Exchange Rate Forecasts 2024-2025

The Pound has lost steam against the Canadian Dollar and could be due a retreat to 1.7946. Bigger picture, however, is still constructive.

The Pound can retreat from its recent highs against the New Zealand Dollar in the coming two weeks.

The British Pound can ease back from recent highs against the Australian Dollar, although the bigger picture remains constructive.

The Euro will likely remain under pressure against the U.S. Dollar through the Christmas period.

Pound Sterling is finding its feet against the U.S. Dollar following last week's dip.

Pound Sterling is under near-term pressure against the Euro.

The Canadian dollar, long considered a stable commodity-linked currency, is facing historic lows as multiple factors converge to form what analysts are calling a "perfect storm."

Nordea Bank anticipates that the Dollar will maintain its strength against the Euro throughout 2025 due to the economic divergence between the US and the Euro area; however, it says not to bet on parity just yet.

GBP/CAD exchange rate could this week make another crack at the ceiling that has prevented it from striking fresh multi-year highs. However, it could be too soon to set fresh highs.

GBP/NZD exchange rate is bullishly aligned and can print fresh 12-year highs if this UK's busy event calendar lands as expected.

GBP/USD exchange rate looks set to carve out a shallow rebound in the coming days, but this mustn't be mistaken for strength.

Headlines on Yuan weakness have pushed the NZ Dollar sharply lower.

Analysis from Bank of America shows Pound Sterling is on a multi-year journey to levels last seen on the day of the EU referendum.

GBP/CAD stormed higher last week and flipped the technical setup positive. However, the coming days require a pullback, with the Bank of Canada decision in focus.

GBP/NZD is set to retreat in the coming days as the uptrend takes a breather.

There has been a definite pick- up in upside momentum in GBP/AUD of late. However, a pullback is likely during the next couple of days, with the focus turning to the RBA decision.

The Euro to Dollar exchange rate (EUR/USD) has formed a base following the sharp selloff of October and November. But it is too soon to suggest an outright recovery is underway.

A short-term rebound in the Pound to Dollar exchange rate looks set to extend this week. The U.S. inflation data release is the key focus.

The Pound to Euro exchange rate holds a constructive setup ahead of this week's European Central Bank (ECB) decision and UK economic growth report.

Despite being undervalued, the Australian Dollar should fall "materially further" in 2025. But near-term, the exchange rate could find some support.