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Pound Dollar Forecast Directory - Page #99

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

Pound to Dollar Forecast: 1.31 by 2025 say BofA

3 Dec 2023 at 7 PM - Written by James Fuller

STORY LINK Pound to Dollar Forecast: 1.31 by 2025 say BofA

Bank of America expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 at the end of 2024. Goldman Sachs, however, expects that GBP/USD will weaken to 1.18 early next year and trade slightly below current levels at 1.25 in 12 months. Markets are now pricing in more aggressive Fed rate cuts during 2024 while...

CATEGORIES: Pound Dollar Forecasts

The Pound to Dollar: Forecasts see Possible Gains to 1.2745, say UoB

1 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK The Pound to Dollar: Forecasts see Possible Gains to 1.2745, say UoB

UK and Global Inflation Pressures in Focus, GBP/USD Exchange Rate Finds Support at 1.2600 European currencies have been generally on the back foot on Thursday as the dollar has secured a net recovery in global markets, but with some Pound resilience in evidence amid fears over sticky UK inflation. The Pound to Dollar (GBP/USD)...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Dollar Rate Technical Outlook Remains Positive: Scotiabank

29 Nov 2023 at 6 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Technical Outlook Remains Positive: Scotiabank

The Pound to Dollar exchange rate held firm ahead of Tuesday’s New York open, but failed to make significant headway. GBP/USD did, however, spike higher following dovish comments from Fed Governor Waller. With risk conditions also improving, GBP/USD jumped to 12-week highs at 1.2710 as the Euro to Dollar (EUR/USD) exchange rate...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Technical Forecast: "Positive Technical Undertone," say Scotiabank

27 Nov 2023 at 4 PM - Written by John Cameron

STORY LINK Pound to Dollar Technical Forecast: "Positive Technical Undertone," say Scotiabank

The Pound to Dollar exchange rate hit 12-week highs just above 1.2640 on Monday before consolidation around 1.2625. The relatively light economic calendar this week will tend to increase the importance of more technical factors. One significant element will be month-end trading. According to Barclays; “Our proprietary month-end...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar December 2023 Forecast: Tough Battle to Secure Further Gains

26 Nov 2023 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar December 2023 Forecast: Tough Battle to Secure Further Gains

Foreign currency analysts at ING and Unicredit both consider that Pound Sterling (GBP) gains against the US Dollar (USD) will be held to 1.28 at the end of 2024. Investment banks overall see little upside scope for the Pound to Dollar exchange rate. Those banks that expect the dollar to weaken also expect that the Pound will lose...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: "Bullish Alignment of Trend Oscillators" in Charts say Scotiabank Techs

24 Nov 2023 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: "Bullish Alignment of Trend Oscillators" in Charts say Scotiabank Techs

The Pound to Dollar exchange rate (GBP/USD) posted fresh 10-week highs just above 1.2590 level just after the Friday Wall Street open and edged higher to just above 1.2600 after the latest US data. The dollar overall has lost support against European and commodity currencies during the day. A stronger reading for UK consumer...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Fails to Hold Euro, Dollar Gains After Autumn Statement

22 Nov 2023 at 5 PM - Written by Ben Hughes

STORY LINK Pound Sterling Fails to Hold Euro, Dollar Gains After Autumn Statement

GBP/USD Exchange Rate Slides on Dollar Revival and UK Growth Forecast Disappointment The pound-to-dollar (GBP/USD) exchange rate peaked at 1.2550 ahead of the Autumn Statement, but failed to hold the gains. Weak UK growth forecasts undermined the Pound while stronger than expected US data helped trigger a further dollar recovery...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Dollar Rate Today: 10-Week Highs Ahead of UK Business Tax Cuts

22 Nov 2023 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Today: 10-Week Highs Ahead of UK Business Tax Cuts

The Pound US Dollar exchange rate (GBPUSD) was unable to hold a brief move above the 1.2500 level on Monday, but made further headway on Tuesday with 10-Week highs just above 1.2550 before a correction to 1.2530. Overall risk appetite remained firmer with European equity markets at the highest level for over 5 weeks. Firm risk...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Weekly Exchange Rate Forecast: "Can push up to 1.2590" say ING

21 Nov 2023 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Weekly Exchange Rate Forecast: "Can push up to 1.2590" say ING

GBP/USD Exchange Rate Looking for UK Tax Cuts to Break Tough Resistance around 1.2500 Chancellor Hunt will present the Autumn Statement on Wednesday with markets focussed on whether tax cuts can help the Pound to Dollar (GBP/USD) exchange rate break above 1.2500. GBP/USD hit highs at 1.2510 on Monday before a retreat to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Dollar Outlook: 1.32 in Twelve Months say BNP Paribas

19 Nov 2023 at 1 PM - Written by Frank Davies

STORY LINK Pound to Dollar Outlook: 1.32 in Twelve Months say BNP Paribas

BNP Paribas predicts the Pound to Dollar exchange rate could rise to 1.32 within a year, while Danske Bank sees it dropping to 1.17. US and UK inflation declines are leading to expectations of rate cuts from the Fed and BoE in 2024. Despite weak UK retail sales, markets anticipate three BoE rate cuts next year. The British Pound's...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

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