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Wednesday, August 28, 2024

Pound to Dollar Week Ahead Outlook: Equity Markets Dominate

After a hesitant stance, CIBC expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.34 at the end of 2025. In contrast, ING expects GBP/USD...

* This article was originally published here

Saturday, August 24, 2024

Risk Conditions Continue to Dominate, Pound to Euro Rate Rallies

Global risk conditions and equity markets continue to dominate global markets. In essence, the Pound will tend to strengthen when conditions improve while there will be...

* This article was originally published here

Saturday, August 17, 2024

Hot Money Flows Increases Pound Correction Risk

The Pound to Euro (GBP/EUR) exchange rate has been held in narrow ranges with no further attack on the 1.1900 level and settled little changed around 1.1875. There are...

* This article was originally published here

Tuesday, August 13, 2024

Pound to Dollar FX Outlook: Fed Could Cut Ahead of the Bank of England

Following further evidence of stubborn UK services-sector inflation, there were fresh doubts over an August Bank of England (BoE) rate cut in August while markets are...

* This article was originally published here

Saturday, August 10, 2024

U.S. Jobs Report Reinforces View that Fed Has Misread the Economy and Delayed Easing Too Long

Unemployment in the United States rose from 4.1% in June to 4.3% last month, triggering the Sahm Rule that stipulates that if its 3-month moving average (4.1% in this case) happens to exceed the prior year’s lowest point (3.4%) by at least a half percentage point, there is a strong chance that a recession likely […]

* This article was originally published here

Friday, August 9, 2024

Pound to Dollar Forecast: Will 4-Month Best Hold for GBP/USD Buyers?

Stronger than expected GDP data and hawkish Bank of England (BoE) rhetoric has triggered renewed Pound gains in global markets. The Pound to Dollar (GBP/USD)...

* This article was originally published here

Thursday, August 8, 2024

Pound to Euro: Hawkish BoE Rhetoric Boosts Sterling Exchange Rates

French politics and Bank of England (BoE) interest rate expectations have been key drivers for the Pound against the Euro during Wednesday. Hawkish rhetoric from BoE...

* This article was originally published here

Wednesday, August 7, 2024

Pound to Euro Week Ahead Forecast: Slide in Risk Appetite Hurts

Rabobank expects the Pound to Euro (GBP/EUR) exchange rate to strengthen to 1.2050 on a 6-month view. ING, however, still expects that GBP/EUR will trade below...

* This article was originally published here

Monday, August 5, 2024

US Dollar Edges Lower as Biden Quits Presidential Election

GBP/USD Holds Above 1.2900 The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2900 on Friday before a tentative recovery to 1.2925 on...

* This article was originally published here

Thursday, August 1, 2024

Pound to Euro Exchange Rate Forecast Ranges: 1.15 to 1.22

Citigroup forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.22 at the end of 2024. In contrast, after a strong start, ING still forecasts...

* This article was originally published here