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Pound Dollar Forecast Directory - Page #78

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

Pound to Dollar Rate Week Ahead Forecast: Trump Trade to Dominate Sterling

17 Nov 2024 at 2 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Trump Trade to Dominate Sterling

The Pound to Dollar (GBP/USD) exchange rate has weakened to 4-month lows around 1.2620. Markets continue to expect Trump’s policies will support the dollar while a weaker than expected UK GDP report curbed Pound support. A key question is whether the dollar will strengthen further and whether gains can be sustained. ING...

CATEGORIES: Pound Dollar Forecasts

Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

17 Nov 2024 at 2 PM - Written by Tim Boyer

STORY LINK Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

The underlying dynamics remain intact in global markets and the dollar has continued to make gains with the currency index hitting 12-month highs. There are expectations that policies under the incoming Trump Administration will lead to a stronger dollar through higher interest rates and aggressive trade policies. The Republicans have...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Slides as Republicans Gain Control of Congress

17 Nov 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Slides as Republicans Gain Control of Congress

The Pound to US Dollar (GBP/USD) exchange rate dropped to a new multi-month low on Thursday as investor demand for the USD remained strong. At the time of writing, GBP/USD was trading around $1.2644, down approximately 0.5% from Thursday’s opening levels. The US Dollar (USD) climbed on Thursday, continuing its upward trend...

CATEGORIES: Pound Dollar Forecasts

US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook

14 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook

The Pound to Dollar (GBP/USD) exchange rate found support around 1.2730 on Wednesday, just above 3-month lows at 1.2720 recorded on Tuesday and recovered to 1.2755 after the latest US inflation data with an element of profit taking on long dollar positions. Politically, the Trump appointments so far have reinforced expectations of...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Subdued despite Uptick in US Inflation

14 Nov 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Subdued despite Uptick in US Inflation

The Pound US Dollar (GBP/USD) exchange rate traded sideways near a three-month low on Wednesday, with the American currency unable to push higher despite rising inflation. The US Dollar (USD) experienced a slight downturn on Wednesday, pausing its recent upward trajectory. In the past few days, USD has reached multi-month peaks,...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Strikes Fresh Low following Downbeat UK Jobs Data

13 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Strikes Fresh Low following Downbeat UK Jobs Data

The Pound US Dollar (GBP/USD) exchange rate fell on Tuesday, striking a fresh three-month low, following the UK’s latest labour market report. The Pound (GBP) declined on Tuesday following the UK's latest labour market report, which revealed a sharper-than-expected increase in unemployment. The UK unemployment rate rose from 4% to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower

11 Nov 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower

The Pound to Dollar (GBP/USD) exchange rate has dipped to 1.2875 from above 1.2900 on Monday amid another round of dollar strength. In the short term, traders will focus on 12-week lows near 1.2835 posted in immediate reaction to Trump’s victory last week. As far as the UK is concerned, the latest labour-market data is due on...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Pressured by Anticipated Republican "Red Wave"

11 Nov 2024 at 2 PM - Written by David Woodsmith

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Pressured by Anticipated Republican "Red Wave"

The Pound to US Dollar (GBP/USD) exchange rate weakened at the beginning of this week as markets priced in a likely Republican control of all three branches of the US government. GBP/USD was trading near $1.2898, approximately 0.2% lower than Monday’s opening levels. The US Dollar (USD) climbed broadly higher on Monday as...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Trump trades dominate GBPUSD

10 Nov 2024 at 7 PM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: Trump trades dominate GBPUSD

ING has upgraded its dollar forecasts following the US Presidential election and now has an end-2025 Pound to Dollar (GBP/USD) exchange rate forecast of 1.24. MUFG added; “the bullish implications for the US dollar from a Trump victory and likely Red Sweep will cap further upside for cable beyond the 1.3000-level.” According to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Climbs on BoE Rate Decision

10 Nov 2024 at 7 PM - Written by Toni Johnson

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Climbs on BoE Rate Decision

The Pound to US Dollar (GBP/USD) exchange rate rose on Thursday as markets responded to the Bank of England’s (BoE) latest interest rate decision. The Pound (GBP) appreciated on Thursday after the BoE announced its latest interest rate decision. As anticipated, the BoE implemented a 25bps rate cut following its November...

CATEGORIES: Pound Dollar Forecasts

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