Exchange Rate Forecasts 2025-2026

GBP/AUD recovery is building momentum, and further advances are possible this week.

The Pound to Canadian Dollar exchange rate (GBP/CAD) is recovering and will be looking to retake some key technical levels in the coming days.

The Euro would be looking to extend a recent recovery against the Dollar were it not for USD-supportive tariff threats from President-elect Donald Trump over the weekend. In addition, a crunch moment for France's government makes it difficult for the EUR to justify higher levels.

GBP/USD could come under renewed pressure as a recent relief-style rally fades on fresh Trump talk and U.S. data is set to come back into focus.

The Pound to Euro exchange rate (GBP/EUR) is trending higher at the start of the new week and could be on course to retest the 2024 highs in the coming days.

The New Zealand Dollar can appreciate over the coming months, says one of New Zealand's biggest lenders.

Goldman Sachs has looked at the potential impact of Donald Trump's tariffs on the Canadian Dollar and has quantified the potential scale of the loss that lies ahead.

Goldman Sachs says we "are still Living in a Dollar World" and 2025 will be about ongoing Greenback strength.

The Euro to Dollar exchange rate (EUR/USD) can fall below parity in 2025, but December can see it recover.

Dollar exchange rates could fall in December, allowing those with USD payments an opportunity for better values.

According to one of the UK's biggest banks, the British Pound will continue to benefit from superior interest rates in the coming months.

GBP/CAD has come under significant selling pressure over the course of November but could see some near-term relief.

The Pound to New Zealand Dollar exchange rate could rally if the Reserve Bank of New Zealand (RBNZ) cuts interest rates by 75 basis points this week.

The Pound to Australian Dollar exchange rate (GBP/AUD) risks breaking into a downtrend.

The Euro to Dollar exchange rate is under significant pressure, but could be due to some near-term relief.

The Pound has come under relentless pressure against the Dollar, but could be due some relief near-term.

GBP/EUR will respect the September-November range during the course of the next five days, with the 21-day moving average having a gravitational effect.

The Euro to Dollar exchange rate (EUR/USD) is hurtling towards parity as the FX market isn't close to fully appreciating the 'Trump Trade'.

One of Germany's largest banks thinks the British Pound is set for another strong year against the Euro. However, a key risk is an economic slowdown following Rachel Reeves' budget.

City Index analyst Fawad Razaqzada says a drop to $1.25 looks increasingly likely for the Pound to Dollar exchange rate (GBP/USD).