City Index analyst Fawad Razaqzada says a drop to $1.25 looks increasingly likely for the Pound to Dollar exchange rate (GBP/USD).
November 21,2024
Pound Sterling has come under notable pressure against the Dollar as markets prepare for the second Trump administration, but we think relief is in store this week.
November 18,2024
GBP/USD is under pressure at the start of the new week, and we will watch for key support levels to be tested in the coming days.
November 11,2024
JP Morgan's FX trading desk sets out potential levels for GBP/USD on the three potential outcomes to today's U.S. election outcome.
November 6,2024
The Pound to Dollar exchange rate has risen on Monday as Donald Trump's odds of winning Tuesday's presidential election have fallen.
November 4,2024
The Dollar should weaken if Kamala Harris wins next week's U.S. election, but a balance of probabilities favours strength.
November 1,2024
The Pound to Dollar exchange rate (GBP/USD) will likely remain under pressure in the coming days, with bouts of strength likely to prove short-lived.
October 28,2024
Pound Sterling looks set to remain on the defensive against the Euro, and we could see sub-1.30 levels again in the coming five days.
October 21,2024
The British Pound trades higher against the Dollar in the wake of Friday's retail sales data, but the risks are still tilted to the downside.
October 18,2024
The prospect of a meaningful rebound in the Pound to Dollar exchange rate (GBP/USD) looks a remote prospect for the coming days.
October 14,2024
Pound Sterling's decline against the Dollar is not a mere correction and looks set to run for at least half a year.
October 8,2024
The Pound to Dollar exchange rate fell 2.0% last week and still looks heavy, but a limited rebound is possible in the coming days.
October 7,2024
Year-to-date, the GBP/USD is up about 5.3%. While the potential to extend these gains is there, the cable is now less than 70 pips away from testing a key long-term resistance zone between 1.3500 and 1.4000.
September 30,2024
The Pound to Dollar exchange rate can continue to advance in the coming days according to our Week Ahead Model. Fedspeak and U.S. payrolls are the fundamental risks to the positive setup.
September 30,2024
Foreign exchange analysts at Goldman Sachs have raised their forecasts for Pound Sterling on account of ongoing economic resilience and a reasessment of the Dollar's outlook.
September 26,2024
The British Pound extended its rally against the U.S. Dollar, but month-end flows and overbought conditions could prompt a pullback in the coming days.
September 24,2024
The British Pound can continue to advance against the Dollar in the coming weeks, but the next few days could see some consolidation around current levels.
September 23,2024
The Dollar will rebound if the Federal Reserve opts to stick with its guidance and cut interest rates by 25 basis points today, but strength will be shortlived according to one analysis.
September 18,2024
The Pound to Dollar exchange rate could test the 2024 high at 1.3250 if the Federal Reserve cuts interest rates by 50 basis points this week.
September 16,2024
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