Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Sterling forecast - gbp pound sterling pound sterling

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

Bank of England in Wait and See Mode

20 Nov 2024 at 9 AM - Written by Tim Boyer

STORY LINK Bank of England in Wait and See Mode

BoE in Wait and See Mode, GBP/USD Trapped Near 6-Month Lows Ahead of Inflation Data The Pound to Dollar (GBP/USD) exchange rate has managed to hold above 6-month lows just below 1.2600 recorded late last week, but has struggled to make significant headway. According to ING; “We see no reason for a large dollar correction at the...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Strengthens as UK Inflation Jumps to 2.3%

20 Nov 2024 at 9 AM - Written by Frank Davies

STORY LINK Pound Sterling Strengthens as UK Inflation Jumps to 2.3%

UK inflation is bouncing back, and Wednesday’s readings were higher than expected. Sterling is up around +0.25% against the euro. The data is not likely to lead to major changes in BoE policy, but it does put a December cut in doubt. Markets have entered a post-election pause ahead of the US holiday season, which starts on...

CATEGORIES: Pound Sterling Forecasts

Bank of England: Pound Sterling Higher as BoE On Track for Gradual Rate Cuts

13 Nov 2024 at 7 AM - Written by Tim Boyer

STORY LINK Bank of England: Pound Sterling Higher as BoE On Track for Gradual Rate Cuts

After hitting 31-month highs just above 1.2100 on Monday, the Pound to Euro (GBP/EUR) exchange rate has corrected to 1.2070, but found buyers near 1.2050. Overall yield spreads will continue to underpin GBP/EUR, especially if the Bank of England maintains a cautious stance on lowering interest rates. The Euro also remains vulnerable...

CATEGORIES: Pound Sterling Forecasts

Bank of England: Pound Sterling Higher vs Euro, Dollar as UK Interest Rates Cut

8 Nov 2024 at 8 AM - Written by David Woodsmith

STORY LINK Bank of England: Pound Sterling Higher vs Euro, Dollar as UK Interest Rates Cut

The BoE curt rates by 25bps. This was expected and the pound actually rose slightly against the euro. The budget seems to have tempered the bank’s plans to shift more dovish and get “more aggressive” with rate cuts as Governor Bailey suggested they might last month. Markets only expect 3 more cuts. This is bullish for the...

CATEGORIES: Pound Sterling Forecasts

UK 2024 Autumn Budget and Strong Eurozone GDP Spark Pound to Euro Exchange Rate Losses

31 Oct 2024 at 7 AM - Written by James Fuller

STORY LINK UK 2024 Autumn Budget and Strong Eurozone GDP Spark Pound to Euro Exchange Rate Losses

The Pound Euro (GBP/EUR) exchange rate dropped on Wednesday, with strong Eurozone data and the UK budget impacting the pairing. At the time of writing, GBP/EUR traded at €1.1978, down 0.4% on the day. The British Pound (GBP) dropped on Wednesday following Chancellor Rachel Reeves's presentation of the highly anticipated Autumn...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts

UK Budget Analysis: FX Markets and Pound Nervous Following Jump in Bond Yields

31 Oct 2024 at 7 AM - Written by Tim Boyer

STORY LINK UK Budget Analysis: FX Markets and Pound Nervous Following Jump in Bond Yields

In the UK budget, Chancellor Reeves announced a £40bn package of tax increases. According to the Institute of Fiscal Studies (IFS) this is the second largest fiscal tightening on record. There will be substantial increases in spending and government borrowing will also be increased sharply. There was an initial decline in bond...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Edges Higher into UK Budget, GBP/USD Re-Tests 1.30

29 Oct 2024 at 8 PM - Written by David Woodsmith

STORY LINK Pound Sterling Edges Higher into UK Budget, GBP/USD Re-Tests 1.30

The Pound to Dollar (GBP/USD) exchange rate found support above 1.2950 on Tuesday and rallied to test the 1.3000 level after the New York open as the dollar retreated after the batch of US data, but failed to make a decisive break higher. According to Scotiabank; “gains through 1.2995/00 could still see the pound extend to the...

CATEGORIES: Pound Sterling Forecasts

Pound US Dollar Exchange Rate Climbs

25 Oct 2024 at 1 PM - Written by Frank Davies

STORY LINK Pound US Dollar Exchange Rate Climbs

The Pound US Dollar exchange firmed on Thursday following the publication of the latest US and UK PMI indices. At the time of writing, GBP/USD was trading at approximately $1.2972, up roughly 0.4% from the start of Thursday’s session. The Pound (GBP) gained ground against most currencies on Thursday despite the release of some...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

22 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Undermined by Anxious Market Mood

The Pound US Dollar exchange rate ticked lower on Monday as a safe-haven dash undermined the currency pairing. At the time of writing, GBP/USD was trading at approximately $1.3018, down roughly 0.2% from the start of Monday’s session. US Dollar (USD) Supported by Downbeat Trade The US Dollar (USD) captured investors focus on...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious

15 Oct 2024 at 9 AM - Written by Ben Hughes

STORY LINK Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious

Employment data in the UK was mixed and won’t swing market bias far from where it is already. Wage growth remains a hurdle to aggressive cuts from the BoE. CPI on Wednesday could be more important in shaping policy. Tuesday’s main event came early in the session with the release of the UK employment report. Headlines will...

CATEGORIES: Pound Sterling Forecasts

Daily Market Updates

Major Currency Forecasts

Currency Pairs

Popular Currency Tags

Currency News Info

Currency Rates Today