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GBP to USD Forecasts

‘Cable’ slipped from a 10-month high last week as softer-than-anticipated UK inflation data weighed on the Pound. The Pound to US Dollar exchange rate declined by around a cent at the start of last week’s session following a surprise downtick in the UK consumer price index. Underwhelming expectations of a hold at 2.9%, the inflation [...]

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The Pound to US Dollar exchange rate surged through longstanding psychological resistance to strike a 10-month high last week. Bets of a rate hike from the Bank of England in August were dealt a blow last Tuesday when policymaker Ben Broadbent chose to talk about Brexit trade dynamics rather than monetary policy. This was seen [...]

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The Pound to US Dollar exchange rate has fallen by around 150 pips over the last week, striking a fortnightly low due to soft UK private sector data, softened Bank of England rate hike bets and a sturdy US labour market report. A stuttering UK manufacturing PMI score of 54.3, down from 56.3 previously, set [...]

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Sterling rallied by over 2 cents versus the US Dollar last week to strike a five-week high as hawkish Bank of England rhetoric boosted the Pound. The US Dollar has struggled of late due to concerns that US President Donald Trump’s pro-growth economic policies may never see the light of day. Markets and the Dollar [...]

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There have been increasing signs of a split within the Bank of England (BoE) after chief economist Andy Haldane made unexpectedly hawkish noises. This encouraged speculation that August’s policy meeting could see an increased shift towards a tightening bias, setting the Pound on a bullish run. However, as both Governor Mark Carney and Deputy Governor [...]

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Sterling fluctuated against the US Dollar last week as Bank of England (BoE) policymakers gave out mixed signals on monetary policy. The ‘Greenback’ received a bit of a boost at the start of last week’s session thanks to hawkish remarks from New York Federal Reserve President William Dudley suggesting that US inflation and wages were [...]

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The Pound to US Dollar exchange rate inched higher last week thanks to a surprise three votes from Bank of England policymakers for higher interest rates in June. Having depreciated by around two cents following the general election, which left Britain with a hung parliament, GBP/USD tumbled by a further 100 pips last Monday on [...]

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The Pound to US Dollar exchange rate plunged to a two-month low last week, depreciating around three cents on news that Britain was left with a hung parliament after the snap election called by Theresa May. Sterling initially strengthened by around one cent versus the US Dollar last week as traders fretted over the potential [...]

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Soft US labour market figures and a lack of conviction in President Trump’s policy proposals helped Sterling rally by around 70 pips versus the US Dollar last week. Data over the past seven days has shown sturdy performance in the UK manufacturing and construction sectors, but signs of weakness in the dominant service sector. Overall, [...]

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Sterling fell from an eight-month high against the US Dollar last week as traders hedged against political uncertainty ahead of June’s UK general election. The Pound drifted lower versus the US Dollar last week as traders reacted to news that British government borrowing came in at £10.4 billion in April, significantly higher than market bets [...]

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