Pound Dollar forecast page 8 - GBP USD

According to the latest forecasters at Rabobank, the British Pound Sterling (GBP) could be tipped to "retreat" from today's levels against the US Dollar (USD) in the next three months, touching lows of 1.23 by end of March 2024. UK GDP Data Triggers More Aggressive BoE Rate Cut Calls, GBP/USD Exchange Rate Held Around...

The US Dollar and Pound both struggled on Thursday, primarily under the weight of interest rate expectations. Markets remained convinced that the Federal Reserve will cut interest rates relatively early in 2024 and this week’s UK inflation data has brought forward expectations of Bank of England rate cuts. As the Euro to Dollar...

GBP/USD Exchange Rate Slides to 1.2650 After UK Inflation Data, US and UK Rate-Cut Expectations Dominate Markets The Pound spiked lower following the UK inflation data with the Pound to Dollar (GBP/USD) exchange rate dipping to lows at 1.2650 from above 1.2700 before settling just above 1.2650 The dollar overall remained on the...

The Pound Sterling (GBP) posted significant gains against the US Dollar (USD) during Tuesday, while the overall trading performance has been more mixed. Wednesday’s inflation data will be an important indicator of underlying sentiment. There have been no major data releases, but Bank of England rhetoric has remained hawkish and...

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

Pound Sterling Boosted by PMI Services-Sector Surprise, GBP/USD Exchange Rate Re-Tests 3-Month Highs The hawkish Bank of England rhetoric and a more dovish Federal Reserve policy stance has continued to provide net Pound support in global currency markets. The UK currency also secured a further kicker from stronger-than-expected PMI...

UK Pound Jumps on Hawkish Bank of England Hold at 5.25%, GBP/USD Exchange Rate Tests 3-Month Best The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% following the latest policy meeting which was in line with consensus forecasts. There was another 6-3 vote for keeping rates on hold as Haskel, Mann...

GBP/USD Exchange Rates Dip after UK GDP Miss, Fed “Dot Plot” Crucial for Near-Term Direction Weaker-than-expected UK data undermined the Pound on Wednesday with the Pound to Dollar (GBP/USD) exchange rate retreating to 1.2510. Markets will speculate that there will be a more dovish Bank of England (BoE) policy. The dollar...

Yield Spreads Edge Against the Pound After UK and US Data Releases, GBP/USD Exchange Rate Unable to Hold 1.2600 The Pound to Dollar (GBP/USD) exchange rate briefly spiked to 1.2615 after the latest US inflation data, but failed to hold the gains and quickly retreated to lows just below 1.2550 in choppy trading. The dollar drifted...

The Pound to Dollar exchange rate hit highs at 1.2590 on Monday, before settling around 1.2570. Pound sentiment has improved, but the scope for gains is likely to be limited while the Federal Reserve maintains a determination to push back against market expectations of rate cuts. Goldman Sachs now has a 3 and 6-month GBP/USD...