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Pound Dollar forecast page 6 - GBP USD

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

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GBP USD Exchange Rate Under Pressure as Markets Brace for Federal Reserve Rate Hike

13 Jun 2018 at 3 PM - Written by Frank Davies

The Pound US Dollar (GBP/USD) exchange rate remained under pressure on Wednesday as investors reacted with disappointment to the latest UK consumer price index data. As the headline CPI held steady at 2.4% on the year in May, remaining at a one-year low, this prompted speculation that the inflation rate has peaked. This weaker showing...

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GBP to USD Exchange Rate Holds Most Weekly Gains on Bank of England (BoE) Speculation

8 Jun 2018 at 11 AM - Written by Toni Johnson

This week’s US data has not been strong enough to keep pressure on the British Pound to US Dollar (GBP/USD) exchange rate, as Sterling has benefitted from UK data and Bank of England (BoE) comments while investors have opted to sell the US Dollar from its recent highs. After opening this week at the level of 1.3348, GBP/USD has spent...

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Pound US Dollar (GBP/USD) Exchange Rate Rallies as US GDP Misses its Mark

30 May 2018 at 3 PM - Written by John Cameron

OECD Upgrades UK Growth Forecasts – Pound US Dollar (GBP/USD) Exchange Rate Climbs The Pound climbed against the US Dollar (GBP/USD) on Wednesday, bolstered by a downbeat revision in US GDP and news that the influential Organisation for Economic Cooperation and Development (OECD) has upgraded their growth forecast for the...

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Pound US Dollar (GBP/USD) Exchange Rate Stumbles as Investors Prepare for Important US Data

29 May 2018 at 5 PM - Written by John Cameron

Pound Euro (GBP/USD) Exchange Rate flirts with 6-Month Lows The Pound US Dollar (GBP/USD) exchange rate continued its fall on Tuesday, encumbered by last week’s disappointing UK consumer price inflation print and ongoing support for the ‘Greenback’ in light of the hawkish US Federal Reserve. There is, however, still some hope for...

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Pound US Dollar (GBP/USD) Exchange Rate Plummets as US PMIs Point to Solid Growth

23 May 2018 at 4 PM - Written by John Cameron

UK Inflation misses its Mark – Pound US Dollar (GBP/USD) Exchange Rate Tumbles The Pound US Dollar (GBP/USD) exchange rate tumbled on Wednesday as investors reacted to a disappointing UK consumer price inflation print and a raft of upbeat US purchasing managers’ index (PMI) readings. According to the Office for National Statistics...

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GBP/USD Slides Lower as US Labour Market Demonstrates Fresh Signs of Tightening

17 May 2018 at 4 PM - Written by Tim Boyer

Speculation over Brexit continued to weigh on the Pound US Dollar (GBP/USD) exchange rate on Thursday, with markets unsettled by conflicting reports on the prospect of continued customs union membership. Confidence in the US Dollar, meanwhile, picked up in response to a sharp surprise uptick in May’s Philadelphia Fed business outlook...

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Pound US Dollar (GBP/USD) Exchange Rate Tumbles on Rise in US Retail Sales Growth

15 May 2018 at 4 PM - Written by John Cameron

UK Unemployment Holds Strong – Pound (GBP) Exchange Rates Fail to Capitalise The Pound US Dollar (GBP/USD) exchange rate fell on Tuesday, failing to capitalise on a run of upbeat UK labour market releases and limited by a rise in US retail sales growth. According to the Office for National Statistics (ONS) unemployment in the UK...

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Pound US Dollar (GBP/USD) Exchange Rate Tumbles as Bank of England Proves Dovish

10 May 2018 at 1 PM - Written by John Cameron

BoE Leaves Rates on Hold, Pound US Dollar (GBP/USD) Exchange Rate Falls ‘Super Thursday’ is here, and it hasn’t been kind to Sterling. The Bank of England (BoE) has announced that they have kept the baseline interest rate on hold, with all members agreeing that ‘any future increases in the bank rate are likely to be at a gradual...

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Pound US Dollar (GBP/USD) Exchange Rate Climbs in Wake of Fed Policy Meeting

3 May 2018 at 12 PM - Written by John Cameron

The Pound US Dollar (GBP/USD) exchange rate is ticking higher this morning as markets react to the Federal Reserve latest policy meeting. US Dollar (USD) Exchange Rate Slips as Fed Looks to Maintain Current Pace of Tightening The US Dollar (USD) relinquished ground against most of its peers this morning, including the Pound (GBP) as...

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Pound US Dollar (GBP/USD) Exchange Rate Tumbles as US Inflation Picks Up

30 Apr 2018 at 3 PM - Written by John Cameron

The Pound US Dollar (GBP/USD) exchange rate struck a new three-month low on Friday as investors reacted to the latest US inflation figures. US Dollar (USD) Exchange Rate Strengthens as Inflation Picks Up The US Dollar (USD) continued to pressure the Pound (GBP) at the start of this week’s session on the back of some...

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