Pound Forecasts

GBP/USD's holiday rally puts 1.36 in crosshairs with support at 1.3450, 1.3402, 1.3357 & 1.3311.

GBP/USD testing above 1.34 & eyeing 1.35 after USD stalls & GBP rallies off 2021 lows.

GBP/EUR looks to hold 1.18, struggles at 1.1869 after six-day rally stalled at resistance on charts.

The outlook for the British Pound is not as poor as current investor sentiment would suggest, says a leading Wall Street investment bank.

GBP/USD’s BoE driven rally stalled by resistance on charts at 1.3321, could prompt retest of 1.3167.

GBP/AUD could potentially struggle this week to get back above even the nearby 1.86 handle.

GBP/USD facing trifecta of downside risks that could stymie recovery & open up new lows.

The Pound to Euro rebound risks being undermined by new Covid restrictions, the weight of which could potentially act to pull Sterling back near to 1.1550 this week or thereafter.

The Pound to Euro exchange rate is expected to appreciate in coming months according to foreign exchange analysts at Commerzbank, the Frankfurt based lender and global financial services provider.

The Pound to Dollar exchange rate is on course for sub-1.30 readings according to new analysis, although another analyst at a major investment bank says any such move would prove fleeting.

GBP/CAD struggling against resistance at 1.7064 and faces further impediment to recovery at 1.7166.

GBP/USD closes in on major supports at 1.3171 & 1.3153 on Fed pivot toward faster taper, possible earlier rate rises.

The Pound to Euro exchange rate has unwound much of its Q4 rally and risks slipping back toward early November’s lows in the 1.1630 area if the market continues to eschew risk currencies in favour of safe-havens over coming days.

The Australian Dollar is the most oversold it has been since the August 2021 - Westpac.

GBP/USD may rebound if global markets recover but lingering Fed policy risks likely to limit upside.

GBP/EUR supported at 1.1749 with scope for recovery if global markets stabilise & safe-haven demand ebbs.

"We are not expecting the pound to strengthen against either the dollar or the euro. In fact, the risk is that it weakens against both" - Capital Economics.

GBP is predicted to come under pressure against the Euro and Dollar ahead over coming weeks and months, with a more sustained recovery only likely in the second half of 2022.

The Pound to Dollar rate has attempted to stabilise above November’s new 2021 low and could be likely to correct higher over the coming days if uncertainty about a White House decision on the leadership of the Federal Reserve prompts a momentary retrenchment of the greenback.

GBP/EUR supported near 1.1838 & 1.1783, meets resistance at 1.1950, scope for 1.20.