Exchange Rate Forecasts

GBP/EUR can decline back to key support, but weakness to remain limited.

Independent research company Capital Economics says, "Sterling has further to fall against the U.S. Dollar."

Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.

The Canadian Dollar has been under pressure against the U.S. Dollar, British pound and Euro in 2024, although some of that weakness was staunched in the second half of last week by a pickup in crude oil prices.

GBP/NZD short-term momentum positive, initial targets identified.

The Australian Dollar has come under pressure in the opening weeks of 2024, and further softness can be expected, although the release of a bumper Australian jobs report this week could offer a boost.

EUR/USD at risk of further Fed rate cut repricing, seen capped at 1.10.

GBP/USD capped by sizeable resistance, analysts see risks of a retreat.

Pound Sterling enters a new week as the top-performing major currency for 2024, but this will be challenged if this week's busy economic calendar disappoints.

The Dollar has not run out of gas just yet and should lead the pack in 2024, according to new research from HSBC.

The market remains too optimistic about the prospect of Federal Reserve rate cuts, and disappointment will lead to a notably weaker Euro over the first quarter of 2024.

Foreign exchange markets are underestimating the European Central Bank's resolve to maintain interest rates at current levels through the first part of 2024, according to a new analysis.

A leading Swiss bank tells clients to expect notable downside in the Pound to Franc exchange rate over the course of 2024.

GBP/CAD could be set to make further gains amidst a more constructive technical setup and falling oil prices.

The Pound to New Zealand Dollar exchange rate is in the process of unwinding the weakness that characterised the final quarter of 2024, but it is too soon to suggest a meaningful rally is underway.

The Pound to Australian Dollar has walked into the new year with renewed vigour and could be about to lay claim to the long-running 2023 range once more.

The Euro to Dollar exchange rate is unlikely to hold gains above 1.10 over the coming days, according to a new analysis. However, a weak U.S. inflation report on Thursday could keep the pair supported above 1.09 into the weekend.

The Pound to Dollar exchange rate is in a short-term uptrend that can extend over the coming days, provided global market sentiment remains stable, and the U.S. inflation report due Thursday proves a tame affair.

The Pound to Euro exchange rate made a solid start to 2024, having posted a 0.75% advance in the first week of the new year.

NatWest expects the British Pound to steadily advance against the Euro and Dollar until about the third quarter of 2024 before paring gains into year-end as the Bank of England takes a knife to interest rates.