Pound Forecasts

GBPUSD has had a solid run of late, rising 3.87% in November, but the first full week of the new month could be characterised by consolidation as investors await Friday's all-important U.S. jobs report.

Pound Sterling enters the new week with the benefit of two solid consecutive weekly advances against the Euro, which confers a degree of momentum in a calendar-light week.

Pound Sterling could be set for further gains against the Dollar into year-end with one market professional saying the stage looks set for a 'Santa Rally'.

Strategists at international payments firm Convera say the month of December could bring with it a break above the key 1.28 level for the Pound to Dollar exchange rate (GBPUSD).

The British Pound can extend its recent recovery against the Euro, according to a senior strategist at one of Europe's largest banks.

The Pound to Dollar exchange rate is tipped by analysts to extend its uptrend over the coming days, although a busy economic release calendar in the U.S. could trigger volatility.

The Pound to Euro exchange rate last week recorded its largest weekly gain since August and could be entering a new uptrend in a week that will be dominated by the release of Eurozone inflation data.

GBPUSD remains in a constructive technical setup that can see gains extend over the coming days which feature the Autumn Statement on Wednesday and the PMI survey for November on Thursday.

GBPEUR technical setup has broken down, key support level gives way, exposing sub-1.14.

GBPCAD is in a near-term uptrend that can continue to extend, provided this week's inflation data out of the UK and U.S. don't throw up significant surprises.

GBPNZD could test 2.10 this week if UK domestic data doesn't disappoint and global risk sentiment sours, but technical studies point to a greater likelihood the pair edges lower over the coming days.

GBPAUD can extend a recent rally over the coming days as it builds on recent upward momentum stemming from an apparent crisis of confidence in the Aussie.

Following a run of five consecutive daily losses, it is hard to describe Pound Sterling's outlook against the Dollar as anything but soft.

GBP/EUR remains locked in a multi-week downtrend that must be respected; however, signs of emergent oversold conditions could combine with any positive UK data surprises to help a recovery over the coming days.

The Pound to Canadian Dollar exchange rate (GBPCAD) has been trending higher since late September and technical studies suggest progress can continue until the 1.70/1.71 area.

The British Pound could be on course to record a fourth successive daily loss and the technical setup advocates for further declines, according to a new analysis.

The British Pound has risen against the Euro over recent days, but the advice from one leading Swiss bank is to temper any growing enthusiasm for an outright rally.

GBPCAD can extend higher over the coming days, aided by increasing expectations for Bank of Canada interest rate cuts and a falling U.S. Dollar.

The Pound to New Zealand Dollar exchange rate has come back under pressure and is at risk of further weakness, particularly if Chinese data beats expectations this week and helps extend a recent equity market rebound.

GBPAUD retains a soft undertone, ensuring the Tuesday decision at the Reserve Bank of Australia, and a potentially soft UK GDP release, risk triggering a break of a critical support zone.