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

British Pound Steady vs Euro and Dollar following Eurozone and UK Data Releases

25 Mar 2025 at 12 PM - Written by Tim Boyer

STORY LINK British Pound Steady vs Euro and Dollar following Eurozone and UK Data Releases

The Pound was trapped in a narrow range against currency peers Euro and US Dollar on Tuesday following the release of some economic data from the Eurozone and the UK. At the time of writing, the Pound to Euro exchange rate GBP/EUR was trading at around €1.1971, virtually unchanged from Tuesday’s opening levels. On Tuesday, the...

CATEGORIES: Pound Sterling Forecasts

Pound to Dollar Forecast: "Bullish Outside Range Reversal" say Analysts

24 Mar 2025 at 3 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Forecast: "Bullish Outside Range Reversal" say Analysts

The Pound US Dollar exchange rate traded mostly flat on Monday as the UK and the US both released their respective preliminary S&P Global PMIs. At the time of writing, GBP/USD was trading at approximately $1.2925, virtually unchanged from the start of Monday’s session. Pound (GBP) Stays Strong despite Mixed PMIs On Monday, the...

CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts

Bank of England: Pound Sterling Could Dive vs Euro, Dollar on Unexpected BoE Cut

19 Mar 2025 at 5 PM - Written by David Woodsmith

STORY LINK Bank of England: Pound Sterling Could Dive vs Euro, Dollar on Unexpected BoE Cut

There are very strong expectations that the Bank of England will hold interest rates at 4.50% this week with all 61 economists in the latest Reuters survey calling for no change. - The Pound will slump if there is an unexpected cut. - Assuming rates are left at 4.50%, the vote split and guidance will be the key elements. -...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Jumps against Euro and Dollar on "Stable" UK Jobs Market

18 Feb 2025 at 9 AM - Written by Ben Hughes

STORY LINK Pound Sterling Jumps against Euro and Dollar on "Stable" UK Jobs Market

The Pound rallied against the Euro and Dollar on Tuesday after stronger-than-expected UK wage growth triggered fresh doubts about whether the Bank of England would be able to cut interest rates more aggressively. The Pound to Euro exchange rate (GBP/EUR) hit 6-week highs just above 1.2060. The next resistance area will be around...

CATEGORIES: Pound Sterling Forecasts

Mann Inflation U-Turn Curbs Pound Sterling Support

11 Feb 2025 at 4 PM - Written by Ben Hughes

STORY LINK Mann Inflation U-Turn Curbs Pound Sterling Support

The Pound to Dollar exchange rate (GBP/USD) retreated to 1-week lows at 1.2335 after dovish comments from BoE member Mann before a tentative recovery to 1.2365 as choppy conditions persisted. According to ING; “1.2250 looks like the near-term target for GBP/USD.” Danske Bank, however, expects the dollar will struggle for now;...

CATEGORIES: Pound Sterling Forecasts

Bank of England: GBP Losses vs EUR and USD, Markets Expect Three More Rate Cuts in 2025

6 Feb 2025 at 9 PM - Written by Ben Hughes

STORY LINK Bank of England: GBP Losses vs EUR and USD, Markets Expect Three More Rate Cuts in 2025

Pound Sterling traded lower against the Euro and US Dollar into the Bank of England (BoE) decision, not helped by a weaker-than-expected reading for the construction PMI index. Sterling dipped sharply following the BoE cut to 4.50% with markets considering that there is scope for more rate cuts this year. Markets are now pricing in...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling is a Buy: UK Looks to Dodge Trump’s Trade Wars

5 Feb 2025 at 7 AM - Written by Ben Hughes

STORY LINK Pound Sterling is a Buy: UK Looks to Dodge Trump’s Trade Wars

Risk appetite rebounded strongly during Monday’s New York session as the immediate threat of US tariffs on Mexico and Canada was withdrawn. This positive impact on risk was offset in Asia as the additional 10% tariffs on Chinese exports to the US went into effect with markets also expecting action against the EU. The Pound overall...

CATEGORIES: Pound Sterling Forecasts

Pound to Euro Outlook: GBPEUR Flat following ECB Interest Rate Cut

31 Jan 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound to Euro Outlook: GBPEUR Flat following ECB Interest Rate Cut

Pound Sterling (GBP) was trapped in a narrow range against the Euro (EUR) on Thursday following the publication of the European Central Banks (ECB) latest interest rate decision. At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading at around €1.1951, virtually unchanged from Thursday’s opening levels. On...

CATEGORIES: Euro Forecasts 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...

CATEGORIES: Pound Sterling Forecasts

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...

CATEGORIES: Pound Sterling Forecasts

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