Search results
- PoundSterlingLIVE - Very few institutional analysts were able to predict the 2023 rally in the British Pound, with most stubbornly wedded to a seemingly perma-bear stance to the UK currency and its economy. But strategists at HSBC (LON: HSBA) went against the consensus in late 2023 and forecast a rise in the value of the currency.
People also ask
Can HSBC predict a 2023 Rally in the British pound?
Did HSBC predict a 2023 rise?
Will the pound to dollar exchange rate rise in 2023?
Is HSBC forecasting a pound to dollar exchange rate?
Jul 14, 2023 · Very few institutional analysts were able to predict the 2023 rally in the British Pound, with most stubbornly wedded to a seemingly perma-bear stance to the UK currency and its economy....
Jul 14, 2023 · PoundSterlingLIVE - Very few institutional analysts were able to predict the 2023 rally in the British Pound, with most stubbornly wedded to a seemingly perma-bear stance to the UK currency and...
May 12, 2023 · They also predict the Pound to Dollar exchange rate could rise to 1.30 in 2023. "We have been bullish on the EUR and GBP since November 2022 and believe both currencies will see further upside through the summer," says Paul Mackel, Global Head of FX Research at HSBC.
Current Q4 2023(f) Q4 2024(f) USD 4.75-5.00 5.25-5.50 4.50-4.75 EUR 3.50/3.00 4.00/3.50 JPY -0.10 -0.10 -0.10 GBP 4.25 4.25 4.25 Source: HSBC forecasts for Fed funds, Refi rate/Deposit rate, Overnight Call rate and Base rate Real GDP forecasts (%) 2022e 2023(f) 2024(f) US 2.1 1.5 0.5 Japan 1.0 0.9 0.6
May 12, 2023 · Since the start of the year, the pair has been trading between 1.11 and 1.14 for the first three months of 2023. INFOGRAPHICS: PLEASE REDESIGN THE CHART BELOW, without today’s price. GBP/EUR exchange rate, 2018 - 2023.
Dec 29, 2022 · HSBC overall still expects a weaker US dollar; “we believe the USD will correct further in 2023. Its significant overvaluation can no longer be supported once the Fed stops hiking, global growth ...
Nov 23, 2022 · The end-Q1 figure is now 1.15, up from 1.08, end-Q2 is up to 1.18 from 1.08 and year-end 2023 is 1.25, a significant rise from the previously forecast 1.08. HSBC meanwhile introduces a thematic...
