Exchange Rate Forecasts

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/AUD benefiting from USD’s Fed-driven uplift and may attempt recovery of 1.86, if USD rises further.

Currency tacticians at HSBC are looking for the Canadian Dollar to underperform the U.S. Dollar into year end, although it could be in for gains against the Euro says JP Morgan.

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.

Charts of GBP/AUD show bullish technical patterns amidst a bull flag and channel breakout.

The trend is unclear but GBP/NZD looks weak short-term.

The Pound to Canadian Dollar rate has attempted to draw a line under a two-month run of losses and could find itself well supported above 1.6912 this week.

EUR/USD pressuring support at 1.1292, 1.1248 and risks unravelling to 1.10 without a USD retreat.

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.

The year ahead could prove to be something of a game changer for the Kiwi Dollar if the latest forecasts from CBA are borne out.

HSBC says 2022 will see the Pound deliver an uninspired performance against the Euro and head lower against the Dollar.

CAD tipped for a second year of outperformance in 2022.

The latest forecasts from Barclays suggest current lows could have been the single currency’s nadir.

Don't look for a New Zealand Dollar rally in 2022 shows research from global lender and investment bank HSBC.

The Euro to Dollar exchange rate has resumed a "broad based" bear market shows analysis from private Swiss bank and wealth manager Julius Baer.

Studies of GBP/AUD charts indicate an ambiguous outlook with the possibility of a reversal despite the downtrend remaining dominant.

GBP/CAD finding feet but struggling with 1.69 with support building near 1.67 as UK, CA data loom.

The Euro to Dollar rate sustained its largest decline since late September last week, breaking a major technical support level while placing another near 1.1425 under pressure along the way.