Pound to Dollar Forecast

GBP/USD volatility is unusually low, rendering the exchange rate primed for a break-out.

The British Pound could come under further pressure against the U.S. Dollar over the coming days amidst an ongoing reassessment of Federal Reserve policy and concerns centred around the strength of the UK economy.

Independent research company Capital Economics says, "Sterling has further to fall against the U.S. Dollar."

Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.

GBP/USD capped by sizeable resistance, analysts see risks of a retreat.

The Dollar has not run out of gas just yet and should lead the pack in 2024, according to new research from HSBC.

The Pound to Dollar exchange rate is in a short-term uptrend that can extend over the coming days, provided global market sentiment remains stable, and the U.S. inflation report due Thursday proves a tame affair.

Foreign exchange strategists at investment bank Morgan Stanley say they are "most negative" on Pound Sterling in the G10 space for 2024.

Recent events have overtaken Goldman Sachs's base-case assumptions for 2024, and economists at the Wall Street bank have announced adjustments to their dollar forecasts before the new year begins.

The British pound enters the new week with some positive technical momentum that leaves it looking constructive against both the Euro and Dollar, but the release of inflation figures midweek could challenge recent moves.

GBPUSD has seen a setback recently, but the uptrend is not yet invalidated.

The Bank of England will cut interest rates before the U.S. Federal Reserve and the European Central Bank, leading to a soft trajectory for the British Pound in 2024.

GBPUSD has had a solid run of late, rising 3.87% in November, but the first full week of the new month could be characterised by consolidation as investors await Friday's all-important U.S. jobs report.

Pound Sterling could be set for further gains against the Dollar into year-end with one market professional saying the stage looks set for a 'Santa Rally'.

Strategists at international payments firm Convera say the month of December could bring with it a break above the key 1.28 level for the Pound to Dollar exchange rate (GBPUSD).

The Pound to Dollar exchange rate is tipped by analysts to extend its uptrend over the coming days, although a busy economic release calendar in the U.S. could trigger volatility.

GBPUSD remains in a constructive technical setup that can see gains extend over the coming days which feature the Autumn Statement on Wednesday and the PMI survey for November on Thursday.

Following a run of five consecutive daily losses, it is hard to describe Pound Sterling's outlook against the Dollar as anything but soft.

The British Pound could be on course to record a fourth successive daily loss and the technical setup advocates for further declines, according to a new analysis.

GBPUSD's technical setup has improved notably following Friday's surge but any further upside progress will be tested by this week's UK GDP data release and speeches from the Bank of England's Andrew Bailey and the U.S. Federal Reserve's Jerome Powell.