Exchange Rate Forecasts

According to a new analysis from one of the UK's biggest banks, the prospect of a material move higher in the Pound to Euro exchange rate is looking increasingly remote.

GBP/CAD hit its highest level in years just last week, but there has been no follow-through, meaning this could be a pivotal week for the pair.

GBP/NZD is on the cusp of breaking to fresh multi-month highs, but any advance hinges on the outcome of this week's UK inflation release and Bank of England decision.

Pound Sterling's 2024 uptrend against the Australian Dollar is intact and the coming week could see a retest of last week's high at 1.9570.

The Euro's rebound against the Dollar appears to have run its course and downside impulses are expected during the coming week, particularly if Wednesday's Federal Reserve decision proves hawkish.

Pound Sterling has retreated from its March highs against the Dollar and risks a further setback if UK inflation disappoints and the Federal Reserve strikes a hawkish tone.

GBP/EUR is consolidating near the top of its range and another retest of the 1.1750 area is possible if this week's data surprises to the upside and the Bank of England repeats that it's too soon to consider cutting interest rates.

Analysts at SEB, the Scandinavian lender and investment bank, say we are approaching the time for a EUR/USD breakout to lower levels.

Pound Sterling can go higher against the Euro, supported by fundamentals that include attractive valuations, an interest rate buffer, and upside risks from the upcoming general election.

A major Canadian bank predicts more noticeable Canadian Dollar weakness over the coming months as the Bank of Canada confronts the reality that interest rates are too restrictive.

The Euro to Dollar exchange rate remains set on an upward path, according to a new analysis from UOB.

The Pound to Dollar exchange rate's recent setback has been shallow and the broader backdrop remains supportive, says Fawad Razaqzada, an analyst at City Index.

Pound Sterling's rise against the Euro can extend into the coming months and reach a peak comfortably above €1.20, supported by a strong carry advantage and a waning Brexit premium.

The market is overestimating the quantum of rate cuts to come from the Reserve Bank of New Zealand (RBNZ) in 2024, a mispricing that can assist the New Zealand Dollar over the coming months.

Expect a resilient Australian economy and currency, thanks to improved trade with China and a slow pace of rate cuts at the Reserve Bank of Australia (RBA).

GBP/CAD kissed a new two-year high at the start of the new week, but is now pulling back.

GBP/NZD was rejected at a key resistance level and we look for the subsequent pullback to extend into the next few days.

The Pound to Australian Dollar exchange rate hit a new 2024 high at 1.9553 last week but ultimately capitulated and ended the week flat, raising the odds of a softer trading conditions in the coming week.

EUR/USD failure on Friday a potential warning signal that recent rally could be due to fade.

Pound Sterling could hit fresh multi-month highs against the Dollar this week, underpinned by positive technicals. However, any undershoot in UK wage data - or overshoot U.S. inflation data - could prompt a sharp pullback.