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Pound Sterling Recovery Stalls, BoE Rate Cut Seen Inevitable

17 Jan 2025 at 12 PM - Written by Tim Boyer

STORY LINK Pound Sterling Recovery Stalls, BoE Rate Cut Seen Inevitable

Relatively benign US and UK inflation data on Wednesday, coupled with another weak UK GDP release, have provided significant relief for the UK bond market. The UK 10-year yield has settled around 4.74% compared with 16-year highs above 4.90% recorded earlier this week. Although fears surrounding the bond market have eased, the Pound has remained on the defensive, especially with very strong expectations of a Bank of...

CATEGORIES: Pound Sterling Forecasts

FTSE Record High Limits Pound Sterling Selling on UK Retail Sales Setback

17 Jan 2025 at 12 PM - Written by David Woodsmith

STORY LINK FTSE Record High Limits Pound Sterling Selling on UK Retail Sales Setback

Pound Sterling to Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates dipped after weaker than reported retail sales data on Friday, but did manage to stabilise later in the European session. There was net Pound support from gains in equities with the FTSE 100 index posting a record high in early trading following reports of merger talks between Glencore and Rio Tinto. The Pound to Dollar (GBP/USD) exchange rate...

CATEGORIES: Pound Sterling Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Softens following UK and US Data Releases

17 Jan 2025 at 12 PM - Written by Ben Hughes

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Softens following UK and US Data Releases

The Pound Sterling weakened against US Dollar on Thursday following the release of both the UK’s latest GDP data and the US’s latest retail sales. At the time of writing, the GBP/USD exchange rate was trading at approximately $1.2194, down roughly 0.4% from the start of Thursday’s session. On Thursday, the Pound (GBP) struggled against several of its key trading partners following the UK's release of its latest GDP...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Rate Ticks Lower following UK GDP

17 Jan 2025 at 12 PM - Written by Tim Boyer

STORY LINK Pound to Euro Rate Ticks Lower following UK GDP

The Pound Euro exchange rate (GBP/EUR) drifted lower on Thursday after the UK released its latest GDP reading. At the time of writing, the GBP/EUR was trading at around €1.1857, down roughly 0.3% from Thursday’s opening levels. On Thursday, the Pound (GBP) struggled against most of its counterparts as the UK released its latest GDP figures. The data showed that the British economy expanded by 0.1% in November,...

CATEGORIES: Pound Euro Forecasts

Pound Sterling and Dollar Today: UK and US Inflation Data Rocks Markets

16 Jan 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling and Dollar Today: UK and US Inflation Data Rocks Markets

Both UK and US inflation data came in slightly cooler than expected. However, the two reports had completely different effects. The pound is higher on Wednesday, while the US dollar is lower. Key inflation data was released in the UK and US on Wednesday. Both reports showed slightly lower than expected readings, and led to highly volatile moves. Lower UK Inflation Has an Unusual Effect Currencies usually go...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Mid-Week Forecast: GBP/USD Soars on UK & US Inflation

16 Jan 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Mid-Week Forecast: GBP/USD Soars on UK & US Inflation

The Pound US Dollar exchange rate (GBP/USD) surged on Wednesday following the release of the latest inflation figures from both the UK and the US. Cable was trading at approximately $1.2305, up roughly 0.7% from the start of Wednesday’s session. On Wednesday, the Pound (GBP) maintained its strength against most of its major trading partners and recaptured much of the ground it had lost earlier in the week. This...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Supported vs Euro, Dollar as UK Inflation Declines

15 Jan 2025 at 1 PM - Written by David Woodsmith

STORY LINK Pound Sterling Supported vs Euro, Dollar as UK Inflation Declines

The Pound to Euro (GBP/EUR) and Pound to Dollar (GBP/USD) exchange rates are seen trading modestly higher on Wednesday, quoted at 1.18672 (+0.16%) and 1.22188 (+0.06%), respectively. After choppy trading in immediate reaction to the latest UK inflation data, the Pound traded marginally stronger as more substantial expectations of a February Bank of England (BoE) rate cut were offset by relief over a decline in UK...

CATEGORIES: Pound Sterling Forecasts

Pound to Euro Exchange Rate Steady as UK Inflation Softens

15 Jan 2025 at 1 PM - Written by Frank Davies

STORY LINK Pound to Euro Exchange Rate Steady as UK Inflation Softens

The Pound Sterling remained steady against the Euro and US Dollar on Wednesday, as markets responded to the latest UK inflation data. At the time of writing, Pound to Euro (GBP/EUR) exchange rate was trading around €1.1885, showing little movement from Wednesday’s opening levels. The Pound (GBP) held its ground on Wednesday after the release of the UK’s December consumer price index (CPI). According to the...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Finds Some Breathing Space, GBP/USD Still at Risk of 1.2000

14 Jan 2025 at 9 PM - Written by Frank Davies

STORY LINK Pound Sterling Finds Some Breathing Space, GBP/USD Still at Risk of 1.2000

The Pound hit 14-month lows against the US Dollar, close to 1.2100 on Monday before a rally to 1.2200 as the dollar corrected weaker. A slight easing of the UK political temperature has helped provide Sterling relief. ING is not convinced that the Pound is out of the woods yet; “Things can stabilise in the gilt and GBP markets over the coming weeks, but Cable may still drop to 1.2000 in the very near term before...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar Exchange Rate Dips to $1.21

14 Jan 2025 at 9 PM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Dips to $1.21

The Pound to Dollar rate (GBP/USD) declined further on Tuesday as persistent worries about the UK economy unnerved investors. The Pound (GBP) faced renewed selling pressure on Tuesday amid ongoing concerns about the UK’s economic trajectory. Although UK bond yields retreated slightly from Monday’s near-three-decade highs, fears about the country’s fiscal stability lingered. Investors are increasingly...

CATEGORIES: Pound Dollar Forecasts

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