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Pound Dollar Forecast Directory - Page #95

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

Pound to Dollar: High Inflation Print Unlikely to Support Sterling

12 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: High Inflation Print Unlikely to Support Sterling

US Dollar and Pound Strangled Ahead of Key Inflation Releases, GBP/USD Exchange Rate Holds Above 1.2600 The Pound to Dollar (GBP/USD) exchange rate was unable to hold a brief move above the 1.2650 level on Monday and drifted lower to 1.2615 after the New York open. Position adjustment was a key element ahead of the US and UK data...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: "Modest Gains for GBP/USD" say Natwest

11 Feb 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: "Modest Gains for GBP/USD" say Natwest

NatWest analysts forecast that the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.30 at the end of 2024. RBC Capital Markets has raised its forecasts, but still expects GBP/USD will retreat to 1.24 at the end of the year. After a slide to 7-week lows near 1.2520 early in the week, GBP/USD recovered to 1.2635 at the end...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Low/mid 1.25s up Next?

9 Feb 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: Low/mid 1.25s up Next?

European currencies posted fresh losses on Thursday while the dollar posted net gains with a strong advance against the yen with USD/JPY breaking above the 149.00 level for the first time in over two months. In this environment, the Pound to Dollar (GBP/USD) exchange rate dipped back below the 1.2600 level to trade around...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: "Trend Dynamics Still Leaning GBP-Bearish" say Scotiabank Techs

7 Feb 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: "Trend Dynamics Still Leaning GBP-Bearish" say Scotiabank Techs

Positive Fundamentals Underpin the Pound, GBP/USD Exchange Rate Holds Above 1.2600 The Pound to Dollar (GBP/USD) exchange rate made further headway in Europe on Wednesday with a peak just above 1.2640. Firm domestic data provided net currency support, but UK equities lost ground later in the session and GBP/USD retreated to...

CATEGORIES: Pound Dollar Forecasts

Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast

5 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast

US Dollar Strength Dominates Markets, GBP/USD Exchange Rate Slides to 7-Week Lows The UK data was firm on Monday, but the Pound was unable to draw any benefit and the Pound to Dollar (GBP/USD) exchange rate posted further significant losses to 7-week lows at 1.2550. Dollar strength is liable to dominate for now unless there is...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: Short-Term Gains?

4 Feb 2024 at 12 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Short-Term Gains?

Where next for Sterling? Longer-term forecasts by MUFG show the Pound to Dollar exchange rate could strengthen to 1.31 at the end of 2024. In contrast, Rabobank has a 3-month forecast of 1.25 while Credit Agricole has an end-2024 forecast of 1.25. The Bank of England (BoE) pushed back against market expectations of an early cut in...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?

2 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?

BoE Mirrors Fed Reluctance to Endorse Interest Rate Cuts, GBP/USD Rallies to 1.2700 The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% at the latest policy meeting which was in line with consensus forecasts. The BoE and Federal Reserve have rejected market pricing for interest rates and relatively...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

1 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open. Markets were monitoring event risk closely with two central bank positions over the next 24 hours. According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; "Markets are just...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling

31 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling

The Pound to dollar (GBP/USD) exchange rate dipped to 10-day lows on Tuesday following weaker-than-expected UK lending data and stronger-than-expected US job-openings data. The Euro did manage to make net gains against the dollar and GBP/USD recovered to 1.2685 around the European close. There was on-going caution ahead of...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

30 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

The Pound to Dollar (GBP/USD) exchange rate dipped to lows below 1.2670 before stabilising. Market conditions were subdued on Monday, especially with no data releases. Position adjustment ahead of this week’s central bank meetings was a key element with expectations of a more dovish Bank of England stance curbing Pound support,...

CATEGORIES: Pound Dollar Forecasts

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