What are the latest pound sterling forecasts?
Pound still forecast to be on negative trajectory
Here at PSF, we have access to the latest market research and FX forecast data. That is why, when clients come to us for support and assistance with their currency transactions, they know they can rely on authoritative and trusted data.
To be clear, predicting and forecasting is not wan exact science. Contrary to popular belief, no one on this planet can totally and accurately predict future FX rate movements.
Why is this? Because the FX rates move owing to the unfolding of future events. And whilst there are technical analysis of behaviours that will often and typically ring true, it is the fundamental drivers which shape the bigger movements.
As an example, think Brexit. The market and indicators all suggested a Remain vote and sterling strength. The probabilities were put at 80-90% Remain win on the close that evening, Nigel Farage pretty much conceded. And then, it became clear Leave had won, and the pound tanked.
Whilst many did correctly predict a Leave vote win, and the pound to weaken. No one could have 100% guaranteed it beforehand, because it was not known.
Sterling predictions for the coming months
Out of the 50 or so forecasters we have surveyed, a majority predict sterling to be lower against the Euro and the US Dollar forecast is more mixed.
For GBPUSD, we see a three-month range over 1.30, but a low below 1.20. The average takes us a cent lower, but this could be very susceptible to change.
For GBPEUR, the profile of the mean remains on slight downward trend, with a range from 1.11 – 1.20 over the coming three months.
This is just the summary, and we would be most interested to share more of the raw data behind this and help with your strategy and planning. Whilst you can google search and read the business sections in newspapers, you may not find the comprehensive and detailed analysis we can provide and have access to.
Thank you for reading, for a free, no obligation FX consultation for your personal or business transfers, please reach out to us directly.
Jonathan Watson
Source: https://www.poundsterlingforecast.com/2024/02/43066/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,654,929,931 |
| Stories: | 8,288,472 |
Whistler Blowers, Insiders
