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Pound Dollar Forecast Directory - Page #86

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

MUFG Pound to Dollar exchange rate forecast to Strengthen to 1.3250 by March 2025

4 Aug 2024 at 3 PM - Written by David Woodsmith

STORY LINK MUFG Pound to Dollar exchange rate forecast to Strengthen to 1.3250 by March 2025

MUFG forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.3250 in March 2025 and could see a peak of 1.3600. Standard Chartered has a 3-month GBP/USD forecast of 1.30, but expects a retreat to 1.25 on a 12-month view as the dollar regains ground. Volatility increased sharply during the week with major...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Holds Firm Against Euro and Dollar Despite BoE Rate Cut

4 Aug 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Holds Firm Against Euro and Dollar Despite BoE Rate Cut

The Pound Sterling (GBP) dipped against Euro (EUR) and US Dollar (USD) in immediate reaction to the Bank of England (BoE) rate cut but was resilient amid relatively hawkish rhetoric and global dimension. Sterling and the Dollar were both struggling for sustained support. The Pound to Dollar (GBP/USD) exchange rate dipped to 4-week...

CATEGORIES: Pound Dollar Forecasts

Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England

31 Jul 2024 at 7 AM - Written by John Cameron

STORY LINK Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England

The Pound to Dollar exchange rate dipped to 2-week lows just below 1.2810 on Monday before a recovery to 1.2850. According to Scotiabank; “Regaining 1.29 intraday would be a positive but it is possible that the soft undertone will persist for another few days and perhaps extend to 1.2775 or so before steadying.” Fiscal and...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Rate Outlook: 1.38 by End of 2025

28 Jul 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Outlook: 1.38 by End of 2025

Bank of America (BoA) forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.38 at the end of 2025. According to BoA dollar weakness will be a key element as other economies improve. It added; “slower US growth, even if still higher than in the rest of G10, will also contribute to USD weakness.” ING,...

CATEGORIES: Pound Dollar Forecasts

UK Data Reinforces Pound Sterling Confidence: Pound to Dollar Rate Rebounds

25 Jul 2024 at 9 AM - Written by Frank Davies

STORY LINK UK Data Reinforces Pound Sterling Confidence: Pound to Dollar Rate Rebounds

Equity markets were the main focus on Wednesday with sharp losses on Wall Street and mixed US data. Despite weaker risk conditions, the dollar failed to gain significant benefit with USD/JPY sliding to 2-month lows. The Pound to Dollar (GBP/USD) exchange rate initially dipped to 10-day lows at 1.2875 before a recovery to 1.2930 as...

CATEGORIES: Pound Dollar Forecasts

US Dollar Edges Lower as Biden Quits Presidential Election

25 Jul 2024 at 9 AM - Written by John Cameron

STORY LINK US Dollar Edges Lower as Biden Quits Presidential Election

GBP/USD Holds Above 1.2900 The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2900 on Friday before a tentative recovery to 1.2925 on Monday as markets focussed on US politics and risk appetite improved slightly. According to Scotiabank; “Gains back above 1.2950 resistance are needed to steady the short-term outlook for the...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: USD Volatility Tipped as Biden Withdraws

21 Jul 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: USD Volatility Tipped as Biden Withdraws

During the week, the Pound drew support from a shift in yield spreads in favour of the UK currency. Expectations of a Bank of England August rate cut faded again while markets are now much more confident over a Fed move in September. The Pound to Dollar (GBP/USD) exchange rate hit a 12-month high above 1.30 before a correction to...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar FX Outlook: Fed Could Cut Ahead of the Bank of England

18 Jul 2024 at 12 PM - Written by John Cameron

STORY LINK Pound to Dollar FX Outlook: Fed Could Cut Ahead of the Bank of England

Following further evidence of stubborn UK services-sector inflation, there were fresh doubts over an August Bank of England (BoE) rate cut in August while markets are increasingly confident that the Fed will cut rates in September. The shift in expectations triggered fresh Pound gains with the Pound to Dollar (GBP/USD) exchange rate...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024-2025 Forecast: GBP/USD Exchange Rate to Gain to 1.35 Next Year

14 Jul 2024 at 7 PM - Written by David Woodsmith

STORY LINK Pound to Dollar 2024-2025 Forecast: GBP/USD Exchange Rate to Gain to 1.35 Next Year

BNP Paribas expects the Pound to Dollar (GBP/USD) exchange rate to struggle in the short term, but expects gains to 1.35 at the end of next year. RBC Capital Markets, however, expects a steady retreat to 1.23 at the end of this year with further losses to 1.19 at the end of 2025. Pound sentiment has remained firm during the week...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Forecast: Will 4-Month Best Hold for GBP/USD Buyers?

12 Jul 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Forecast: Will 4-Month Best Hold for GBP/USD Buyers?

Stronger than expected GDP data and hawkish Bank of England (BoE) rhetoric has triggered renewed Pound gains in global markets. The Pound to Dollar (GBP/USD) exchange rate hit 4-month highs at 1.2870 and close to 11-month highs. US inflation data will be a key element for GBP/USD later in the day. A sustained move above 1.2860...

CATEGORIES: Pound Dollar Forecasts

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