Exchange Rate Forecasts

GBP/EUR looking for support above 1.18, after BoE & ECB updates prompt sell-off.

If the New Zealand Dollar was amongst the biggest losers in January it stands it should be amongst the biggest winners in February.

The U.S. Dollar could be set for a softer February according to analysts, a view that could afford a move back to 2022 highs for the Pound to Dollar exchange rate.

EUR/USD lifts off recent floor as ECB meeting poses upside potential and the USD risks reverting lower in Feb, according to some analysts.

Crédit Agricole cautious on GBP, says BoE caution could weigh, but 2nd half of year will be better.

"Our strategists would expect EUR/USD to rise materially above 1.20 by next year" - Deutsche Bank.

GBP/NZD targets 2.03 as NZD/USD slides, seen supported near 2.00 & 1.99 on weakness.

GBP/AUD uptrend intact as AUD slumps on surging volatility. Eyes on a rebound of oversold markets.

GBP/CAD finding support near 1.6930, may recover 1.71 on a BoC anticlimax.

EUR/USD subdued after recovery effort stifled, ECB-Fed divergence cementing yield handicap.

GBP/USD looking to stabilise near 1.3550, well supported between 1.3526 - 1.3538.

GBP/EUR in big breakout aided by BoE policy outlook, as inverted head & shoulders places 1.22 in pipeline.

Danske Bank maintain expectations for Euro-Dollar downside and have lowered their 12-month ahead forecast for the exchange rate.

"GBP is in the process of yet another post-war reset in the aftermath of the Brexit Referendum" - Kamal Sharma, Bank of America.

Technical analysis from Credit Suisse reveals Pound Sterling is on target to test levels closer to 1.21 as a part of a "significant trend" higher.

For the GBP/CAD, a 'double top' on charts warns of further loss.

We are seeing the limits of Pound Sterling's advance against the Euro, according to a strategist at Société Génénerale.

Goldman Sachs have raised their forecasts for the British Pound against the Euro following a strong start to 2022 for the UK currency.

GBP/NZD upside limited in short-term, but supported at 1.9950 on weakness.

GBP/AUD risks slippage near to 1.8815, may struggle above 1.90 in short-term.