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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 John Cameron

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

Pound to Euro Remains Weighed, UK Inflation up Next

14 Jan 2025 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro Remains Weighed, UK Inflation up Next

The Pound to Euro exchange rate (GBP/EUR) continued to slip on Tuesday as the state of the UK’s bond market undermined the currency pairing. GBP/EUR traded at around €1.1871, down roughly 0.4% from Tuesday’s opening levels. On Tuesday, the Pound (GBP) saw a slight recovery from its recent losses, with smaller fluctuations against other currencies. This uptick came as UK government bonds began to decline late on...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Falls vs Dollar and Euro Ahead of Next US Data

14 Jan 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Falls vs Dollar and Euro Ahead of Next US Data

The Pound US Dollar exchange rate dropped significantly on Monday as ongoing concerns over the UK’s bond market continued putting pressure on the British currency. The British Pound (GBP) faced further decline and continued on its downward trend against most major currencies. The British currency remained under significant pressure due to the UK’s bond market challenges. Last week, the yield on the 30-year UK...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Rate Drops Amid Renewed UK Bond Market Woes

14 Jan 2025 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Drops Amid Renewed UK Bond Market Woes

The Pound Sterling slid lower vs the Euro and US Dollar on Monday as pressure mounted in the UK bond market, leading to another round of selling for government debt. At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading near €1.1881, down rough 0.3% from Monday’s opening levels. The British Pound struggled on Monday as another increase in UK government borrowing costs unnerved investors. ...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213

13 Jan 2025 at 1 PM - Written by David Woodsmith

STORY LINK Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213

The British Pound Sterling came under renewed pressure on Monday as sellers looked to trigger further pressure and position liquidation. The Pound to Dollar (GBP/USD) exchange rate has slumped to fresh 14-month lows at 1.2110. ING had expected GBP/USD support around 1.2250 but now expects that there will be a further slide to 1.20. The dollar overall has posted further gains with fresh 2-year highs, which has hurt the...

CATEGORIES: Pound Dollar Forecasts

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