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Pound Dollar Forecast Directory - Page #85

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

Pound to Dollar Rate: GBP/USD Wavers despite US Manufacturing Slump

4 Sep 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate: GBP/USD Wavers despite US Manufacturing Slump

The Pound US Dollar (GBP/USD) exchange rate moved without a clear direction on Tuesday despite a weaker-than-forecast US ISM manufacturing. This saw the GBP/USD exchange rate trade at around $1.3141 at the time of writing, virtually unchanged from the day’s opening levels. The Pound (GBP) faced headwinds on Monday as cautious...

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Pound US Dollar Exchange Rate News: GBP/USD Flat following UK Manufacturing PMI

3 Sep 2024 at 10 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Flat following UK Manufacturing PMI

The Pound US Dollar (GBP/USD) exchange rate remained stable on Monday after the UK's final manufacturing PMI for August was released. At the time of writing, the GBP/USD was trading at around $1.3134, virtually unchanged from Monday’s opening levels. Pound (GBP) Holds Steady following Manufacturing PMI The Pound (GBP) held...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Are Gains above 1.30 Sustainable?

2 Sep 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Are Gains above 1.30 Sustainable?

The Pound to Dollar (GBP/USD) exchange rate surged to 28-month highs above 1.32 in the latest week before a limited correction to around 1.3150. A key market debate is whether these levels are justified. According to HSBC; “one could make the case that GBP-USD should be trading below 1.25 rather than above 1.30 if we look at the...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Consolidates: Contrasting Central Bank Talk Triggers Further Pound Buying

26 Aug 2024 at 5 PM - Written by Frank Davies

STORY LINK Pound to Dollar Consolidates: Contrasting Central Bank Talk Triggers Further Pound Buying

The dollar dipped sharply following Fed Chair Powell’s comments on Friday while Bank of England Governor Bailey continued to preach caution over the potential for notable rate cuts. The Pound to Dollar (GBP/USD) exchange rate hit 27-month highs at 1.3230 before a limited correction to 1.3200 on Monday. UK markets are closed for...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Positive Sterling Sentiment Dominates

26 Aug 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Positive Sterling Sentiment Dominates

Bank of America (BoA) forecasters expect that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.35 at the end of 2024 with further gains to 1.41 at the end of next year. According to BoA, GBP/USD has rallied through resistance from its long-term downtrend twice this summer implying a trend change.” Danske Bank...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Rate Consolidates near 13-Month Best

23 Aug 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Consolidates near 13-Month Best

After sliding on Tuesday, the dollar has caught its breath in global markets, but secured only a limited correction with the dollar index (DXY) slightly above 8-month lows. The Pound to Dollar (GBP/USD) exchange rate posted sharp gains to 13-month highs fractionally above 1.3050 before a limited correction to 1.3020. US currency...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: GBP/USD Creeps Towards August Best

18 Aug 2024 at 4 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: GBP/USD Creeps Towards August Best

UK GDP data was in line with market expectations with US data and Federal Reserve interest rate expectations set to dominate markets. The Pound to Dollar (GBP/USD) exchange rate traded just above 1.2850 as UK sentiment held firm. Markets remain extremely confident that the Federal Reserve will cut interest rates in September, although...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Outlook: Equity Markets Dominate

11 Aug 2024 at 8 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Week Ahead Outlook: Equity Markets Dominate

After a hesitant stance, CIBC expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.34 at the end of 2025. In contrast, ING expects GBP/USD will be trapped at 1.25 at the end of next year as the Bank of England cuts interest rates more aggressively. Risk appetite dipped sharply early in the week as fears over...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Struggles as Risk Appetite Dips Again, Pound to Dollar Rate Falls

11 Aug 2024 at 7 PM - Written by Frank Davies

STORY LINK Pound Sterling Struggles as Risk Appetite Dips Again, Pound to Dollar Rate Falls

Equity markets rallied during Wednesday and risk appetite improved, but there was a fresh setback late in the New York session. US equities surrendered gains to post significant losses and confidence remained very fragile on Thursday. The fresh reversal in confidence put downward pressure on Sterling with the Pound to Dollar...

CATEGORIES: Pound Dollar Forecasts

Risk-Sensitive Pound Sterling Sees Buyers Flee

7 Aug 2024 at 8 AM - Written by David Woodsmith

STORY LINK Risk-Sensitive Pound Sterling Sees Buyers Flee

After heavy selling pressure on Monday, risk appetite has attempted to stabilise, but confidence remains very fragile and there has been notable selling interest on rallies for European equities. Similarly, risk-sensitive currencies including the Pound have not been able to sustain bounces. The Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar Forecasts

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