Scotiabank Pound To Dollar Forecast: GBP Holds Near 1.3300 Despite Strong UK Data

The Pound to Dollar exchange rate held near 1.3325 on Friday, having retreated more than two cents from July’s high around 1.3558. GBP/USD is still around 0.6% higher this month, but Sterling has struggled to respond to a stronger run of UK economic data. Over the past year, the pair has traded between approximately 1.3010 and 1.3858. Scotiabank noted that…

Pound Sterling Outlook Darkens As UK Borrowing Concerns Resurface – UniCredit

The British Pound’s recent rally could face a sharper reversal as investors turn their attention from UK political relief to the country’s borrowing outlook, according to UniCredit. Pound Sterling had strengthened on expectations that the change in government would reduce political uncertainty, but the gains began to unwind as concerns over fiscal policy resurfaced. GBP/USD fell back below 1.34, while…

Pound Sterling: Rabobank Forecasts GBP/USD At 1.32 And EUR/GBP At 0.8650

Rabobank expects renewed pressure on Pound exchange rates as concerns over Prime Minister Andy Burnham’s spending plans unsettle the gilt market. The British Pound concluded this trading week facing a difficult combination of political uncertainty, elevated UK bond yields and doubts over how the new government intends to fund its policy agenda. UK economists at Rabobank say the initial market…

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