1-month highs at 1.2730 and held the gains. GBP/USD will now need to hold above 1.2700 into and through the major events on Wednesday with the...

Pound Sterling has edged higher on Monday while the US Dollar has lost some ground against European currencies. The Pound to Dollar exchange rate (GBP/USD) has moved to test 1-week highs at the 1.2700 level after the New York open. GBP/USD has already tested the 1.2700 level four times in the last 10 days without being able to make...

Currency exchange analysts at MUFG and ING both expect that the Pound to Dollar exchange rate (GBP/USD) will trade just above 1.30 at the end of 2024 as the dollar loses ground. HSBC, however, expects GBP/USD to lose ground during the year. GBP/USD was unchanged on the week close to 1.2650. According to ING; “Continued investor...

Thursday’s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar selling as US yields declined. The Pound to Dollar (GBP/USD) exchange rate edged higher to 1.2670. GBP/USD will need substantial month-end dollar selling to make a...

The Pound to Dollar exchange rate (GBP/USD) came under pressure in early Europe on Wednesday and hit 5-day lows close to 1.2620 as equities moved lower. Scotiabank commented; “A mild bid for the USD generally yesterday developed a little more in overnight trade, largely reflecting weaker risk appetite as stocks in Asia and Europe...

The Pound to Dollar exchange rate (GBP/USD) was again unable to break the 1.2700 level on Tuesday and retreated to near 1.2660 after the New York open before settling around 1.2675. GBP/USD needs to break 1.2700 to make further headway with markets looking at month-end trading to break the deadlock. The dollar secured a net gain...

The Pound to Dollar (GBP/USD) exchange rate has edged higher during Monday, although the main feature has again been very narrow ranges with resistance at the 1.2700 level and consolidation around 1.2680. The dollar overall has drifted lower against European currencies with low volatility encouraging flows out of the US currency....

Bank of America analysts expect the Pound to Dollar exchange rate (GBP/USD) to strengthen to 1.37 at the end of 2024. Credit Agricole sees scope for near-term Pound backing, but expects that GBP/USD will retreat to 1.25 at the end of the year. The main focus was on bond and equity markets during the week. There were strong gains on...

The Pound to Dollar exchange rate (GBP/USD) has been able to make headway on Thursday, although there has been an element of head scratching over market trends and GBP/USD has not been able to regain the 1.2700 level. Wall Street posted strong gains on Thursday with a further surge in Nvidia pushing the S&P 500 index to a fresh record...

The Pound to Dollar exchange rate (GBP/USD) jumped to 20-day highs above 1.2700 in early Europe on Thursday, but failed to hold the gains and retreated sharply to around 1.2620. US data was mixed, but the narrative of strong US asset prices was reinforced by another round of strong Wall Street gains as the S&P 500 index posted a fresh...