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Pound Sterling to Dollar Rate Hits 1.247 as UK Government Talks up Economy

27 Jan 2025 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling to Dollar Rate Hits 1.247 as UK Government Talks up Economy

The Pound to Dollar exchange rate (GBP/USD) hit 20-day highs just above 1.2520 before settling just above 1.2500. The government’s shift in stance to talk up the economy and put renewed focus on the growth outlook had some impact in supporting Pound sentiment, although there are still important reservations over the near-term outlook. COT data, released by the CFTC also recorded a net short position in speculative...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Forecast Warning: Risk for GBP/USD Slide to 1.15

26 Jan 2025 at 5 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Forecast Warning: Risk for GBP/USD Slide to 1.15

Foreign exchange analysts at Nordea expect dollar strength to dominate for much of the year. It sees the risk of GBP/USD sliding to at least 1.15 with an end-2025 forecast of 1.17. In contrast, Bank of America expects GBP/USD gains to 1.38. US data did not have a significant impact during the week, although a weaker-than-expected business confidence report did undermine the US currency on Friday. The primary attention...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Week Ahead Forecast: GBP/EUR Turns Corner

26 Jan 2025 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: GBP/EUR Turns Corner

The Pound Sterling (GBP) overall secured a tentative recovery against the Euro (EUR) during the week amid relief that the bond market stabilised. From 4-week lows near 1.1800, the Pound to Euro exchange rate (GBP/EUR) advanced to around 1.1860. Bank of America (BoA) is still forecasting that GBP/EUR will strengthen to 1.25 at the end of 2025. BNPP has greater reservations over the Pound but forecasts GBP/EUR at...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Euro Forecast Today: GBP/EUR Slips despite Growing ECB Rate Cut Speculation

24 Jan 2025 at 8 AM - Written by Tim Boyer

STORY LINK Pound to Euro Forecast Today: GBP/EUR Slips despite Growing ECB Rate Cut Speculation

The Pound Sterling (GBP) was subdued against the Euro (EUR) on Thursday despite a rise in European Central Bank (ECB) interest rate cut bets. At the time of writing, the Pound Euro (GBP/EUR) exchange rate was trading at around €1.1832, virtually unchanged from Thursday’s opening levels. On Thursday, the Euro (EUR) remained largely unchanged against most of its counterparts, struggling to gain traction as speculation...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Forecast Today: GBP Retakes $1.24 vs USD Ahead of PMIs

24 Jan 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Forecast Today: GBP Retakes $1.24 vs USD Ahead of PMIs

The Pound Sterling (GBP) advanced to $1.24 handle against the US Dollar on Friday ahead of the latest PMI data. At the time of writing, Pound US Dollar exchange rate (GBP/USD) was trading at approximately $1.24. Sterling was mostly rangebound against the US currency on Thursday amid thin market trading conditions. On Thursday, the Pound (GBP) had a tough time gaining traction against most of its counterparts, as the...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Forecast: Pound to Dollar Rate Holds Near $1.23

22 Jan 2025 at 4 PM - Written by Tim Boyer

STORY LINK GBP/USD Forecast: Pound to Dollar Rate Holds Near $1.23

The Pound US Dollar exchange rate was mostly quiet on Wednesday amid an absence of both UK and US economic data releases. At the time of writing, GBP/USD was trading at approximately $1.2354, virtually unchanged from the start of Thursday’s session. On Wednesday, the Pound (GBP) experienced minimal fluctuation against most other currencies, as the lack of major economic data left the British currency...

CATEGORIES: Pound Dollar Forecasts

Trump and Melania Meme Coins: Further Crash, Pump and Dump?

22 Jan 2025 at 3 PM - Written by Frank Davies

STORY LINK Trump and Melania Meme Coins: Further Crash, Pump and Dump?

Over the past day, Official Trump (TRUMP) recorded a trading volume of $11,012,466,402, reflecting a 35% decrease compared to the previous 24-hour period. The token’s highest recorded price of $73.43 was achieved on January 19, 2025, making its current value 45.60% lower than that peak. Meanwhile, its all-time low of $4.29 was noted on January 18, 2025, marking an 830.96% climb from that bottom. The crypto industry has...

CATEGORIES: Currency Predictions

Pound to Euro Forecast: Gradual Net Gain to 1.2050 in Six Months

22 Jan 2025 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Euro Forecast: Gradual Net Gain to 1.2050 in Six Months

The Pound to Euro exchange rate (GBP/EUR) held above 4-month lows on Tuesday and has managed to stabilise around 1.1840 without being able to make significant headway. Rabobank expects a gradual net gain to 1.2050 on a 6-month view. There was further disappointing UK data with higher-than-expected government borrowing for December. There was, however, a measured reaction in the UK bond market with the 10-year yield...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Euro (GBP/EUR) Exchange Rate Drops Amid Rising UK Borrowing Costs

22 Jan 2025 at 10 AM - Written by Frank Davies

STORY LINK Pound to Euro (GBP/EUR) Exchange Rate Drops Amid Rising UK Borrowing Costs

The Pound declined against the Euro on Wednesday as investors reacted to an unexpected surge in UK public sector borrowing. At the time of writing, GBP/EUR exchange rate was trading around €1.1827, down approximately 0.2% from Wednesday’s opening levels. The Pound (GBP) faced selling pressure on Wednesday morning following the release of disappointing UK public sector borrowing data. Figures from the Office...

CATEGORIES: Pound Euro Forecasts

Bank of England Decision Gets Tougher, Pound to Euro Holds 1.182

21 Jan 2025 at 3 PM - Written by Frank Davies

STORY LINK Bank of England Decision Gets Tougher, Pound to Euro Holds 1.182

UK yields were little changed while the Pound to Euro (GBP/EUR) interest rate was unable to make headway and settled around 1.1830, close to 4-month lows near 1.1800 recorded on Monday. The Pound to Dollar (GBP/USD) exchange rate traded close to 1.2250 with Trump’s trade talk maintaining volatile trading conditions. The latest UK data has complicated the Bank of England’s policy decisions. Although it clearly...

CATEGORIES: Pound Euro Forecasts

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