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Pound Dollar Forecast Directory - Page #94

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

Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

24 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

The Pound to Dollar exchange rate (GBP/USD) has been able to make headway on Thursday, although there has been an element of head scratching over market trends and GBP/USD has not been able to regain the 1.2700 level. Wall Street posted strong gains on Thursday with a further surge in Nvidia pushing the S&P 500 index to a fresh record...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

23 Feb 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

The Pound to Dollar exchange rate (GBP/USD) jumped to 20-day highs above 1.2700 in early Europe on Thursday, but failed to hold the gains and retreated sharply to around 1.2620. US data was mixed, but the narrative of strong US asset prices was reinforced by another round of strong Wall Street gains as the S&P 500 index posted a fresh...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

22 Feb 2024 at 6 AM - Written by David Woodsmith

STORY LINK Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2650, but has held above 1.2600 and settled around 1.2620 on Wednesday. Fiscal and monetary policy expectations will continue to have an important impact on the Pound with evidence of divergence tending to limit Pound buying. According to ING; “A softer dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

20 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

The Pound to Dollar exchange rate (GBP/USD) moved above the 1.2600 level on Tuesday. As the dollar dipped lower, GBP/USD posted 2-week highs just below 1.2670 before settling just below 1.2650. According to Scotiabank there is no sign of an imminent breakout with resistance around 1.2685; “Recent sterling losses towards 1.25 have...

CATEGORIES: Pound Dollar Forecasts

Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

19 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

The Pound to Dollar (GBP/USD) exchange rate edged higher in early Europe on Monday with highs at 1.2630, but it failed to hold the gains and drifted lower later in the session with a move back below the 1.2600 level to trade around 1.2585. Overall trading conditions were notably subdued with US markets closed for the President’s Day...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

18 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground. Danske Bank, however, expects GBP/USD will weaken to 1.18 on the same timeframe. GBP/USD was held in tight ranges overall and traded just below 1.2600 after finding support above February...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Support at 1.2530 "Looks Firm on Long-Term Chart"

17 Feb 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar: Support at 1.2530 "Looks Firm on Long-Term Chart"

The Pound to Dollar (GBP/USD) exchange rat briefly spiked higher after the UK retail sales data, but failed to hold the gains and retreated to near 1.2550 after stronger-than-expected US data. Strong UK data failed to boost the Pound and a sharp 1.3% advance for the FTSE 100 index also failed to provide support. As far as US data...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Forecast Revised HIGHER at Bank of America

15 Feb 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Forecast Revised HIGHER at Bank of America

US Dollar Grip Loosens Slightly After Weaker US Retail Sales Data, GBP/USD Exchange Rate Holds Above February Lows The Pound posted limited losses after the latest UK GDP data before recovering some ground after the weaker-than-expected US retail sales data. The overall reaction was limited given that data also recorded a rebound in US...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Hurt by Contrasting UK and US Inflation Releases

14 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Dollar: Hurt by Contrasting UK and US Inflation Releases

The Pound to Dollar exchange rate fell back sharply for investors looking to sell Sterling on Wednesday. Inflation data on both sides of the Atlantic have been crucial over the past 24 hours. US inflation data for January was stronger than expected which inflicted further damage to hopes for an early Federal Reserve interest rate...

CATEGORIES: Pound Dollar Forecasts

Strong US Inflation Data Trumps UK Wages Data, Pound to Dollar Rate Slides Below 1.2600

14 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Strong US Inflation Data Trumps UK Wages Data, Pound to Dollar Rate Slides Below 1.2600

The Pound to Dollar (GBP/USD) exchange rate posted robust gains after stronger-than-expected UK labour-market data, but this was more than reversed after hot US inflation data with a slide to 1.2590 from 1.2690 highs. According to Danske Bank; “Unless we see a notable turnaround in US data, we anticipate the USD to remain strong in...

CATEGORIES: Pound Dollar Forecasts

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