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Dollar Pound forecast - USD GBP/FUNCTION.MYSQL

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

US Jobs Data Stems Panic Selling, GBP/EUR and GBP/USD Recover

5 Apr 2025 at 8 AM - Written by Frank Davies

STORY LINK US Jobs Data Stems Panic Selling, GBP/EUR and GBP/USD Recover

Markets have attempted to stabilise after the US jobs data, but the underlying mood remains extremely fragile. Earlier, confidence took a further dive following China’s announcement that it would impose retaliatory 34% tariffs on imports from the US. The move triggered further concerns over retaliation by other countries and...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound Dives vs Euro and Dollar as $2 Trillion Wiped off US Stock Market

5 Apr 2025 at 8 AM - Written by Tim Boyer

STORY LINK Pound Dives vs Euro and Dollar as $2 Trillion Wiped off US Stock Market

The Pound closed the week sharply lower against the Euro and Dollar after a historic $2 Trillion was wiped off the US stock market. GBP/EUR traded at 1.17647 and GBP/USD 1.28936 as fear dominated in global markets with strong demand for safe-haven assets. The S&P 500 index, for example, posted a 4.8% decline, the sharpest slide...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Dollar Pares Gains Towards 1.30, GBP/EUR Dips to 1.182

4 Apr 2025 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar Pares Gains Towards 1.30, GBP/EUR Dips to 1.182

Markets have attempted to rally at times, but the underlying mood has been extremely defensive with serious deterioration in risk appetite as President Trump’s imposition of tariffs on all imports to the US continues to undermine confidence. Despite the US imposing 20% tariffs on EU exports to the US, the Euro has gained significant...

CATEGORIES: Pound Dollar Forecasts Pound Euro 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

Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

12 Mar 2025 at 9 PM - Written by David Woodsmith

STORY LINK Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

The Bank of Canada (BoC) warning over inflation was slightly more hawkish than expected and provided some Canadian dollar support after the latest interest rate cut, although trading conditions remained volatile given the on-going trade war with the US. According to Governor Tiff Macklem "We ended 2024 on a solid economic footing. But...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Sterling Steadies Against Euro and Dollar, but Tariff Talk Injects Fresh Fear

25 Feb 2025 at 10 AM - Written by Tim Boyer

STORY LINK Pound Sterling Steadies Against Euro and Dollar, but Tariff Talk Injects Fresh Fear

After sliding to 11-week lows early on Monday, the dollar index bounced back amid fresh concerns over US tariff policy with President Trump insisting that tariffs on Canada and Mexico would go ahead on March 4th. US rhetoric on tariffs and Ukraine will remain key short-term market elements with further volatility inevitable amid...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

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

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