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Pound Dollar Forecast Directory - Page #87

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

Dovish Fed Comments Would Boost Pound to Dollar Exchange Rate

10 Jul 2024 at 8 AM - Written by John Cameron

STORY LINK Dovish Fed Comments Would Boost Pound to Dollar Exchange Rate

The Pound to Dollar exchange rate (GBP/USD) hit 3-Week highs near 1.2850 on Monday, but failed to hit 4-Month highs at 1.2860 and retreated to near 1.2800 on Tuesday. The outlook for interest rates on both sides of the Atlantic will be crucial for exchange rates with scope for Pound gains if momentum for a September Fed rate cut...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Three Week Best Conversion Rate to Hold?

7 Jul 2024 at 4 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: Three Week Best Conversion Rate to Hold?

The Pound to Dollar (GBP/USD) exchange rate strengthened to 3-week highs above 1.2800 on a combination of weaker dollar and positive reaction to the UK General Election result. Danske still expects GBP/USD will weaken to 1.18 on a 12-month view. In contrast, MUFG is backing gains to 1.3250 by the first quarter of 2025. Political...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Slides as Trump Court Victory Boots USD Demand

2 Jul 2024 at 1 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Slides as Trump Court Victory Boots USD Demand

A US Supreme Court ruling on Monday triggered a fresh round of speculation that Trump would win the November Presidential election. US yields moved higher in anticipation of a loose fiscal policy and the dollar gained net support. The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2615 and close to 6-week lows. US data and...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

30 Jun 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

Danske Bank forecasts a Pound to Dollar (GBP/USD) exchange rate slide to 1.18 on a 12-month view. Credit Agricole expects GBP/USD to be held at 1.25 at the end of 2024 before a significant recovery to 1.35 at the end of next year. GBP/USD dipped to 6-week lows just below 1.2620 during the week and struggled to make more than a very...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate "Dragged" Lower with Euro

29 Jun 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Dollar Exchange Rate "Dragged" Lower with Euro

The Pound to Dollar (GBP/USD) exchange rate has crawled away from 6-week lows at 1.2613, but has not been able to make much headway as the dollar remains dominant. At this stage, political concerns have sapped support for the Euro which has also dragged GBP/USD lower. According to UoB; “Downward momentum is picking up again, and a...

CATEGORIES: Pound Dollar Forecasts

Pound Rate Today: Sterling Recovers vs Dollar as Traders Looking for Breakout Trigger

25 Jun 2024 at 3 PM - Written by John Cameron

STORY LINK Pound Rate Today: Sterling Recovers vs Dollar as Traders Looking for Breakout Trigger

After posting 5-week lows close to 1.2620 late last week, the Pound to Dollar exchange rate (GBP/USD) has recovered to 1.2700 with slight net Pound gains on the crosses. Although volatility has been low, markets are continuing to fret over underlying conditions and waiting for the fresh narrative which will trigger a breakout and lead...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 12-Month Outlook: GBP/USD Exchange Rate to Weaken to 1.18

23 Jun 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound to Dollar 12-Month Outlook: GBP/USD Exchange Rate to Weaken to 1.18

Danske Bank forecasts that the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.18 on a 12-month view. Bank of America is still forecasting gains to 1.33 at the end of 2024. GBP/USD lost ground during the week with a slide to 5-week lows close to 1.2620 as European currencies struggled while the Bank of England moved closer...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Forecast: 1.04-1.09 Ranges Over Next Three Months

23 Jun 2024 at 2 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: 1.04-1.09 Ranges Over Next Three Months

Nordea forecasts that the Euro to Dollar (EUR/USD) exchange rate will weaken to 1.04 on a 3-month view as the Federal Reserve rules out near-term interest rates. After little immediate change amid political risks, ING expects limited net gains to 1.09 on a 3-month view. EUR/USD attempted to rally at times during the week, but...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Held Below 1.2700

20 Jun 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Held Below 1.2700

The US dollar retreated from intra-day highs after the latest US retail sales data, but still posted a small net gain with the Euro and Pound unable to gain sustained support. The Pound edged lower ahead of Wednesday’s inflation data with the Pound to Dollar (GBP/USD) exchange rate held around 1.2690. Looking at GBP/USD,...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Exchange Rate Forecasts: Fed and Bank of England Crucial

16 Jun 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Exchange Rate Forecasts: Fed and Bank of England Crucial

RBC Capital Markets' currency analysts expect GBP/USD will weaken to 1.23 at the end of this year with further losses to 1.19 at the end of 2025. Although Pound sentiment held firm, the Pound to Dollar (GBP/USD) exchange rate retreated to 4-week lows at 1.2660 as the dollar posted significant net gains. The UK data continued to...

CATEGORIES: Pound Dollar Forecasts

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