Exchange Rate Forecasts 2024-2025

The Pound to Dollar exchange rate's late-week slump is an ominous sign and points to the potential for losses in the coming days.

The Pound to Euro exchange rate could drop towards the April lows if this week's Bank of England guidance and forecasts point to a June interest rate rise.

The Federal Reserve launched the Euro-Dollar higher, only to splatter it into a strong technical glass ceiling.

The Australian Dollar can look forward to the support of a central bank that is not done hiking, according to new research.

The Pound to Canadian Dollar exchange rate's technical setup looks supportive of further near-term gains, but much will depend on this week's Macklem speeches and the U.S. payroll report.

The Pound to Australian Dollar exchange rate is breaking down and technical studies show a higher likelihood of further losses in the coming days.

GBP/NZD remains in a multi-week uptrend but could decline in value over the coming five days. Tuesday's local jobs report and Friday's U.S. labour report will be the week's two relevant highlights.

The Euro to Dollar exchange rate looks at risk of further weakness in the coming five days, particularly if Eurozone inflation data undershoots.

In the coming days we look for the GBP/EUR recovery to consolidate above 1.1650 with a potential test of figures above 1.17 in the event of soft Eurozone inflation numbers.

The Pound to Dollar exchange rate recovered last week but was unable to hold 1.25, and a hawkish Federal Reserve update and a strong payroll print could result in more of those gains being returned.

The Bank of England is turning dovish as there is further disinflation in the pipeline in the UK, which should keep the Pound under pressure.

The Pound's outlook against the Canadian Dollar has undergone a significant shift in fortunes, potentially tilting from an upside bias to a downside bias in the space of just two days.

The Pound is near its April lows against the New Zealand Dollar following Friday's selloff, but we look for support to kick in again.

The Pound to Australian Dollar exchange rate is teetering above the key 200-day moving average (DMA) as we write on Monday; it must stay above here if a positive technical setup is to remain entrenched.

The Pound to Euro exchange rate is forecast to recover last Friday's losses over the course of the coming week, but much will depend on the release of UK and Eurozone PMI figures for April.

The Euro to Dollar exchange rate is forecast to trade at higher levels this week, although the bigger picture remains one of weakness into the 1.05 level.

The Pound to Dollar exchange rate is forecast to recover recent losses in the coming week, with focus falling on UK PMI data and U.S. PCE inflation numbers.

The European Central Bank could be forced to raise interest rates again in 2024 should Middle East tensions escalate and energy prices spike, but analysts warn hikes would result in a weaker Euro.

Institutional analysts are revising lower their forecasts for the Euro against the Dollar following a recent reappraisal of where interest rates in the U.S. and Eurozone are headed in the coming months.

The Euro to Dollar exchange rate is on course to break below 1.05, according to a new analysis from Société Générale.