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Jul 14, 2023 · At the start of 2022 HSBC told clients they were buyers of the Dollar against the Euro and British Pound, a strategy that would have delivered a 6% gain against the former and a 10.7% gain against ...
May 4, 2023 · British Pound validates breakout of 2023 opening-range highs. GBP/USD rally approaching key confluence zone at long-term, downtrend resistance. Sterling resistance 1.2757/73 (critical), 1.3104– support 1.2397-1.2448, 1.2084, ~1.2010. The British Pound has rallied for eight of the past nine-weeks with GBP/USD breaching the yearly opening-range ...
- Michael Boutros
- Sr. Technical Strategist
GBP/USD witnessed a rollercoaster ride in 2023 but the Pound Sterling managed to preserve the recovery gains seen in the first half of the year to a 15-month high of 1.3142. MOST INFLUENTIAL ...
- Is The Pound Getting Stronger Against The Us Dollar?
- Is It A Good Time to Buy USD with GBP?
- GBP to USD Forecast Poll
- GBP to USD Forecast Weekly
- GBP to USD Forecast
The British Pound has been range-bound against the US Dollar so far in 2024. Put simply, there doesn’t appear to be a clear underlying trend in the short term. We see the medium-term trend in GBP/USD as remaining positive with the US expected to cut interest rates in 2024 many months before the UK does. A wild card in 2024 will be the US election, ...
An easy way to tell whether it’s a good or bad time to buy US Dollars is to look at its recent trading history. Based on the GBP/USD rate over the past 2 years, the current exchange rate is at a neutral level, meaning it is neither near its highs nor lows. Buyers of US Dollars benefit from a higher GBP/USD exchange rate. As always it depends on wha...
There are countless methods and models used to forecast GBP/USD rates. A simple way to see what the overall consensus is among analysts. While it’s hard to predict exchange rates to an exact number, it doesn’t stop people from trying. FX Street provide a comprehensive poll of GBP/USD forecasts. It lists the views of 33 analysts over 1 week, 1 month...
A timeframe of only 1 week warrants a different approach to someone looking at longer time horizons. Over 1 week, there’s only a small amount of economic news that will take place. An economic calendar can help you with this. I would recommend using the DailyFX economic calendar as a source of upcoming news and events. I prefer the DailyFX calendar...
The longer the period, the greater the chance of big moves in exchange rates. When you look at the difference between the highs and lows in the GBP/USD rate over the past year alone, you will appreciate how much currencies fluctuate over time. A 1%-2% swing would be considered a big move over a week, however over a year or more; it’s not unusual to...
Jan 11, 2023 · MUFG forecasts the Pound to Dollar exchange rate to slide back to 1.1410 by the end of the first quarter, recovering to 1.2180 by the end of the second quarter, extending to 1.2410 by the end of ...
Dec 19, 2022 · The high-beta currency, the British Pound, remains exposed to downside risks amid structural weakness before it could embark on a sustained recovery path. The year 2023 promises to be a tougher ...
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What is HSBC's forecast for pound-dollar in 2023?
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Will GBP/USD rebound in 2023?
Dec 21, 2022 · Looking ahead to 2023, money markets remain far too aggressive, pricing in another 120bps of tightening to take the terminal rate above 4.5%. Consequently, risks remain tilted to the downside for the pound with the bar set high for the BoE to surprise on the hawkish side and thus a dovish repricing could see expectations of the terminal rate ...
