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Dollar Pound forecast - USD GBP

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

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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...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling Drops Against Euro and Dollar Amid Second Month of Economic Contraction

13 Dec 2024 at 10 AM - Written by Frank Davies

STORY LINK Pound Sterling Drops Against Euro and Dollar Amid Second Month of Economic Contraction

The Pound Sterling fell against the Euro and US Dollar following the latest UK GDP data release on Friday. The Pound to Dollar (GBP/USD) exchange rate dipped to 10-day lows at 1.2620 while the Pound to Euro (GBP/EUR) exchange rate retreated to 1.2065, well below 33-month highs of 1.2150 recorded earlier in the week. According to the...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Dollar to Pound Sterling Outlook: Softer US Jobs Makes a FED Christmas Cut More Likely

8 Dec 2024 at 5 PM - Written by David Woodsmith

STORY LINK Dollar to Pound Sterling Outlook: Softer US Jobs Makes a FED Christmas Cut More Likely

Friday’s Jobs Report was mixed. The headline number beat expectations, but the unemployment rate rose. The Fed will be more concerned with the latter and the report has increased the odds of a December cut to around 84%. Friday’s Jobs Report had the potential to shift the odds of a December cut which stood at 68% ahead of...

CATEGORIES: Dollar Pound 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

The New Zealand Dollar to Pound Rate Drops Sharply as the RBNZ Cut 50bps

10 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK The New Zealand Dollar to Pound Rate Drops Sharply as the RBNZ Cut 50bps

Wednesday’s session is mostly flat as the dollar and yields consolidate recent gains. The big move of the day comes from the New Zealand dollar which fell around –1%. This came after the RBNZ cut rates by another 50bps. This was no real surprise to markets, but the bank’s outlook and dovish tone weighed on exhancge rates....

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Pound to Dollar Rate Strengthens Amid Market Optimism - GBP/USD News

1 Oct 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate Strengthens Amid Market Optimism - GBP/USD News

The Pound to US Dollar (GBP/USD) exchange rate maintained a positive trajectory at the start of this week, with the pairing nearing its highest level since February 2021. At the time of writing, GBP/USD was trading around $1.3421. Up approximately 0.4% from Monday’s opening levels. The US Dollar (USD) struggled to attract...

CATEGORIES: Dollar Pound Forecasts

US Dollar to Pound Exchange Rate Slides as US Labour Market Softens

13 Sep 2024 at 9 AM - Written by John Cameron

STORY LINK US Dollar to Pound Exchange Rate Slides as US Labour Market Softens

The Pound US Dollar (GBP/USD) exchange rate posted modest gains on Thursday following the latest US jobs release. At the time of writing GBP/USD was trading at around $1.3058 at the time of writing, up approximately 0.2% from Thursday’s opening levels. The Pound (GBP) faced headwinds on Thursday, hampered by a void in fresh...

CATEGORIES: Dollar Pound Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

19 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

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