Pound Forecasts

The Pound to Australian Dollar exchange rate can recover to 1.91 this week.

Pound Sterling has now reached elevated levels against the U.S. Dollar and will need Thursday's U.S. inflation release to be soft if it is to break fresh ground.

MUFG Bank says the UK's political outlook contrasts favourably with developments in Europe and a strengthening economy will limit the amount of interest rate cuts the Bank of England can deliver in 2024.

The corrective selloff in the Pound to Canadian Dollar exchange rate might be coming to an end, but Canadian and U.S. job figures out at the end of the week will have the final say.

Since the start of the year, the year-end median forecast for the Pound to Australian dollar exchange rate has risen by 500 pips.

Pound Sterling starts the new week with a solid advance against the Dollar, although a busy U.S. data calendar and the UK's elections could offer up some volatility.

Pound Sterling Live and Corpay have launched the midyear forecast collation for the Pound to Dollar exchange rate.

The New Zealand Dollar has been strengthening against the British Pound since the start of May and there is nothing to suggest its run of appreciation is about to end.

Further GBP/AUD losses are likely as markets consider the potential for another Australian interest rate hike. But we could see a limited bout of strength in the early parts of this week.

The Pound has registered two consecutive weekly declines against the Canadian Dollar and could see further weakness in the coming days and weeks.

What is the Pound to Dollar exchange rate forecast for the coming week? We think the Pound will remain vulnerable to further weakness but Friday could see a rebound if a key inflation reading comes in soft.

What is the forecast for the Pound to Euro exchange rate in the coming week? We think the Pound can pull back from recent highs as it consolidates the strong gains of the May to June period. We think losses will be shallow.

Pound Sterling will weaken against the Dollar to levels last seen in May, according to a new analysis.

Pound Sterling would give up all the gains it made against the Euro if the right-wing party of Marine Le Pen fails to secure a majority in the upcoming French legislative elections.

The scale of the Pound's fall against the Canadian Dollar last Friday was significant and we wonder if it has dented what was one of global FX's best-defined uptrends.

The Pound to New Zealand Dollar exchange rate remains under pressure and is forecast to test early June lows again.

The Pound to Australian Dollar exchange rate is forecast to come under further pressure in the week ahead, provided UK inflation data undershoots expectations and the RBA delivers 'hawkish' guidance.

The Pound to Dollar exchange rate faces three key tests in the coming week: French political risk, UK inflation (Wednesday) and the Bank of England decision (Thursday).

The Pound to Euro exchange rate opens the new week relatively unchanged on Friday's close at 1.1846 with no unexpected developments from France to boost volatility.

The Pound to Euro exchange rate has fallen from its highs, but analysts at one European investment bank have upgraded forecasts and see 1.20 now being possible in the coming weeks.