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Pound Dollar Forecast Directory - Page #89

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

Pound Sterling Supported by Buoyant Global Risk Conditions

17 May 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Supported by Buoyant Global Risk Conditions

The Pound to Dollar exchange rate (GBP/USD) spiked higher in initial reaction to Wednesday’s US inflation data. Although there was a quick correction, momentum built again late in the session with renewed dollar losses and gains for European currencies. GBP/USD peaked at a fresh 5-week high of 1.2700 in early Asia before a limited...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Outlook: 10-Day Best Ahead of Crucial US Inflation Data

15 May 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Outlook: 10-Day Best Ahead of Crucial US Inflation Data

The Pound to Dollar exchange rate (GBP/USD) secured gradual progress on Tuesday and advance to 10-day highs just above 1.2600 on Wednesday. Three major US data releases during the day will be crucial for near-term GBP/USD direction with a potential-jump if inflation data is benign while there will be a sharp dip if the data is higher...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Dollar Rate Trades Above 1.25 as US Growth Doubts Keep GBP Afloat

14 May 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Trades Above 1.25 as US Growth Doubts Keep GBP Afloat

The Pound to Dollar (GBP/USD) exchange rate held above 1.2500 on Friday, but was unable to build on gains seen after the UK GDP data and held below 1.2550 with the pair consolidating around 1.2530 on Monday amid a softer dollar. The dollar overall has tended to struggle against European currencies, especially with some further survey...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Outlook: US Labour-Market Remains in Focus

12 May 2024 at 3 PM - Written by Frank Davies

STORY LINK Euro to Dollar FX Outlook: US Labour-Market Remains in Focus

MUFG expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.1050. According to MUFG; “A fourth consecutive monthly upside inflation surprise is required to inject fresh upward momentum into US rates and the USD in the near-term. Whereas in line or softer prints could see the USD give back more of the gains from...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Week Ahead Exchange Rate Forecast: "Shortest for the Year"

12 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound to US Dollar Week Ahead Exchange Rate Forecast: "Shortest for the Year"

Currency exchange strategists at Bank of America (BoA) forecast that the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.33 at the end of this year with a further advance to 1.41 at the end of 2025. BoA expects overall yields will underpin Pound buying in the context of carry trades while the clear out of long positions...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Retreats vs Euro, U.S. Dollar on Bank of England Nerves

7 May 2024 at 5 PM - Written by Tim Boyer

STORY LINK Pound Sterling Retreats vs Euro, U.S. Dollar on Bank of England Nerves

After spiking to 3-week high just above 1.2630 after Friday’s US jobs data, the Pound to Dollar (GBP/USD) exchange rate was unable to hold the gains and retreated to around 1.2535 on Tuesday as UK markets re-opened following Monday’s market holiday. Risk appetite remains strong with the FTSE 100 index posting a fresh record high...

CATEGORIES: Pound Dollar Forecasts

Pound to US Dollar Week Ahead Exchange Rate Forecast: BoE Key Risk

6 May 2024 at 7 AM - Written by Frank Davies

STORY LINK Pound to US Dollar Week Ahead Exchange Rate Forecast: BoE Key Risk

Morgan Stanley expects monetary policy divergence will undermine the Pound with the risk of a Pound to Dollar exchange rate (GBP/USD) slide to 1.20. CIBC also expects divergence and has an end-2024 GBP/USD forecast of 1.25. MUFG, however, expects a net gain to 1.2950 at the end of the year. Bank of England and Federal Reserve...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Below 1.25 as Dollar Dominates Ahead of Fed Policy Decision

1 May 2024 at 4 PM - Written by Frank Davies

STORY LINK Pound Sterling Below 1.25 as Dollar Dominates Ahead of Fed Policy Decision

The Pound to Dollar exchange rate (GBP/USD) dipped sharply from 2-week highs at 1.2565 on Tuesday to trade below 1.2500 as the dollar posted strong gains. Federal Reserve policy guidance, US data and reaction in equity markets will be crucial for the Pound during Wednesday. There will be substantial dollar gains and weakness in...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Outlook: "Risks are Biased Towards U.S. Dollar Losses"

30 Apr 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Outlook: "Risks are Biased Towards U.S. Dollar Losses"

The US Dollar lost some ground on Monday with strong evidence of Bank of Japan intervention to support the yen triggering a tentative wider retreat in the US currency. The Pound to Dollar (GBP/USD) exchange rate traded just above the 1.2500 level with markets braced for very volatile trading during the week. Bank of Japan actions...

CATEGORIES: Pound Dollar Forecasts

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