We forecast further losses for the Pound against the Dollar in the coming week, but we think downside will be limited to 1.3036.
September 9,2024
After a poor August, the Dollar has roared back into life and is pushing the Pound lower again. One currency payment specialist thinks GBP/USD could go below 1.30.
September 5,2024
Pound Sterling's uptrend against the Dollar could experience a deeper setback this week if U.S. labour market data beat expectations.
September 2,2024
The Dollar looks set to bounce back following a period of sustained losses, say strategists at HSBC, who think the Pound is particularly vulnerable.
August 30,2024
Pound Sterling powered to fresh two-year highs at the end of last week, buoyed by the Federal Reserve's commitment to a September rate cut. But, the rally is looking stretched.
August 26,2024
The Pound to Dollar exchange rate has rallied back strongly from its early August losses but the charts and bilateral economic fundamentals are aligned in suggesting that further gains could still be likely up ahead.
August 20,2024
The Pound rose against all major currencies this week as it drew a line under prior losses but BofA Global Research says it can still rise further against the Dollar, Euro, Japanese Yen and Swiss Franc up ahead.
August 19,2024
The Pound to Dollar exchange rate has steadied following a steep sell-off in late July and early August but there are multiple reasons for thinking it could have scope to recover further lost ground in the days ahead, with a retest of the 200-week average up around 1.2845 a credible prospect.
August 12,2024
The Pound to Dollar exchange rate stabilised around one-month lows on Wednesday but it faces technical and fundamental headwinds that could complicate any attempt at recovery in the days and weeks ahead.
August 7,2024
Pound Sterling has declined for three weeks in succession but ultimately clings onto a broadly constructive setup.
August 5,2024
The fiscal straight-jacket of the UK's fiscal rules means the feel-good factor for the Pound can soon end.
July 30,2024
The Pound to Dollar exchange rate can remain under pressure into a potential interest rate cut and Friday's U.S. jobs report.
July 29,2024
Foreign exchange analysts at Investec, the commercial and investment bank, have raised their forecast targets for the Pound to Dollar exchange rate.
July 25,2024
The Pound to Dollar exchange rate could sail through the 1.30's in the coming months, bolstered by a more promising economic outlook and the prospects of political stability.
July 24,2024
Pound Sterling hit highs above 1.30 against the Dollar last week, but a decline in stock markets brought the rally to a halt. This week, we will watch the market's reaction to U.S. political developments for guidance.
July 22,2024
Pound Sterling has risen to its highest level in a year against the Dollar after last week's 1.35% gain. But, the rally leaves it technically overbought in the near term and exposed to weakness if this week's inflation and wage figures undershoot expectations.
July 15,2024
Pound Sterling has now reached elevated levels against the U.S. Dollar and will need Thursday's U.S. inflation release to be soft if it is to break fresh ground.
July 8,2024
MUFG Bank says the UK's political outlook contrasts favourably with developments in Europe and a strengthening economy will limit the amount of interest rate cuts the Bank of England can deliver in 2024.
July 2,2024
Pound Sterling starts the new week with a solid advance against the Dollar, although a busy U.S. data calendar and the UK's elections could offer up some volatility.
July 1,2024
Pound Sterling Live and Corpay have launched the midyear forecast collation for the Pound to Dollar exchange rate.
June 28,2024
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