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Pound Dollar Forecast Directory - Page #97

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

Pound to Dollar Forecast: Buying on Dips Around 1.2720

11 Jan 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Dollar Forecast: Buying on Dips Around 1.2720

Stronger-than-expected US inflation data on Thursday triggered a dollar comeback in global currency markets. Overall risk conditions were less buoyant with significant UK losses and the Pound to Dollar (GBP/USD) exchange rate dipped to lows just below 1.2700 from highs close to 1.2780 ahead of the US open. There was buying on dips...

CATEGORIES: Pound Dollar Forecasts

GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

10 Jan 2024 at 2 PM - Written by John Cameron

STORY LINK GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

The Pound to Dollar exchange rate found support below 1.2700 on Monday and hit highs at 1.2765 around the European close. GBP/USD was unable to make further headway on Tuesday and retreated to 1.2720 as the dollar fought back in global markets. Risk appetite was also slightly more cautious with no follow through from strong...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

8 Jan 2024 at 7 AM - Written by Ben Hughes

STORY LINK Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

MUFG forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.30 at the end of 2024. GBP/USD dipped to lows near 1.2600 before a recovery to just above 1.2700 and was resilient during the week. Consensus forecasts are for GBP/USD to trade at 1.29 at the end of 2024 amid a weaker dollar. Markets will be...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

4 Jan 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

The Pound to Dollar exchange rate posted highs above 1.2725 after the UK data on Thursday before a retreat to 1.2660 in immediate response to the US data. Underlying Pound sentiment held firm which provided important underlying backing and GBP/USD regained the 1.2700 level into the European close. UK data helped underpin Sterling...

CATEGORIES: Pound Dollar Forecasts

Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

3 Jan 2024 at 9 PM - Written by Tim Boyer

STORY LINK Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

The Pound to Dollar exchange rate was trapped in narrow ranges ahead of Wednesday’s New York open and traded around 1.2720. Sterling did demonstrate some notable resilience on the crosses which also cushioned GBP/USD, but it struggled to make any headway, especially with less confident risk conditions and a vulnerable Euro. There...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Forecast Towards 1.20 say HSBC Analysts

2 Jan 2024 at 8 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Rate Forecast Towards 1.20 say HSBC Analysts

The Pound to Dollar (GBP/USD) exchange rate peaked at 4-month highs around 1.2830 on December 28th before a significant retreat to 1.2715 on Tuesday as the dollar regained some ground. Seasonal factors will be potentially significant with the dollar tending to weaken ahead of the year end and then regaining ground in January. UK...

CATEGORIES: Pound Dollar Forecasts

Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

24 Dec 2023 at 9 AM - Written by Frank Davies

STORY LINK Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

Goldman Sachs now expects that the Pound will strengthen to 1.35 against the US Dollar by the end of 2024. HSBC analysts, however, are forecasting that GBP/USD exchange rate will weaken to 1.18 by the third quarter of 2024. There was choppy GBP/USD trading during the week with net gains to above 1.2700 as the dollar lost ground....

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound Sterling Outlook 2024: 1.23 by Q1

23 Dec 2023 at 10 AM - Written by John Cameron

STORY LINK Pound Sterling Outlook 2024: 1.23 by Q1

According to the latest forecasters at Rabobank, the British Pound Sterling (GBP) could be tipped to "retreat" from today's levels against the US Dollar (USD) in the next three months, touching lows of 1.23 by end of March 2024. UK GDP Data Triggers More Aggressive BoE Rate Cut Calls, GBP/USD Exchange Rate Held Around...

CATEGORIES: Pound Dollar Forecasts

US Dollar Weakness Outweighs Pound Sterling Selling Interest

22 Dec 2023 at 9 AM - Written by Tim Boyer

STORY LINK US Dollar Weakness Outweighs Pound Sterling Selling Interest

The US Dollar and Pound both struggled on Thursday, primarily under the weight of interest rate expectations. Markets remained convinced that the Federal Reserve will cut interest rates relatively early in 2024 and this week’s UK inflation data has brought forward expectations of Bank of England rate cuts. As the Euro to Dollar...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Outlook: "Bullish Scenario to Remain Intact as long as it Holds 1.26" say Scotiabank

21 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling to Dollar Outlook: "Bullish Scenario to Remain Intact as long as it Holds 1.26" say Scotiabank

GBP/USD Exchange Rate Slides to 1.2650 After UK Inflation Data, US and UK Rate-Cut Expectations Dominate Markets The Pound spiked lower following the UK inflation data with the Pound to Dollar (GBP/USD) exchange rate dipping to lows at 1.2650 from above 1.2700 before settling just above 1.2650 The dollar overall remained on the...

CATEGORIES: Pound Dollar Forecasts

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