Exchange Rate Forecasts

The Pound-to-Dollar exchange rate has built on Friday's post-Jackson Hole gains ahead of the new month, with Goldman Sachs confirming the pair could be on the way to a level above 1.41.

The Pound-to-Australian Dollar rate entered the holiday-shortened week on its front foot and with scope to rise as far 1.90 or slightly above over the coming days, although Sterling could be pressured lower into a retest of support at 1.88 later this week in the event of further U.S. Dollar declines.

GBP/CAD stabilised early in a holiday-shortened week but may struggle to sustain itself above the nearby 1.74 level over the coming days and would risk slipping back below 1.73 if either the U.S. Dollar or Canadian economic data spurs the Loonie on to a recovery.

EUR/USD could be set to probe above 1.18.

GBP/USD recovery could continue with USD reversal.

GBP/EUR may struggle to advance beyond 1.1700.

Australia's Dollar was on the back foot in the penultimate session of the week but had risen against currencies of most Australian trade partners for the week overall in a sign it could be bottoming after a lengthy run of losses, although many forecasts suggest a recovery remains some way off.

The EUR/USD decline is being tipped to extend by the foreign exchange analysis team at Nordic based lender and international financial services provider Danske Bank.

The Dollar's run higher could be about to reverse warns analyst Karen Jones at Commerzbank in a technical finding that comes just as fundamental reasons to ease back on the U.S. currency start to emerge.

GBP/NZD struggling at 2.0 as Kiwi looks to find feet.

The conditions for a continuation of the Dollar rally remain intact, says Goldman Sachs.

The Pound-to-Canadian Dollar exchange rate entered the new week reduced from three-month highs but would risk a further correction as far as an important level of support near 1.73.

The Euro-to-Dollar exchange rate has been quick to rebound following recent global market turbulence but has prospective sellers already waiting in the wings. 

The Pound-to-Dollar exchange rate entered the new week near 2021 lows but could be aided back onto its feet over the coming days. 

Investment strategists at international financial services giant MUFG have called time on their call for Pound Sterling to appreciate in value against the Euro, fearing an extension of the recent move lower in the UK currency.

The New Zealand Dollar would face losses of up to three percent against the U.S. Dollar, with bullish implications for GBP/NZD.

The British Pound has lost 1.75% over the course of the past week in what amounts to its worst weekly performance since mid-June, and further losses are likely says one analyst we follow.

New Zealand Dollar forecasts held at international financial services provider and investment bank Wells Fargo are pointed lower, despite them expecting an aggressive series of interest rate hikes being lined up by New Zealand's central bank for 2022.

A trend of appreciation in the British Pound against the Euro looks set to remain intact provided the divergence between central bank policy in the UK and EU extends and a multi-month bull trend in stock markets remains intact, say analysts.

The Pound-to-Canadian Dollar rate had the wind in its sails and 1.74 in sight following a strong start to the new week but could now struggle to advance much beyond Monday's levels.