Pound Dollar forecast - GBP USD

After spiking to 3-week high just above 1.2630 after Friday’s US jobs data, the Pound to Dollar (GBP/USD) exchange rate was unable to hold the gains and retreated to around 1.2535 on Tuesday as UK markets re-opened following Monday’s market holiday. Risk appetite remains strong with the FTSE 100 index posting a fresh record high...

Morgan Stanley expects monetary policy divergence will undermine the Pound with the risk of a Pound to Dollar exchange rate (GBP/USD) slide to 1.20. CIBC also expects divergence and has an end-2024 GBP/USD forecast of 1.25. MUFG, however, expects a net gain to 1.2950 at the end of the year. Bank of England and Federal Reserve...

The Pound to Dollar exchange rate (GBP/USD) dipped sharply from 2-week highs at 1.2565 on Tuesday to trade below 1.2500 as the dollar posted strong gains. Federal Reserve policy guidance, US data and reaction in equity markets will be crucial for the Pound during Wednesday. There will be substantial dollar gains and weakness in...

The US Dollar lost some ground on Monday with strong evidence of Bank of Japan intervention to support the yen triggering a tentative wider retreat in the US currency. The Pound to Dollar (GBP/USD) exchange rate traded just above the 1.2500 level with markets braced for very volatile trading during the week. Bank of Japan actions...

Foreign exchange strategists at HSBC forecast the Pound to Dollar (GBP/USD) exchange rate to slide back below 1.24 in the near-term outlook. According to the bank; “We look for further GBP weakness ahead in the coming weeks. We expect this USD strength to persist, albeit in a more grinding fashion over the next month with attendant...

Although the US Dollar has posted 34-year highs against the Japanese Yen, the US currency has not been able to sustain the advance against European currencies. The dollar index overall has retreated to 105.25. The Pound has also continued its recovery in global markets and the Pound to Dollar (GBP/USD) exchange rate has broken back...

Currency exchange analysts at Barclays Bank forecast the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.21 in the short term outlook. The shift in US interest rate expectations has continued to take its toll on GBP/USD forecasts with Danske, for example, forecasting 1.16 on a 12-month view. GBP/USD dipped to 5-month lows...

The Pound to Dollar (GBP/USD) exchange rate dipped further to 5-month lows just above 1.2400 on Tuesday before a recovery to 1.2470 after the latest UK data. Expectations of near-term Federal Reserve interest rates have continued to fade with the potential for a June cut close to being ruled out while the chances of a July cut are now...

Pound Volatility to Remain Elevated, GBP/USD Attempts to Recover from 4-Month Lows The Pound to Dollar exchange rate (GBP/USD)came under sustained pressure on Friday with a slide below 1.1500 and 4-month lows just above 1.2425. The dollar continued to see strong buying following the shift in Federal Reserve expectations. GBP/USD...

Investment banks overall have tended to downgrade their Pound to Dollar exchange rate forecasts (GBP/USD). Credit Agricole and RBC Capital Markets were already forecasting 1.25 and 1.24 respectively for the end of 2024. ING has now dropped its forecast of GBP/USD gains to 1.30 or higher this year and is backing 1.25. The decisive...