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Pound Dollar Forecast Directory - Page #98

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

Pound to Dollar Exchange Rate: 1.32 in Twelve Months

20 Dec 2023 at 10 AM - Written by Frank Davies

STORY LINK Pound to Dollar Exchange Rate: 1.32 in Twelve Months

The Pound Sterling (GBP) posted significant gains against the US Dollar (USD) during Tuesday, while the overall trading performance has been more mixed. Wednesday’s inflation data will be an important indicator of underlying sentiment. There have been no major data releases, but Bank of England rhetoric has remained hawkish and...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

18 Dec 2023 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Dollar Forecast: "1.30 Could be the Surprise Package for Christmas" say ING

17 Dec 2023 at 7 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Forecast: "1.30 Could be the Surprise Package for Christmas" say ING

Pound Sterling Boosted by PMI Services-Sector Surprise, GBP/USD Exchange Rate Re-Tests 3-Month Highs The hawkish Bank of England rhetoric and a more dovish Federal Reserve policy stance has continued to provide net Pound support in global currency markets. The UK currency also secured a further kicker from stronger-than-expected PMI...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

15 Dec 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

UK Pound Jumps on Hawkish Bank of England Hold at 5.25%, GBP/USD Exchange Rate Tests 3-Month Best The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% following the latest policy meeting which was in line with consensus forecasts. There was another 6-3 vote for keeping rates on hold as Haskel, Mann...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Tipped to "Break below 1.2500" Today say ING

13 Dec 2023 at 9 PM - Written by James Fuller

STORY LINK Pound to Dollar Rate Tipped to "Break below 1.2500" Today say ING

GBP/USD Exchange Rates Dip after UK GDP Miss, Fed “Dot Plot” Crucial for Near-Term Direction Weaker-than-expected UK data undermined the Pound on Wednesday with the Pound to Dollar (GBP/USD) exchange rate retreating to 1.2510. Markets will speculate that there will be a more dovish Bank of England (BoE) policy. The dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Tech Outlook: “Short-term Price Movement Looks Mildly Positive" say Scotiabank

12 Dec 2023 at 10 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Tech Outlook: “Short-term Price Movement Looks Mildly Positive" say Scotiabank

Yield Spreads Edge Against the Pound After UK and US Data Releases, GBP/USD Exchange Rate Unable to Hold 1.2600 The Pound to Dollar (GBP/USD) exchange rate briefly spiked to 1.2615 after the latest US inflation data, but failed to hold the gains and quickly retreated to lows just below 1.2550 in choppy trading. The dollar drifted...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Higher: Fed and BoE Higher for Longer Narrative Dominates Markets

11 Dec 2023 at 5 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Higher: Fed and BoE Higher for Longer Narrative Dominates Markets

The Pound to Dollar exchange rate hit highs at 1.2590 on Monday, before settling around 1.2570. Pound sentiment has improved, but the scope for gains is likely to be limited while the Federal Reserve maintains a determination to push back against market expectations of rate cuts. Goldman Sachs now has a 3 and 6-month GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Forecasts see "Downside risks for GBP/USD," say ING

9 Dec 2023 at 4 PM - Written by Tim Boyer

STORY LINK Pound to Dollar: Forecasts see "Downside risks for GBP/USD," say ING

Markets Consolidate Ahead of US Jobs Data, GBP/USD Exchange Rate at Risk of Testing 1.25 The Pound to Dollar (GBP/USD) exchange rate has been held in relatively narrow ranges during the past 24 hours with only a brief move above the 1.2600 level while there was support on approach to 1.2550. The pair consolidated around 1.2580 on...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

7 Dec 2023 at 9 AM - Written by John Cameron

STORY LINK Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

US Dollar Resilient Despite Weak US Jobs Growth, GBP/USD Exchange Rate Held Close to 10-Day Lows The latest US data continued to point to a slowdown in the labour market and bond yields declined. The Pound, however, was unable to make headway, especially with weak UK data and Bank of England concerns over UK credit dynamics. The...

CATEGORIES: Currency Predictions Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Dollar Forecast From Here: "GBP Likely to Trade in Range of 1.2505/1.2725" say UoB

6 Dec 2023 at 2 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Forecast From Here: "GBP Likely to Trade in Range of 1.2505/1.2725" say UoB

GBP/USD Exchange Rate Focus Remains on 1.2600 Support After Mixed US Data The US data failed to provide a decisive market trigger on Tuesday, although the bias remained for a tentative dollar recovery after a heavy sell-off during November. The Pound to Dollar (GBP/USD) exchange rate again bounced from 1.2600 support, but struggled...

CATEGORIES: Pound Dollar Forecasts

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