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Pound Dollar Forecast Directory - Page #79

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

Pound Sterling Gains on Inflation Warnings and Slow Pace of Cuts

8 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Gains on Inflation Warnings and Slow Pace of Cuts

The Bank of England (BOE) Monetary Policy Committee (MPC) cut interest rates by 25 basis points to 4.75% which was in line with strong consensus forecasts. There was an 8-1 decision for the cut with Mann voting to hold rates at 5.00%. The Pound had drifted lower into the announcement and there were significant gains after the...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Slumps 1% as Trump Victory Sparks Market Moves

7 Nov 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Slumps 1% as Trump Victory Sparks Market Moves

The Pound US Dollar (GBP/USD) exchange rate slumped on Wednesday as the US presidential election results pointed to a victory for Trump. At the time of writing, GBP/USD traded at around $1.2896, down more than 1% since the start of the day’s session. The US Dollar (USD) surged on Wednesday as the US presidential election results...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Braced for Huge Overnight Swings on US Election Result

6 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound Sterling Braced for Huge Overnight Swings on US Election Result

Currency markets are relatively calm on Tuesday as traders await the US election results, but there are expectations of high volatility once results start to be projected. The Federal Reserve and Bank of England (BoE) interest rate decisions will also be important background influences. The dollar has drifted lower, but the Pound to...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Edges Higher following UK PMI data

6 Nov 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Edges Higher following UK PMI data

The Pound US Dollar exchange rate gained ground on Tuesday following the publication of the UK’s latest PMI data. At the time of writing, GBP/USD was trading at approximately $1.2985, up roughly 0.2% from the start of Tuesday’s session. The Pound (GBP) rose against most currencies on Tuesday, bolstered by a better-than-expected...

CATEGORIES: Pound Dollar Forecasts

Dollar Dips as Trump Trades Scaled Back, Big Week for Pound

4 Nov 2024 at 5 PM - Written by Tim Boyer

STORY LINK Dollar Dips as Trump Trades Scaled Back, Big Week for Pound

This will be a hugely important week for all asset classes, including the Pound, with the US election, Federal Reserve meeting and Bank of England (BoE) rate call. There is still a high degree of uncertainty over the US elections with markets remaining in a state of flux over the Presidential and Congressional outcomes, when the result...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Rises amid US Election Jitters

4 Nov 2024 at 5 PM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate Rises amid US Election Jitters

The Pound to US Dollar (GBP/USD) exchange rate got off to a positive start this week as USD investors turned cautious ahead of the US presidential election. At the time of writing, GBP/USD was trading around $1.2962, up approximately 0.3% from Monday’s opening levels. The US Dollar (USD) softened on Monday, with USD investors...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Washington and London Drama

3 Nov 2024 at 10 AM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: Washington and London Drama

UBS expects the Pound to Dollar (GBP/USD) exchange rate to strengthen to 1.38 by June 2025. During the week, GBP/USD dipped to 10-week lows just below 1.2850 following the UK budget before a recovery to 1.2960. Markets expect a Trump victory would provide initial dollar support with a softer tone in Harris wins. Chancellor Reeves...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Exchange Rate Subdued following US Inflation Data

1 Nov 2024 at 7 AM - Written by Tim Boyer

STORY LINK Pound to US Dollar Exchange Rate Subdued following US Inflation Data

The Pound US Dollar exchange rate treaded water on Thursday following the publication of the latest US core PCE price index. At the time of writing, GBP/USD was trading at approximately $1.2975, virtually unchanged from the start of Thursday’s session. The US Dollar (USD) faced challenges in attracting buyers against most of its...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Fluctuates following UK Budget and US GDP

31 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Fluctuates following UK Budget and US GDP

The Pound US Dollar exchange rate wavered on Wednesday following the publication of the UK’s Autumn Budget and the US’s latest GDP data. At the time of writing, GBP/USD was trading at approximately $1.2998, up almost 0.2% from the start of Wednesday’s session. While the Pound (GBP) held its ground against the US Dollar (USD),...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Fluctuates ahead of High-Impact Events

29 Oct 2024 at 8 PM - Written by Ben Hughes

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Fluctuates ahead of High-Impact Events

The Pound US Dollar (GBP/USD) exchange rate fluctuated on Tuesday as markets braced for high-impact events later in the week. At the time of writing, GBP/USD traded at $1.2972, having wavered in a narrow range during the session. The Pound (GBP) found support against its weaker counterparts on Tuesday, though it faced resistance in...

CATEGORIES: Pound Dollar Forecasts

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