Exchange Rate Forecasts

Pound Sterling enters the new week with the benefit of two solid consecutive weekly advances against the Euro, which confers a degree of momentum in a calendar-light week.

Pound Sterling could be set for further gains against the Dollar into year-end with one market professional saying the stage looks set for a 'Santa Rally'.

December is traditionally a good month for the Euro to Dollar exchange rate as seasonality tends to be supportive, although the usual caveats apply according to one strategist we follow.

The time to pull the sell trigger on GBP/AUD is approaching, according to a new strategy call from Macro Hive, the independent global macro research and strategy provider.

Strategists at international payments firm Convera say the month of December could bring with it a break above the key 1.28 level for the Pound to Dollar exchange rate (GBPUSD).

The British Pound can extend its recent recovery against the Euro, according to a senior strategist at one of Europe's largest banks.

The Euro to Dollar exchange rate continues to exhibit signs of strength that can see it extend its short-term rally, according to Fawad Razaqzada, an analyst at City Index.

GBPCAD could hit 2023 peak soon, but could struggle to extend beyond. USDCAD still pointed lower.

The Australian Dollar should remain constructively poised against most of its peers in the near term and could be supported by this week's data from Australia and China.

GBPNZD locked in tight range, NZDUSD is constructive, RBNZ is this week's highlight.

EURUSD momentum stays positive, further gains to 1.10 possible even as momentum appears to be waning short-term.

The Pound to Dollar exchange rate is tipped by analysts to extend its uptrend over the coming days, although a busy economic release calendar in the U.S. could trigger volatility.

The Pound to Euro exchange rate last week recorded its largest weekly gain since August and could be entering a new uptrend in a week that will be dominated by the release of Eurozone inflation data.

Any rebound in oil prices combined with an upside surprise in Canadian inflation data could offer the Canadian Dollar some support against the Pound and U.S. Dollar over the coming days.

A benign global sentiment and rising stock markets provide the backdrop for further Australian Dollar gains over the coming days.

The New Zealand Dollar sees a solid start for the new week in sympathy with rising Chinese equity markets, and with little on the U.S., Chinese or New Zealand calendars, further gains can remain possible.

The Euro to Dollar exchange rate had its best week since July last week, but analysts note the advance leaves the Eurozone's single currency looking overextended and at risk of setback over the coming days.

GBPUSD remains in a constructive technical setup that can see gains extend over the coming days which feature the Autumn Statement on Wednesday and the PMI survey for November on Thursday.

GBPEUR technical setup has broken down, key support level gives way, exposing sub-1.14.

GBPCAD is in a near-term uptrend that can continue to extend, provided this week's inflation data out of the UK and U.S. don't throw up significant surprises.