Exchange Rate Forecasts 2024-2025

The Euro endured its worst January performance since 2015 after declining by 2.2% against the U.S. dollar, yet further losses are likely, according to leading investment banks.

The Pound to Canadian Dollar risks further decline over the coming five days as a broader U.S. Dollar rally aids Canadian Dollar outperformance.

The Pound to New Zealand Dollar exchange rate can edge higher over the coming days owing to a broadly constructive technical setup and a difficult global backdrop.

The Pound to Australian Dollar exchange rate remains in a positive setup that advocates for further upside, but the Reserve Bank of Australia (RBA) could prove a setback this week.

Euro-Dollar is trending lower and the balance of probabilities favours another weekly loss for the exchange rate as markets factor in a delayed start to the Federal Reserve's interest rate cutting cycle.

The Pound to Dollar exchange rate risks further declines over the coming week unless Monday's release of ISM employment figures dents the Dollar's advance.

The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.

The Pound to Canadian Dollar exchange rate's 2024 rally appears to have hit the high water market for now, and a deeper pullback is possible if Thursday's Bank of England update lands dovish.

The Pound to New Zealand Dollar exchange rate remains in an uptrend, but a failure at a major resistance line raises questions raises the prospect of a pullback developing over the coming days.

GBP/AUD is in an uptrend but is struggling at a solid resistance line, Aussie inflation release is the week's highlight.

EUR/USD under pressure near-term, but solid support could frustrate further weakness.

GBP/USD volatility is unusually low, rendering the exchange rate primed for a break-out.

In the coming week, the Pound to Euro exchange rate could break to new multi-year highs or flop back below the 1.17 level again.

The New Zealand Dollar will be one of 2024's star performers, according to strategists at a leading Scandinavian bank.

The Pound to Canadian Dollar exchange rate retains a constructive setup that could see further upside over the coming days, although the Bank of Canada's midweek policy decision risks dealing the pair a setback.

GBP/NZD technical setup constructive, further upside possible.

The Australian Dollar continues to struggle, with the new week seeing some selling pressure linked to a poor showing in Chinese equity markets.

The Euro to Dollar exchange rate looks vulnerable to further declines over the coming days, with attention falling on the European Central Bank interest rate decision and the release of a key inflation gauge in the U.S.

The British Pound could come under further pressure against the U.S. Dollar over the coming days amidst an ongoing reassessment of Federal Reserve policy and concerns centred around the strength of the UK economy.

GBP/EUR can decline back to key support, but weakness to remain limited.