Pound Forecasts

The Pound to Dollar exchange rate could test the 2024 high at 1.3250 if the Federal Reserve cuts interest rates by 50 basis points this week.

We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact. Wednesday's Federal Reserve rate cut could prove supportive from a global perspective.

The Pound has once again failed at a key resistance area against the Canadian Dollar, and we predict a pullback in the coming week.

The technical and fundamental outlook advocates for further gains by Pound Sterling against the New Zealand Dollar in the coming week, according to our Week Ahead Forecast.

The Pound to Australian Dollar exchange rate (GBP/AUD) is forecast to break above a key resistance line in the coming week amidst falling commodity prices and soft investor sentiment.

We forecast further losses for the Pound against the Dollar in the coming week, but we think downside will be limited to 1.3036.

Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week sees the domestic calendar come alive again.

The British Pound has more fuel in its tank to drive outperformance against the Euro and Dollar over the medium term.

After a poor August, the Dollar has roared back into life and is pushing the Pound lower again. One currency payment specialist thinks GBP/USD could go below 1.30.

The Pound is undergoing a pullback against the Canadian Dollar, which we think can extend in the coming days.

Thursday's speech by Reserve Bank of Australia Governor Bullock is the main event out of Australia this week. However, it will be a U.S. jobs report that will determine where Friday's close is recorded.

Pound Sterling's uptrend against the Dollar could experience a deeper setback this week if U.S. labour market data beat expectations.

Pound Sterling has risen for six months in succession against the Euro, but a recent recovery stalled at 1.19 and we could see a pullback evolve in the coming days.

The Dollar looks set to bounce back following a period of sustained losses, say strategists at HSBC, who think the Pound is particularly vulnerable.

The Pound to New Zealand Dollar exchange rate is battling to maintain a constructive feel, thanks to an improved global investor sentiment.

The Pound and Australia are two of the FX market's outperformers, which has left the GBP/AUD exchange rate tracking a sideways trend.

Pound Sterling powered to fresh two-year highs at the end of last week, buoyed by the Federal Reserve's commitment to a September rate cut. But, the rally is looking stretched.

The Pound to Euro exchange rate (GBP/EUR) is technically and fundamentally poised for further gains in the near term, and a move to 1.1850 is on the cards for this week.

The Pound's recovery against the Swiss Franc can extend, according to a new strategy update from Danske Bank.

Will the Pound continue to rise against the euro and where will it end the year? According to a new analysis, Pound Sterling will continue to rise against the Euro "for the time being".