Pound Dollar forecast page 5 - GBP USD

The Pound to Dollar (GBP/USD) exchange rate edged higher in early Europe on Monday with highs at 1.2630, but it failed to hold the gains and drifted lower later in the session with a move back below the 1.2600 level to trade around 1.2585. Overall trading conditions were notably subdued with US markets closed for the President’s Day...

ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground. Danske Bank, however, expects GBP/USD will weaken to 1.18 on the same timeframe. GBP/USD was held in tight ranges overall and traded just below 1.2600 after finding support above February...

The Pound to Dollar (GBP/USD) exchange rat briefly spiked higher after the UK retail sales data, but failed to hold the gains and retreated to near 1.2550 after stronger-than-expected US data. Strong UK data failed to boost the Pound and a sharp 1.3% advance for the FTSE 100 index also failed to provide support. As far as US data...

US Dollar Grip Loosens Slightly After Weaker US Retail Sales Data, GBP/USD Exchange Rate Holds Above February Lows The Pound posted limited losses after the latest UK GDP data before recovering some ground after the weaker-than-expected US retail sales data. The overall reaction was limited given that data also recorded a rebound in US...

The Pound to Dollar exchange rate fell back sharply for investors looking to sell Sterling on Wednesday. Inflation data on both sides of the Atlantic have been crucial over the past 24 hours. US inflation data for January was stronger than expected which inflicted further damage to hopes for an early Federal Reserve interest rate...

The Pound to Dollar (GBP/USD) exchange rate posted robust gains after stronger-than-expected UK labour-market data, but this was more than reversed after hot US inflation data with a slide to 1.2590 from 1.2690 highs. According to Danske Bank; “Unless we see a notable turnaround in US data, we anticipate the USD to remain strong in...

NatWest analysts forecast that the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.30 at the end of 2024. RBC Capital Markets has raised its forecasts, but still expects GBP/USD will retreat to 1.24 at the end of the year. After a slide to 7-week lows near 1.2520 early in the week, GBP/USD recovered to 1.2635 at the end...

European currencies posted fresh losses on Thursday while the dollar posted net gains with a strong advance against the yen with USD/JPY breaking above the 149.00 level for the first time in over two months. In this environment, the Pound to Dollar (GBP/USD) exchange rate dipped back below the 1.2600 level to trade around...

Positive Fundamentals Underpin the Pound, GBP/USD Exchange Rate Holds Above 1.2600 The Pound to Dollar (GBP/USD) exchange rate made further headway in Europe on Wednesday with a peak just above 1.2640. Firm domestic data provided net currency support, but UK equities lost ground later in the session and GBP/USD retreated to...

US Dollar Strength Dominates Markets, GBP/USD Exchange Rate Slides to 7-Week Lows The UK data was firm on Monday, but the Pound was unable to draw any benefit and the Pound to Dollar (GBP/USD) exchange rate posted further significant losses to 7-week lows at 1.2550. Dollar strength is liable to dominate for now unless there is...