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Pound Dollar Forecast Directory - Page #96

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

Pound to Dollar Rate Week Ahead Forecast: Waiting for a Break

28 Jan 2024 at 3 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Waiting for a Break

ING’s central case for the Bank of England (BoE) policy meeting is that the Pound to Dollar exchange rate will trade at 1.2700 with a possible range of 1.2650-1.2850 depending on the rate split and forward guidance. According to Scotiabank, the broader 1.26/1.2825 range for GBP/USD remains intact. GBP/USD was held in narrow ranges...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: Sterling Dips to test 1.2700 on Firm US GDP Data

26 Jan 2024 at 1 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Outlook: Sterling Dips to test 1.2700 on Firm US GDP Data

The latest UK data failed to provide further Pound support during Thursday. US releases overall were solid, but the main market move was a slide in the Euro as the Euro to dollar (EUR/USD) exchange rate dipped sharply to below 1.0850 after the ECB policy statement. The Pound overall was mixed on the crosses and Euro weakness dragged...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: "Another test of 1.28+ levels would not surprise" say Scotiabank

25 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: "Another test of 1.28+ levels would not surprise" say Scotiabank

Dollar and Pound Benefit from Upbeat Data, GBP/USD Exchange Rate Holds Below 10-Day highs The Pound to Dollar (GBP/USD) exchange rate jumped to highs at 1.2775 after stronger than expected UK PMI data, but the Pound was unable to hold gains and retreated to 1.2740 after US data also beat market expectations. The UK PMI manufacturing...

CATEGORIES: Pound Dollar Forecasts

HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

24 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

Pound Unable to Defy Stronger Dollar, GBP/USD Exchange Rate Retreats to 1.2650 The dollar lost ground during Tuesday’s Asian session as the yen posted gains, but the US currency rebounded strongly later in the day and USD/JPY traded around daily highs at 148.60 from lows at 147.00. Although Pound sentiment was firm after...

CATEGORIES: Pound Dollar Forecasts

Equity Gains Underpin Sterling, Pound to Dollar Rate Holds Above 1.2700

23 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Equity Gains Underpin Sterling, Pound to Dollar Rate Holds Above 1.2700

Pound Sterling Forecast Update: The Pound to Dollar exchange rate edged above the 1.2700 level in Asia on Monday and held a firm tone during the day. The UK currency held a firm tone on the crosses and GBP/USD posted a net advance to 1.2725 after the Wall Street open despite a firm dollar. UK equities were able to make headway...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Forecast Ranges: 1.20 or 1.31 Within 12 Months?

21 Jan 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Dollar 2024 Forecast Ranges: 1.20 or 1.31 Within 12 Months?

Bank of America forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 on a 12-month view amid dollar losses and a more positive UK assessment. In contrast, HSBC expects that GBP/USD will weaken to 1.20 on dollar gains and UK vulnerability. The UK outlook will be very important, but market confidence in...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Sold Above 1.2700

21 Jan 2024 at 4 PM - Written by Ben Hughes

STORY LINK Pound US Dollar Exchange Rate Sold Above 1.2700

The Pound to Dollar (GBP/USD) exchange rate dipped after the latest UK retail sales data, although it was broadly resilient, especially with uncertainty over Bank of England policy. It also secured some support from net gains in equities and consolidated close to 1.2680 at Friday’s New York open. GBP/USD was, however, again unable to...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: "Short-term Charts Reflect Better Selling Pressure Above 1.27"

19 Jan 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: "Short-term Charts Reflect Better Selling Pressure Above 1.27"

The Pound to Dollar (GBP/USD) exchange rate briefly moved above the 1.2700 level in early Europe on Thursday, but failed to hold the gains. Traders Buying Dollar Dips, GBP/USD Unable to Hold 1.2700 Despite Solid UK Data Pound sentiment held firm amid evidence of stronger housing data and a re-pricing of Bank of England interest rate...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

15 Jan 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

The Pound US Dollar (GBP/USD) exchange rate faced headwinds on Monday as a spell of gloomy trade buoyed the safe-haven US Dollar (USD) At the time of writing the GBP/USD was trading at $1.2718, down approximately 0.2% from this morning’s opening rate. US Dollar (USD) Exchange Rates Strengthen amid Cautious Trade The US Dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

14 Jan 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

HSBC forecasts that the Pound to Dollar exchange rate will slide to 1.18 at the end of 2024. NatWest, however, expects a limited net gain for GBP/USD to 1.30. GBP/USD found support on dips during the week amid a decline in US yields, but secured only a marginal net gain to 1.2740. There were geo-political concerns following US...

CATEGORIES: Pound Dollar Forecasts

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