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GBP forecast: PMIs put more pressure on pound

GBP forecasts were revised to the downside as pound sterling continued its slide on weak PMI data. Mounting evidence points to a BoE pause in November.
GBP forecast

GBP forecast: Cable heads for worst month since mini-budget

Cable slid below $1.22 on continued USD strength and weak PMI data, with analysts mostly bearish on sterling in their GBP forecasts.
GBP forecast

GBP forecast: Analysts see cable on back foot to test 1.20

Despite the U.S. dollar’s recent retreat, analysts’ GBP forecasts remain skewed to the downside, forecasting cable to test 1.20 in the near future.
GBP forecast

GBP forecast: Cable continues rebound as USD retracts

Although pound sterling gained ground against the weakening U.S. dollar on Tuesday, analysts were cautious to revise their GBP forecasts upward.
pound to dollar

Pound to dollar rate steadies after tanking on U.S. CPI

The pound to dollar exchange rate saw a slight recovery on Friday after sliding on a hotter-than-expected U.S. inflation reading announced the previous day.
pound to dollar

Pound to dollar rate holds around 1.215 ahead of PMIs

The pound to dollar exchange rate held around 1.215 on Monday, as markets awaited the announcement of key unemployment and PMI figures in the UK.
Sterling

Soft data backs BoE rate outlook, sterling slides

Pound sterling slid against the dollar and euro on Wednesday after weak economic data pointed to the BoE likely holding rates steady next week.

Eyes on Thursday BoE meeting as sterling trades sideways

Pound sterling broadly traded sideways against the U.S. dollar and euro on Monday as traders eyed the upcoming Bank of England meeting.

pound

Pound rallies as BoE keeps rates on hold

The British pound rose against the dollar on Thursday, following the Bank of England’s decision to keep rates unchanged.
sterling

BoE comments on rates send pound sterling higher vs. euro

Pound sterling rose against the euro on Thursday after Bank of England officials signaled that interest rates may need to remain restrictive for some time.

Sterling

Zero UK GDP growth sends pound sterling to one-week low

Pound sterling held at one-week lows against the U.S. dollar on Friday as UK GDP figures showed that the country’s economy failed to grow in Q3.
pound

British pound edges up on Rishi Sunak's cabinet reshuffle

Pound sterling edged up against the U.S. dollar in trading on Monday following a cabinet reshuffle by UK Prime Minister Rushi Sunak.
Pound

British pound eases after UK inflation slows in October

The British pound declined against the U.S. dollar on Wednesday as UK inflation slowed at its fastest pace in over 30 years in October.
British pound at highest levels since August as USD

British pound at highest levels since August as USD slides

The British pound held onto its gains above the $1.26 threshold, reaching its highest level since late August, as investors processed recent hawkish statements from Bank of England (BoE) officials.

Pound

Data-heavy run-up to BoE meeting sees British pound rise

On Monday, the British pound strengthened against the dollar as traders prepared for a week filled with data releases and central bank meetings, including the upcoming session at the Bank of England (BoE) on Thursday.

Bank of England

Bank of England set to hold, markets eye forward guidance

The Bank of England appears poised to maintain interest rates at a 15-year high on Thursday, with investors focused on whether policymakers will push back against the growing market expectations of multiple rate cuts next year.

pound

British pound surges as BoE pushes back against rate cuts

The Bank of England (BoE) stuck to its position on Thursday, saying that interest rates in the UK should remain elevated for an "extended period”, a day after the U.S. Federal Reserve signalled forthcoming rate cuts in the United States.

Pound sterling digs in against USD.

Pound sterling digs in against USD on UK rate outlook

On Monday, the British pound remained stable against the U.S. dollar but slightly weakened against the euro after two consecutive days of gains, as investors assessed the likelihood of interest rates in Britain remaining higher than in other major economies throughout 2024.

British pound.

British pound slips after sharp fall in UK inflation

Pound sterling declined against both the U.S. dollar and euro following the release of data revealing a drop in British inflation for November, coming in significantly below expectations. The news prompted financial markets to revise projections for when the Bank of England (BoE) might begin cutting interest rates next year.

British One Pound Coin

Election, BoE cuts in focus for 2024 British pound forecasts

The pound to dollar currency pair (GBP/USD), widely known as “cable” in currency markets, traded at $1.27 on Friday, December 22, with sterling having gained close to 5% against the greenback year-to-date.

Euro Pound

Pound sterling, euro gain on USD after economic data

Pound sterling gained ground against the dollar on Thursday, driven by increased demand for loans among British borrowers and the resilience of business services in the UK.

One Pound

British pound extends rise on sticky December UK inflation

The British pound saw a slight uptick on Thursday, building on gains from the previous day, as the annual consumer price inflation rate unexpectedly rose last month.
One Pound sterling coin

Sterling surges as traders pare rate cut bets after UK PMIs

Pound sterling saw a sharp rally on Wednesday, and gilts — UK government bonds— reversed gains following robust UK private sector activity data that prompted traders to adjust their expectations of potential monetary easing by the Bank of England in the coming year.

Few Hundred Pound

Sterling slides vs. USD ahead of Fed, BoE meetings

The British pound was declining against a strengthening dollar on Wednesday, with investors anticipating policy decisions from both the Bank of England and the Federal Reserve in the coming days.

Details of American money close-up

EUR/USD at 7-week lows as March rate cut bets unwind

The U.S. dollar maintained its position near a seven-week peak against the euro on Thursday, which it reached after remarks from Federal Reserve Chair Jerome Powell, who dismissed the prospect of a U.S. interest rate cut in March.

Sterling cuts earlier losses as Bank of England votes to keep rates steady

Sterling cuts earlier losses as BoE holds rates steady

Yields on British government bonds increased, the pound recovered some of its initial losses, and UK stocks trimmed their earlier advances on Thursday following the Bank of England's decision to keep interest rates on hold.

UK inflation holds at 4%, sterling slides vs. USD and EUR

UK inflation holds at 4% in relief for Bank of England

In a surprising turn, the UK inflation rate held steady at 4.0% in January, contrary to the anticipated increase, as revealed by official data published by the Office of National Statistics (ONS).
Sterling slips as UK recession confirmed in blow to PM Rishi Sunak

Sterling slips as data confirms UK recession

On Thursday, the British pound saw a minor decline following the release of data indicating that the UK economy had slipped into a recession at the close of 2023, causing investors to heighten their expectations for potential interest rate reductions by the Bank of England within the year.

Sterling set for longest streak of gains vs. USD this year

Sterling heads for longest streak of daily gains in 2024

On Monday, the British pound rose slightly against the U.S. dollar, continuing its upward trajectory for the fifth consecutive day, marking its longest winning streak of the year.
Sterling stable as UK general election announced for July

Sterling steady after election announcement, inflation data

Pound sterling held steady near multi-month highs against the U.S. dollar on Thursday, following British Prime Minister Rishi Sunak's call for a snap UK general election on July 4 and data showing that April inflation slowed less than expected.

Markets await France, UK elections

Politics drive markets ahead of France, UK elections

Politics is still driving markets, with eyes on the French and upcoming UK elections, with investors perhaps a touch complacent about a Labour win.
Sterling steady as investors take in UK, French election results

Sterling steady near one-month high in wake of UK election

Sterling remained steady near one-month highs against the U.S. dollar on Tuesday, as investors continued to take in the UK and French election results.
Bank of England policymakers suggest BoE may not cut rates in August

Bitter pill for Bank of England August rate cut bets

Bank of England policymakers suggested the BoE may not cut interest in August while the UK GDP growth figure for may came in higher than expected at 0.4%.
Investors move on small cap stocks as June US inflation unexpectedly soft

Investors rotate into small caps on soft June US inflation

Small Caps Rise on Soft June US Inflation Data | Markets.com
Cable hits one-year high at $1.30 after UK inflation data release

Cable hits $1.30 on UK inflation, Trump to devalue dollar?

The sterling-to-dollar rate hit a one-year high of $1.30 after UK inflation data came in warmer than expected — but still in line with the BoE's target.

Morning Note: U.S. Jobs Surge Spurs Dollar Rally, Shakes Global Markets

Last Friday, data from the U.S. Labor Department showed that the U.S. economy added 256,000 jobs in December, significantly exceeding economists' expectations of a 160,000 gain.

GBP Rate Update: Exploring the GBP to USD Forecast for 2025

Discover the latest GBP rate trends and an in-depth GBP to USD forecast. Learn about key factors influencing currency movements and future projections.
US unemployment 

Morning Note: U.S. Unemployment and Retail Sales Data Drive Market Focus

Core U.S. inflation was 0.2% in December, matching forecasts but lower than November's 0.3%. The annualised core inflation rate currently stands at 3.2% but was slightly lower than what economists had predicted in December at 3.3%.
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