Exchange Rate Forecasts

The Pound can still advance in value against the Dollar says a leading strategist we follow, supported in part by the stimulatory fiscal impulse provided by this week's budget announcement, although for now gains will likely be capped ahead of next week's central bank updates.

Technical analysis suggests bullish breakout favoured and thee pair could potentially reach 1.20.

GBP/CAD supported on dips beneath 1.69s as CAD bulls & BoC rate bets face reckoning.

GBP/AUD in short-term downtrend with no signs yet of reversal but a major support level could underpin current prices.

The Pound-to-New Zealand Dollar rate is trading at around 1.9219 at the time of writing after falling 1.00% in the week before. Studies of the charts suggest the pair will continue falling in line with the dominant downtrend.

EUR/USD buoyant but facing downside risks as rebound could fade in wake of ECB decision.

GBP/USD steadier & supported at 1.3724 & then 1.3713, but could struggle on any recovery above 1.3800.

The Pound-to-Euro exchange rate could cement its grip on the 1.18 handle this week.

Investor confidence in the Rand has been permanently shaken by the July riots, while expectations for interest rate rises at the U.S. Federal Reserve will act as a global headwind to the currency.

GBP/NZD reached four-month lows early this week and could remain under pressure in the short-term.

Soft Chinese data hampers AUD and allows GBP/AUD to rebound, but charts suggest bounces will be shallow.

GBP/USD buoyed after BoE confronts inflation risks, but momentum could fade on advance above 1.38.

The Pound to Euro exchange rate (GBP/EUR) has broken through a major resistance level suggesting the technical outlook has improved markedly.

"We remain bullish on GBP as the USD-positive environment is usually also benefitting GBP" - Danske Bank.

The Pound might be in a lose-lose situation with investors who see prospective Bank of England rate hikes as supportive and a headwind, but Credit Suisse stick with a bullish forecast.

Nordic lender and investment bank Danske have lowered their Euro to Dollar exchange rate forecast.

Analysts at Goldman Sachs are looking for the Dollar's rally to stall, an outcome that would open the door to a more sustained recovery in the Pound-to-Dollar exchange rate.

EUR/USD steadier but vulnerable to bearish market and faces a battle ahead to hold above 200-wk moving-average. 

GBP/USD support at 1.3550 with upside risk short-term as resistance litters road above between 1.3698, 1.3758.

GBP/NZD elevated into a likely 1.9560-1.9820 range after NZ virus worries rain on RBNZ’s lift-off parade.