Pound Dollar forecast -

ING expects the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.28 in the short term. During the week, GBP/USD dipped to 8-week lows around 1.2975 before a tentative recovery to 1.3030. The November US election is looming large on investment bank commentary and forecasts. ING sees further potential dollar demand; “With...

The Pound US Dollar exchange rate traded largely sideways on Thursday following the publication of the US’s retail sales data for September. At the time of writing, GBP/USD was trading at approximately $1.3005, virtually unchanged from the start of Thursday’s session. The US Dollar (USD) treaded water against most of its...

The Pound US Dollar exchange rate lost ground on Wednesday following the publication of the UK’s latest consumer price index (CPI). At the time of writing, GBP/USD was trading at approximately $1.3020, down roughly 0.4% from the start of Wednesday’s session. The Pound (GBP) plunged against the majority of its counterparts on...

The Pound posted sharp losses after the notably lower-than-expected UK inflation data. Markets priced in very close to a 100% chance of an interest rate cut at the November Bank of England (BoE) meeting. The chances of two rate cuts by the end of 2024 is now seen at near 70% and speculation over a larger 50 basis-point move in...

UK wages data reinforced very strong market expectations that the Bank of England (BoE) would cut interest rates at the November policy meeting. The Pound to Dollar (GBP/USD) exchange rate dipped to 1.3035 before a recovery to 1.3070 as the dollar lost ground in global markets, although the overall range was little changed. The...

The Pound to US Dollar (GBP/USD) exchange rate was mostly unchanged on Tuesday following the release of the UK’s latest employment data. At the time of writing, GBP/USD was trading around $1.3077. Virtually unmoved from Tuesday’s opening levels. The Pound (GBP) traded sideways on Tuesday as investors reacted to the latest UK...

The Pound US Dollar exchange traded sideways on Monday as a lack of both UK and US economic data releases left the currency pairing largely flat. At the time of writing, GBP/USD was trading at approximately $1.3056, virtually unchanged from the start of Monday’s session. The US Dollar (USD) had a sluggish start to the week as a...

According to Commerzbank; “we expect pronounced USD weakness, as the Fed is now delivering much sharper interest rate cuts than previously expected. We therefore think that the arguments in favour of the pound versus the US dollar should count for much more, which is why we expect to see higher levels here in the coming...

The Pound US Dollar (GBP/USD) exchange rate fluctuated within a tight range on Thursday, even after the release of minutes from the Federal Reserve's recent policy meeting. As the time of writing, GBP/USD stood at $1.3073, showing little change from the day's opening levels. The US Dollar (USD) traded somewhat cautiously on...

The latest US data triggered fresh uncertainty over economic direction and also lead to choppy trading in currency markets. The Pound to Dollar (GBP/USD) exchange rate briefly dipped to 4-week lows at 1.3025 after the US data before a recovery to 1.3080. US consumer prices increased 0.2% for September, above consensus forecasts of...