Exchange Rate Forecasts

The Pound to Euro exchange rate has fallen from its highs, but analysts at one European investment bank have upgraded forecasts and see 1.20 now being possible in the coming weeks.

The Euro to Dollar exchange rate is forecasted to "stay heavy" in the next few weeks, with one technical analyst downgrading his view for the pair.

Momentum remains firmly in favour of further GBP/CAD strength, but the odds of a correction from overbought conditions are increasing.

The Pound to Australian Dollar exchange rate's recovery is growing in confidence following the recent break above the 50-day moving average.

Pound Sterling looks vulnerable to a meaningful technical breakdown against the Dollar in the event of a strong U.S. inflation report midweek.

The US dollar continues to show robust strength supported by its high yield and geopolitical considerations, while the euro faces headwinds that are likely to keep the EUR/USD exchange rate within a narrow range, according to Deutsche Bank's George Saravelos.

GBP/CAD has had a strong run of late, but last week we saw some selling pressure mount amidst a correction from overbought conditions.

GBP/NZD is forecast to remain under pressure in the coming days, but a strong U.S. job print could offer the Pound some relief.

The Pound to Australian Dollar exchange rate is rising at the start of the new month and could end the week above a key resistance area if U.S. labour market data beats expectations.

What is the Pound to Dollar forecast for the week ahead? We expect the Pound to potentially test the $1.28 level thanks to strong technical momentum and a potential undershoot in the all-important U.S. job report.

What is the Euro to Dollar exchange rate's forecast for the week ahead? We forecast a test of 1.09 and a potential breakout from the May range, but U.S. labour market numbers must come in weak.

The USD/JPY is nearing intervention territory as it climbs above 157.00. Are we going to see a re-test of 160.00? asks Fawad Razaqzada, Market Analyst at City Index and FOREX.com.

The Canadian Dollar has endured a widespread selloff against many of its G10 peers in recent days amidst heightened expectations that the Bank of Canada will cut interest rates next month, but selling pressure can ease this week.

The New Zealand Dollar is enjoying something of a purple patch right now, and we don't think it is time to stand in its way.

The recovery in the Pound to Australian Dollar exchange rate appears to have stalled at the 200-day moving average (DMA) and raises the potential for a resumption of selling pressures in the coming days.

The Euro to Dollar exchange rate is forecast to maintain a constructive feel in the week commencing May 24. However, inflation measures from both the Eurozone and the U.S. will make for volatile trading at the end of the week.

The Pound to Dollar exchange rate is forecast to extend its journey towards the top end of its 2024 range in the coming days, but a strong PCE inflation print at the end of the week could upend the rally.

The Pound to Euro rate is forecast to fall back into its 2024 range and potentially test levels below 1.17 in the week commencing May 27 as Sterling's post-inflation rally runs out of steam.

The Euro to Dollar exchange rate could soon see a technical "bullish continuation" move toward 1.1000 writes Forex.com's Global Head of Research, Matthew Weller.

The Australian Dollar is on a hot streak, and we expect it to make further gains against Pound Sterling in the coming weeks, although the coming days could see a recent consolidation extend.