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Pound Sterling: Damage to Technical Outlook say Analysts

3 Jan 2025 at 3 PM - Written by Frank Davies

STORY LINK Pound Sterling: Damage to Technical Outlook say Analysts

The British Pound Sterling (currency:GBP) came under sustained pressure on Thursday, with the pound-to-dollar (GBP/USD) exchange rate sliding to 8-month lows just above 1.2350. European currencies were sold heavily overall, while the dollar maintained a strong tone. The Pound also continued its dismal new-year run with GBP/USD weakening on the first trading day for the seventh successive year. There was limited...

CATEGORIES: Pound Dollar Forecasts

British Pound Sterling Slides Against Euro and Dollar on 2025 UK Stagnation Fears

2 Jan 2025 at 11 AM - Written by David Woodsmith

STORY LINK British Pound Sterling Slides Against Euro and Dollar on 2025 UK Stagnation Fears

The British Pound weakened at the start of 2025, while the US Dollar made further headway against European currencies. The Pound to Euro (GBP/EUR) exchange rate retreated to 1.2040 while the Pound to Dollar (GBP/USD) exchange rate dipped to 7-month lows at 1.2470. There are increased market concerns that the UK economy will struggle while the Bank of England is forced to keep interest rates relatively high. Although...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Dollar Rate Predictions Next Year: Waves of Uncertainties Surround 2025

31 Dec 2024 at 2 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Rate Predictions Next Year: Waves of Uncertainties Surround 2025

NYE 2025 Forecast Update: The Pound to Dollar exchange rate (GBP/USD) dipped to 6-month lows below 1.2500 during December before settling just above this level. UBS expects that GBP/USD will strengthen to 1.34 by the end of 2025 as the dollar eventually loses ground. In contrast, HSBC maintains a bullish dollar stance and is unconvinced over the Pound with an end-2025 GBP/USD forecast of 1.23. After initial losses,...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

US Dollar to Yen Forecast: Clash of Economics and Politics, 140 or 160 in 12 months

31 Dec 2024 at 2 PM - Written by Frank Davies

STORY LINK US Dollar to Yen Forecast: Clash of Economics and Politics, 140 or 160 in 12 months

The latest monetary policy statements triggered dollar gains and yen losses, with the dollar-to-yen (USD/JPY) exchange rate jumping to five-month highs near 158. The Pound to Yen (GBP/JPY) exchange rate is trading around 197. Monetary policies will remain a key element during 2025, although geo-political developments will also have a key impact as the Trump Administration takes office. HSBC expects a firm dollar tone...

CATEGORIES: Japanese Yen Forecasts

Euro to Dollar (EUR/USD) Exchange Rate Forecast 2025: Parity Run Expected

31 Dec 2024 at 2 PM - Written by Frank Davies

STORY LINK Euro to Dollar (EUR/USD) Exchange Rate Forecast 2025: Parity Run Expected

The US Dollar has seen sustained buying pressure since the November US elections and Trump’s victory. The Euro-to-USD exchange rate (EUR/USD) dipped to two-year lows just below 1.0350 before stabilising. The consensus is that Trump’s policies will put further upward pressure on the dollar. Danske Bank expects EUR/USD will retreat to 1.0000 on a 12-month view Investment banks are reluctant to forecast a slide below...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Euro Forecasts for 2025: 8-Year Best Ahead for GBP/EUR

30 Dec 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Euro Forecasts for 2025: 8-Year Best Ahead for GBP/EUR

The Pound to Euro exchange rate (GBP/EUR) hit a 33-month best around 1.2150 in 2024 as a notable shift in yields boosted Sterling. After a limited correction, a key element in 2025 will be whether GBP/EUR can break above 1.2200, levels last seen before the 2026 Brexit referendum. Goldman Sachs remains positive on Pound fundamentals and forecasts that GBP/EUR will strengthen to 1.2660 by the end of 2025. RBC Capital...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Euro Rate in Mysterious 2% JUMP on Christmas Day

25 Dec 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Euro Rate in Mysterious 2% JUMP on Christmas Day

The British Pound to Euro exchange rate has seen a mysterious 2% jump higher on Christmas Day. The Pound went from trading at around 1.2055 at 07:30, to 1.2276 at 08:30 GMT. This represents an over 200 pip jump on otherwise thin trading conditions. More updates to follow... Pound Nudges Higher into the Holiday Period, Investment Banks Still Expect Dollar Strength The Pound secured a net gain on Tuesday with very...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Rate 2025 Forecast: Plunge to 1.17 or Rally to 1.38?

22 Dec 2024 at 11 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate 2025 Forecast: Plunge to 1.17 or Rally to 1.38?

Currency exchange strategists at Nordea forecast that the Pound to Dollar exchange rate (GBP/USD) will slide to 1.17 by the middle of 2025 which would be the lowest reading since November 2022. Bank of America still expects GBP/USD to advance to 1.38 at the end of 2025. Nordea expects relative growth rates will support the dollar and added; “There is also the potential for an even stronger dollar in the scenario of an...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Rate End-of-Year Forecast: Steady Path to 1.25 in 2025

22 Dec 2024 at 11 AM - Written by David Woodsmith

STORY LINK Pound to Euro Rate End-of-Year Forecast: Steady Path to 1.25 in 2025

Foreign exchange strategists at HSBC forecast that the Pound to Euro (GBP/EUR) exchange rate will strengthen steadily to 1.25 at the end of 2025. Nordea, however, expects that GBP/EUR will slide to 1.1365 at the end of next year. GBP/EUR fleetingly hit a 33-month best at 1.2160 during the week before a sharp retreat to around 1.2060 following the Bank of England (BoE) policy meeting. The BoE held interest rates at...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound Sterling Dips Against Euro and Dollar on Surprise BoE Vote Split

20 Dec 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound Sterling Dips Against Euro and Dollar on Surprise BoE Vote Split

A narrower-than-expected Bank of England (BoE) vote in favour of holding interest rates at 4.75%, triggered a Pound sell-off on Thursday. The Pound was also undermined overnight by wider dollar gains. A hawkish Fed statement had help cut market expectations of a February BoE cut to below 50%, but this was reversed after the BoE statement. The Pound to Dollar exchange rate (GBP/USD) dipped to 1.2600 from earlier highs...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

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