James Skinner

London

Reporter and Editor at Pound Sterling Live

News & occasional views @ThePoundLive. Contact: [email protected]

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Articles

Sell the Swiss Franc, Buy the British Pound, Goldman Sachs Says

Aug 20, 2024 | poundsterlinglive.com | James Skinner

Image © SNBThe Pound to Swiss Franc exchange rate could be set to recover more of its recent losses in the days and weeks ahead, according to Goldman Sachs strategists, who’ve tipped GBP/CHF as a buy. GBP/CHF has recovered around half of its late July and early August losses in recent trade and Goldman Sachs strategists say the pair could have scope to rise further, to 1.16, in the days or weeks ahead.
Pound to South African Rand Forecast: Risking Losses to 22.84

Aug 19, 2024 | poundsterlinglive.com | James Skinner

© Lefteris Papaulakis, Adobe ImagesThe Pound to South African Rand exchange rate has unraveled much of July’s rally already but it would risk falling further in the days ahead, and as far as roughly the 22.84 level, if the US Dollar remains soft. Sterling broke below notable support coming from the 61.8% Fibonacci retracement of its July rally against the South African Rand at 23.08 on Monday, exposing the 78.6% retracement further down around 22.86.
Pound to New Zealand Dollar Forecast: Sagging into Jackson Hole

Aug 19, 2024 | poundsterlinglive.com | James Skinner

Pine timber being exported from Wellington, New Zealand. Photo by James Anderson, World Resources Institute. The Pound to New Zealand Dollar exchange rate has resumed its recent correction lower in tandem with many US Dollar pairs and it could be likely to remain heavy, with a downside bias over the coming days.
Pound to Australian Dollar Forecast: Trading Heavy in Narrow Range

Aug 18, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe ImagesThe Pound to Australian Dollar exchange rate has consolidated its rally into early August and could now be likely to trade within a narrow range just above the 1.93 handle over the coming days. Sterling steadied above support coming from a major Fibonacci retracement around 1.9315 against the Australian Dollar on the charts last week, helped by some upbeat UK economic data.
Pound to Canadian Dollar Week Ahead Forecast: Eyes Test of 1.7750

Aug 18, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe StockThe Pound to Canadian Dollar exchange rate has recovered further from its early August lows in recent trade and could have scope to test the 1.7750 level in the week ahead, according to the author’s model. Sterling overcame two notable technical resistance levels against the Canadian Dollar on the charts last week including 50% Fibonacci retracement of its late July fall at 1.7632 and the 61.8% retracement at 1.7684.
Pound to Dollar Week Ahead Forecast: Recovery Trend Back in Play

Aug 18, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe ImagesThe Pound to Dollar exchange rate has rallied back strongly from its early August losses but the charts and bilateral economic fundamentals are aligned in suggesting that further gains could still be likely up ahead.
Pound to Euro Week Ahead Forecast: Eroding Resistance on Charts

Aug 18, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe ImagesThe Pound to Euro exchange rate has recovered further from early August lows and could now be likely to spend the week ahead eroding technical resistance from the nearby 100-day moving average at 1.1747. Sterling recovered further from the depths of its early August lows around 1.16 against the Euro last week, regaining its 200-day moving average at 1.1692 before moving on to test the 100-day average at 1.1747.
Pound to Dollar Advance Puts Recovery Back in Play on Charts

Aug 16, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe ImagesThe Pound to Dollar exchange rate rallied to new highs for the week on Friday, overcoming some key levels along the way and bringing a longer-term recovery trend back into focus on the charts. Widespread losses for the US dollar helped Sterling to overlook a mixed UK retail sales figures for July out earlier in the European morning, with the rally leading GBP/USD to recover key levels on the charts.
Pound Sterling to Rise Vs Dollar, Euro, Yen, Swiss Franc, BofA Says

Aug 15, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe Images The Pound rose against all major currencies this week as it drew a line under prior losses but BofA Global Research says it can still rise further against the Dollar, Euro, Japanese Yen and Swiss Franc up ahead. Sterling’s recovery from early August lows was encouraged this week by data suggesting the economy continued to grow strongly last quarter, and that the labour market remains in good health.
Outperforming Australian Dollar Weighs on GBP/AUD After Strong Jobs Data

Aug 14, 2024 | poundsterlinglive.com | James Skinner

Image © Adobe ImagesThe Australian Dollar rose against all major currencies on Wednesday, weighing on GBP/AUD along the way, after local labour market figures surprised on the strong side of expectations for July. Australia’s dollar was lifted after the statistical office said employment rose by 58.2k in July, which was far ahead of the consensus for a 20k increase and marks a second consecutive large increase.