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Pound Dollar forecast - GBP USD

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

LIVE EXCHANGE RATE 00:55:44 Pound Dollar Rate »
GBP/USD -0 Days Low Days High Last Daily
1.26199 -0.02% 1.26196 1.26242 1.26218

Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar

27 Mar 2024 at 8 AM - Written by David Woodsmith

The Pound to dollar exchange rate (GBP/USD) hit highs just below 1.2670 on Tuesday. It was unable to sustain the peak levels and retreated to 1.2630 after the US open with little net change on the day as the dollar pared losses. There was a lack of underlying energy in markets with an underlying phase of consolidation after last...

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Pound to Dollar Rate Rallies to 1.2650, Asian Warnings Keep USD in Check

26 Mar 2024 at 9 AM - Written by David Woodsmith

The U.S. Dollar was hampered by two global developments during Monday and drifted lower in global markets. In this context, European currencies were also able to secure some relief, although overall moves were still relatively limited. The Pound to Dollar (GBP/USD) exchange rate found support close to 1.2600 and edged higher to near...

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Pound to Dollar Rate Forecast Next 6 Months: Goldman Sachs Raise to 1.33

24 Mar 2024 at 10 AM - Written by David Woodsmith

Foreign exchange strategists at Goldman Sachs have increased their 6-Month Pound to Dollar exchange rate forecasts (GBP/USD) to 1.33 from 1.30 previously. HSBC, however, sees a risk of a 5% decline from the recent peak just below 1.29. GBP/USD posted significant losses during the week with a slide to 1-month lows at 1.2575 before...

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Pound to Dollar: "Current Levels Attractive to Stay Short GBP/USD" say Danske Bank

23 Mar 2024 at 9 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) briefly jumped to 1-week highs at 1.2800 after the Federal Reserve policy decision, but failed to hold the gains. A limited dovish shift by the Bank of England pulled the Pound lower and the dollar also fought back in global markets amid expectations of European interest rate cuts. In...

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HSBC Sterling Outlook: "Little justification for this (pound) performance (in 2024)"

21 Mar 2024 at 4 PM - Written by David Woodsmith

The latest UK inflation data did not trigger a major shift in Bank of England (BoE) expectations or the Pound and markets are now looking to see whether the Federal Reserve policy statement and press conference can lead to a breakout. The Pound to Dollar (GBP/USD) exchange rate found support below 1.2700 and traded just above this...

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GBP to USD Outlook: Pound Sterling Braced for Major Transatlantic Event Risk

20 Mar 2024 at 9 AM - Written by John Cameron

The Pound has been unable to make headway against major currencies on Tuesday and will be vulnerable to further losses if Wednesday’s UK inflation data is weaker than expected. The dollar has also held a firm tone with the currency index strengthening to 2-week highs. In this environment, the Pound to Dollar (GBP/USD) exchange...

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Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

19 Mar 2024 at 9 AM - Written by John Cameron

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

Pound to Dollar Week Ahead Forecast: 1.30 in Nine Months say ING

17 Mar 2024 at 10 AM - Written by David Woodsmith

Currency exchange strategists at ING see scope for the Pound to Dollar exchange rate (GBP/USD) to advance to 1.30 at the end of 2024 as the dollar loses ground. RBC Capital Markets expects a retreat to 1.24 as the Pound is unable to make any headway. Federal Reserve (Fed) and Bank of England (BoE) policy decisions will be crucial in...

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Pound to Dollar: FX Markets Continue to Fret Over US Inflation Trends

15 Mar 2024 at 11 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) edged higher to 1.2820 ahead of the New York open before drifting lower. GBP/USD retreated further to 1.2760 after the US data releases as markets continued to fret over US inflation trends. The overall market moves were still relatively limited with markets focussing on the Federal...

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Pound to Dollar Rate Near 1.28 on Mixed Sterling Sentiment

13 Mar 2024 at 10 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) found support close to 1.2750 on Tuesday and rallied to test the 1.2800 level and traded close to this level on Wednesday. The dollar was resilient while the Pound was supported by firm risk conditions with the UK FTSE 100 index looking to build on Tuesday’s 1.0% gains. A break above...

CATEGORIES: Pound Dollar Forecasts