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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.

LIVE EXCHANGE RATE 11:41:30 Pound Dollar Rate »
GBP/USD +0 Days Low Days High Last Daily
1.26207 +0.02% 1.2586 1.26373 1.2618

Pound US Dollar Exchange Rate Sold Above 1.2700

21 Jan 2024 at 4 PM - Written by Ben Hughes

The Pound to Dollar (GBP/USD) exchange rate dipped after the latest UK retail sales data, although it was broadly resilient, especially with uncertainty over Bank of England policy. It also secured some support from net gains in equities and consolidated close to 1.2680 at Friday’s New York open. GBP/USD was, however, again unable to...

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Pound to Dollar: "Short-term Charts Reflect Better Selling Pressure Above 1.27"

19 Jan 2024 at 10 AM - Written by David Woodsmith

The Pound to Dollar (GBP/USD) exchange rate briefly moved above the 1.2700 level in early Europe on Thursday, but failed to hold the gains. Traders Buying Dollar Dips, GBP/USD Unable to Hold 1.2700 Despite Solid UK Data Pound sentiment held firm amid evidence of stronger housing data and a re-pricing of Bank of England interest rate...

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Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

15 Jan 2024 at 7 PM - Written by John Cameron

The Pound US Dollar (GBP/USD) exchange rate faced headwinds on Monday as a spell of gloomy trade buoyed the safe-haven US Dollar (USD) At the time of writing the GBP/USD was trading at $1.2718, down approximately 0.2% from this morning’s opening rate. US Dollar (USD) Exchange Rates Strengthen amid Cautious Trade The US Dollar...

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Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

14 Jan 2024 at 8 AM - Written by Frank Davies

HSBC forecasts that the Pound to Dollar exchange rate will slide to 1.18 at the end of 2024. NatWest, however, expects a limited net gain for GBP/USD to 1.30. GBP/USD found support on dips during the week amid a decline in US yields, but secured only a marginal net gain to 1.2740. There were geo-political concerns following US...

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Pound to Dollar Forecast: Buying on Dips Around 1.2720

11 Jan 2024 at 9 PM - Written by John Cameron

Stronger-than-expected US inflation data on Thursday triggered a dollar comeback in global currency markets. Overall risk conditions were less buoyant with significant UK losses and the Pound to Dollar (GBP/USD) exchange rate dipped to lows just below 1.2700 from highs close to 1.2780 ahead of the US open. There was buying on dips...

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GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

10 Jan 2024 at 2 PM - Written by John Cameron

The Pound to Dollar exchange rate found support below 1.2700 on Monday and hit highs at 1.2765 around the European close. GBP/USD was unable to make further headway on Tuesday and retreated to 1.2720 as the dollar fought back in global markets. Risk appetite was also slightly more cautious with no follow through from strong...

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Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

8 Jan 2024 at 7 AM - Written by Ben Hughes

MUFG forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.30 at the end of 2024. GBP/USD dipped to lows near 1.2600 before a recovery to just above 1.2700 and was resilient during the week. Consensus forecasts are for GBP/USD to trade at 1.29 at the end of 2024 amid a weaker dollar. Markets will be...

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Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

4 Jan 2024 at 5 PM - Written by David Woodsmith

The Pound to Dollar exchange rate posted highs above 1.2725 after the UK data on Thursday before a retreat to 1.2660 in immediate response to the US data. Underlying Pound sentiment held firm which provided important underlying backing and GBP/USD regained the 1.2700 level into the European close. UK data helped underpin Sterling...

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Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

3 Jan 2024 at 9 PM - Written by Tim Boyer

The Pound to Dollar exchange rate was trapped in narrow ranges ahead of Wednesday’s New York open and traded around 1.2720. Sterling did demonstrate some notable resilience on the crosses which also cushioned GBP/USD, but it struggled to make any headway, especially with less confident risk conditions and a vulnerable Euro. There...

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Pound to Dollar Rate Forecast Towards 1.20 say HSBC Analysts

2 Jan 2024 at 8 PM - Written by Ben Hughes

The Pound to Dollar (GBP/USD) exchange rate peaked at 4-month highs around 1.2830 on December 28th before a significant retreat to 1.2715 on Tuesday as the dollar regained some ground. Seasonal factors will be potentially significant with the dollar tending to weaken ahead of the year end and then regaining ground in January. UK...

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