Pound to Dollar Forecast

The U.S. Dollar can maintain its recent trend of appreciation helped by favourable seasonal trends and will be untroubled by a recent rating agency downgrade of U.S. debt, shows new research from JP Morgan.

The Pound to Dollar exchange rate entered the new week finely balanced around the middle of its medium-term equilibrium range spanning the gap between 1.20 and 1.33 but  with short-term prospects hinged on market appetite for ‘carry’ trades and UK economic growth numbers out on Friday. 

"August dull? Rangebound trading? Not a chance," says Kenneth Broux, a strategist at Société Générale, referencing the shakeup in U.S. bond markets that has in turn fed into a stronger dollar.

The Pound to Dollar exchange rate enters a formative period for the outlook and a big week for economies on both sides of the Atlantic with the potential to see highs near 1.30 and lows around 1.27 but with much of the action likely in the latter half when the Bank of England (BoE) and July non-farm payrolls report take center stage.

The Pound to Dollar exchange rate entered a new and potentially volatile week with a risk or chance of external factors leading to a retest of 1.30 or more in the event of any monetary policy surprises from the Federal Reserve (Fed) or Bank of Japan (BoJ) in the days ahead. 

The Pound to Dollar exchange rate rose ahead of a key support level that must hold or risk a slide to 1.27, according to a new analysis.

GBPUSD can remain supported over the coming days with any weakness expected to invite fresh buying interest, according to a new technical analysis.

The Pound to Dollar exchange rate has rallied to its highest since April 2022 but it now faces headwinds in the form of formidable technical resistances around 1.3108 and 1.3240 and might be lucky if it holds 1.30 this week in the event of any rebound from the greenback over the coming days.

A surge in momentum behind GBPUSD should take it higher and it is too early to expect a material pullback on a technical basis, according to a new analysis.

Strategists at HSBC went against the consensus in late 2023 and forecast a rise in the value of the currency. So, where does the team that got it right see the Pound moving over the coming weeks and months?

The British Pound reached a fresh 2021 high and another key figure at 1.31 on Thursday as the strong rally ignited by the release of softer-than-expected inflation data the previous day extended.

The march higher in the Pound to Dollar exchange rate reaches a key milestone as the 1.30 level comes into view, but overbought conditions are flashing.

The Pound to Dollar exchange rate has rallied back to retest 15-month highs in recent trade but the risk is of economic data conspiring with nearby technical resistance on the charts to stall or otherwise sap momentum from its recovery in the days ahead. 

GBPUSD remains subject to a bullish technical outlook according to a new analysis from City Index, the retail trading institution, in a call that offers some context to the recent pullback and consolidation.

The Pound to Dollar exchange rate relinquished some of its June gains around the turn of the month but with technical support emerging around 1.26, it could be likely to consolidate between there and a nearby pocket of resistance around 1.2850 this week.

Commerzbank, a leading financial institution, has warned that Pound Sterling is poised for a prolonged and significant decline against both the Euro and the Dollar.

JP Morgan is Bullish USD heading into the second half of the year and identifies Pound Sterling as a candidate to absorb much of this strength.

GBP/USD stalled by resistance near 1.2850 on chart, risks corrective losses back toward 1.2621 or below.

The British Pound should remain supported says Goldman Sachs in an analysis of the currency's outlook that follows last week's Bank of England's decision to raise interest rates by 50 basis points.

GBP/USD testing cluster of resistances at 1.2867 & 1.2877 on chart, Bank of England is key risk this week.