Exchange Rate Forecasts

GBP/EUR supported at 1.17, may see new highs if BoE’s inflation stance continues to inspire GBP.

The Euro-to-Dollar exchange rate is forecast to outperform into 2022 as the Eurozone starts to deliver above trend economic growth and the anti cyclical Dollar retreats once more.

The Dollar is expected to retain its dominance ahead of the U.S. non-farm payroll report scheduled for release on Friday, helped by nervous investor sentiment.

EUR/USD suppressed by gravity near 2021 low, but top forecaster suggests downside is limited

The South African Rand looks to be entering a short-term period of strength and further advances against the Pound, Euro and U.S. Dollar beckons, according to new studies.

The Reserve Bank of New Zealandis tipped to raise interest rates on Wednesday, but the decision comes at an important cross roads for New Zealand's covid strategy.

GBP/CAD steadying but recovery prospects limited by energy price rally.

The Pound-to-Australian Dollar exchange rate starts the new week higher, although the Reserve Bank of Australia's Tuesday policy meeting will likely set the tone for the remainder of the week.

GBP/USD steadier after rally off new 2021 lows, aided by UK growth upgrade & BoE policy shift.

The Pound-to-Euro rate drew bargain hunters when month-end market turbulence pushed it briefly below 1.16 last week, but over the coming days it could set the stage for new 2021 highs to be achieved toward year-end aided by Sterling's undervaluation and the increasingly supportive outlook for Bank of England interest rates.

The surging value of the Dollar is the latest talking point for global investors who fear it could become the latest addition to a growing list of headwinds to global economic growth.

Foreign exchange analysts at Canadian lender CIBC show rising headwinds to the Canadian Dollar over coming months, suggesting the best part of 2021's performance has now past.

GBP/USD was on the verge of breaking through two-year lows at the 1.35 level in mid-week trade before tentative buying interest returned.

RBC Capital Markets have anointed a recommendation to sell the Pound-to-Canadian Dollar exchange rate (GBP/CAD) as their "trade of the week".

Resistance to gains is identified at 1.96, 2.0 and then 2.0283, support for weakness in GBP/NZD is identified at 1.9175 and 1.9323.

GBP/AUD is seen moving higher and studies suggest the path of least resistance remains to the upside.

The Pound-to-Dollar exchange rate starts the new week at 1.3670 which places it towards the bottom of a range that has held since February, but one technical analyst says notable support located nearby will remain hard to crack.

Foreign exchange analysts at Goldman Sachs have notified clients recently they have revised higher their GBP/EUR forecasts and see 1.19 being possible by the end of the first quarter of 2022.

Goldman Sachs have downgraded their South African Rand forecasts, saying the "high octane" phase of the post-Covid recovery has now passed.

The British Pound has a great deal of appreciation potential according to research from Toscafund Asset Management LLP, the multi-asset investment management firm, who argue Adzuna job vacancies are telling an important story.