Exchange Rate Forecasts

EUR/USD seen to remain vulnerable while below 1.1825.

GBP/USD entered the new week cushioned by technical support directly beneath the market but risks seeing any attempted recovery scuppered by Wednesday's policy announcement from the Federal Reserve.

SEB - a leading Nordic corporate bank - have confirmed they expect the British Pound to maintain an upside bias against the Euro.

The Pound-to-Euro rate edged higher despite Sterling being one of the poorer performing major currencies last week and so may remain buoyant over the coming days.

Analysts at Wall Street bank Goldman Sachs say they identify upside risks to their UK interest rate and British Pound forecasts, although such a bullish view is not shared by their contemporaries at HSBC.

"We continue to expect GBP to strengthen in coming months" - Citi.

GBP/CAD sees support around 1.75 & 1.7340 further down but may struggle to keep head above water this week.

Strategists at RBC Capital Markets have anointed GBP/AUD as the "trade of the week", saying they are going "long".

The Pound-to-Dollar exchange rate entered the new week above 1.38 and with possible scope for a further attempted recovery.

The Euro-to-Dollar exchange rate entered the new week testing a technical support level at 1.18 after its recent rebound was stifled by a cocktail of domestic and international factors.

GBP/EUR supported at 1.16 as corrective pressure wanes, struggles to overcome 1.17 without lift from UK data.

The Dollar general direction of the Dollar is still pointed higher, according to new research from HSBC and SEB.

EUR/USD eyeing 1.18 amid third corrective setback but any QE cutback from ECB could revive appetite.

The Pound and Euro are predicted to maintain a slight positive bias against the Canadian Dollar in the near-term by a noted currency analyst at one of Canada's main lenders.

GBP/EUR could lose value over the next few days according to a new short-term technical analysis, although where it ends the week will likely rest with the outcome of Thursday's briefing from the European Central Bank.

The New Zealand Dollar is forecast to experience further near-term gains on a combination of fading U.S. Dollar strength and firming expectations for the RBNZ to begin raising interest rates.

The outlook for the Australian Dollar has improved and upside risks are starting to build, according to a new research update from CBA.

EUR/USD starts new week softer, but near-term technical momentum is positive.

The Pound-to-Dollar exchange rate's September recovery would need to break through resistance located at 1.3960 for a run towards 1.41 to transpire, according to a new analysis of the pair.

RBC Capital Markets are forecasting sizeable declines in the value of the British Pound before 2021 is out with losses extending into 2022.