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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.

LIVE EXCHANGE RATE 08:04:08 Dollar Pound Rate »
USD/GBP +0 Days Low Days High Last Daily
0.79176 +0% 0.79176 0.79176 0.79176

Pound Jumps Against Euro and Dollar on UK Retail Sales Sterling Boost

21 Feb 2025 at 7 AM - Written by Frank Davies

STORY LINK Pound Jumps Against Euro and Dollar on UK Retail Sales Sterling Boost

The Pound posted gains against the Euro and US Dollar after the latest UK data releases with strong retail sales and tax receipts data for January easing unease over the economy. The Pound to Dollar exchange rate (GBP/USD) hit fresh 2-month highs just below 1.2680 while the Pound to Euro exchange rate (GBP/EUR) held firm around 1.2075....

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

US Inflation Moves Reverse, While the Pound Rises Following GDP Data

15 Feb 2025 at 5 PM - Written by David Woodsmith

STORY LINK US Inflation Moves Reverse, While the Pound Rises Following GDP Data

Wednesday’s CPI-inspired moves have mostly reversed and the US dollar is surprisingly lower since the release. The pound is the best-performing G7 currency on Thursday, with a +0.4% gain against the USD. GDP data for December and Q4 was better than expected, although the figures were still weak and won’t alter the BoE’s...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts

Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar

14 Feb 2025 at 9 AM - Written by Tim Boyer

STORY LINK Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar

The British Pound spiked higher against the Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates on the headline UK GDP data but failed to hold the gains as the details within the data were notably less favourable and reinforced reservations over the underlying outlook. ING commented, “Fourth-quarter UK GDP wasn't as bad as it could...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound Sterling Under Pressure vs EUR and USD as BoE Speeches to Clarify Dovish Shift

11 Feb 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound Sterling Under Pressure vs EUR and USD as BoE Speeches to Clarify Dovish Shift

Monday’s session on foreign exchange rate markets has been volatile for the third week in a row as more tariff news hits the headlines. The pound sterling is slightly lower following last week’s BoE meeting and the dovish shift in voting patterns. Both Governor Bailey and MPC member Catherine Mann are due to speak on Tuesday...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Euro and Dollar Exchange Rates Rally Ahead of US Jobs Test

7 Feb 2025 at 11 AM - Written by Tim Boyer

STORY LINK Pound to Euro and Dollar Exchange Rates Rally Ahead of US Jobs Test

The Pound vs Euro (GBP/EUR) and Pound to Dollar (GBP/USD) exchange rates dipped in immediate reaction to Thursday’s Bank of England (BoE) rate cut before rallying on Friday. Domestic data has provided an element of support for the Pound, and markets also took note of comments from BoE Governor Bailey that not too much should be read...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

US Dollar Slides vs Pound, Euro as Trump Delays Tariffs Action

20 Jan 2025 at 10 PM - Written by Tim Boyer

STORY LINK US Dollar Slides vs Pound, Euro as Trump Delays Tariffs Action

The US Dollar (USD) edged lower in European trading and then posted sharp losses against the Euro (EUR) and Pound Sterling (GBP) following reports that the Trump Administration will not move to impose immediate tariffs on key trade partners. From lows close to 1.2160, the Pound to Dollar (GBP/USD) exchange rate surged to 10-day highs...

CATEGORIES: Dollar Pound Forecasts Euro 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...

CATEGORIES: Pound Dollar Forecasts 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...

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

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