Pound Forecasts

The Australian Dollar has come under pressure in the opening weeks of 2024, and further softness can be expected, although the release of a bumper Australian jobs report this week could offer a boost.

GBP/USD capped by sizeable resistance, analysts see risks of a retreat.

Pound Sterling enters a new week as the top-performing major currency for 2024, but this will be challenged if this week's busy economic calendar disappoints.

The Dollar has not run out of gas just yet and should lead the pack in 2024, according to new research from HSBC.

A leading Swiss bank tells clients to expect notable downside in the Pound to Franc exchange rate over the course of 2024.

GBP/CAD could be set to make further gains amidst a more constructive technical setup and falling oil prices.

The Pound to New Zealand Dollar exchange rate is in the process of unwinding the weakness that characterised the final quarter of 2024, but it is too soon to suggest a meaningful rally is underway.

The Pound to Dollar exchange rate is in a short-term uptrend that can extend over the coming days, provided global market sentiment remains stable, and the U.S. inflation report due Thursday proves a tame affair.

The Pound to Euro exchange rate made a solid start to 2024, having posted a 0.75% advance in the first week of the new year.

NatWest expects the British Pound to steadily advance against the Euro and Dollar until about the third quarter of 2024 before paring gains into year-end as the Bank of England takes a knife to interest rates.

Foreign exchange strategists at investment bank Morgan Stanley say they are "most negative" on Pound Sterling in the G10 space for 2024.

Recent events have overtaken Goldman Sachs's base-case assumptions for 2024, and economists at the Wall Street bank have announced adjustments to their dollar forecasts before the new year begins.

The British Pound will fall to levels last seen against the Euro during the crisis sparked by former Prime Minister Liz Truss when she introduced her controversial budget in September 2022.

Downside momentum is building and threatens to take the Pound to New Zealand Dollar exchange rate to its lowest level since May over the coming week.

The Pound to Australian Dollar exchange rate has fallen to its lowest levels since September and appears to have entered a downtrend, which opens the door to a test of the June lows next.

The British pound enters the new week with some positive technical momentum that leaves it looking constructive against both the Euro and Dollar, but the release of inflation figures midweek could challenge recent moves.

The Australian Dollar will outperform the Pound in 2024 as Chinese growth picks up thanks to the government's stimulus efforts and the UK economy struggles, sending the GBP/AUD exchange rate below 1.90.

GBPUSD has seen a setback recently, but the uptrend is not yet invalidated.

GBPEUR faces an action-packed week of data releases and central bank decisions, which will determine whether or not it can have a crack at the 2023 highs or is relegated back to the well-trod range of recent months.

According to an investment bank analyst we follow, Pound Sterling can extend a recent advance against the Euro.