Exchange Rate Forecasts

GBPNZD could test 2.10 this week if UK domestic data doesn't disappoint and global risk sentiment sours, but technical studies point to a greater likelihood the pair edges lower over the coming days.

GBPAUD can extend a recent rally over the coming days as it builds on recent upward momentum stemming from an apparent crisis of confidence in the Aussie.

Broader patterns suggest a potential bull consolidation ahead of another push higher in the EUR.

Following a run of five consecutive daily losses, it is hard to describe Pound Sterling's outlook against the Dollar as anything but soft.

GBP/EUR remains locked in a multi-week downtrend that must be respected; however, signs of emergent oversold conditions could combine with any positive UK data surprises to help a recovery over the coming days.

The Pound to Canadian Dollar exchange rate (GBPCAD) has been trending higher since late September and technical studies suggest progress can continue until the 1.70/1.71 area.

The British Pound could be on course to record a fourth successive daily loss and the technical setup advocates for further declines, according to a new analysis.

One of New Zealand's most prominent banks says the New Zealand Dollar has likely passed its lows, and improved valuations for NZD sellers beckon over the coming months.

Divergence in the performance of Eurozone and U.S. economies is about to swing in favour of the Euro, according to new research from DNB Bank, which predicts a consumer-led recovery is about to take hold in Europe.

The Bank of Canada is marching towards its first interest rate cut, and this will keep the Canadian Dollar on the back foot until the second half of 2024, according to a new currency research note from one of Canada's biggest banks.

The British Pound has risen against the Euro over recent days, but the advice from one leading Swiss bank is to temper any growing enthusiasm for an outright rally.

GBPCAD can extend higher over the coming days, aided by increasing expectations for Bank of Canada interest rate cuts and a falling U.S. Dollar.

The Pound to New Zealand Dollar exchange rate has come back under pressure and is at risk of further weakness, particularly if Chinese data beats expectations this week and helps extend a recent equity market rebound.

GBPAUD retains a soft undertone, ensuring the Tuesday decision at the Reserve Bank of Australia, and a potentially soft UK GDP release, risk triggering a break of a critical support zone.

EURUSD's technical setup is bullish and advocates for further gains over the coming days, but progress will be tested by speeches from Jerome Powell and Christine Lagarde as well as some important German industrial production numbers.

GBPUSD's technical setup has improved notably following Friday's surge but any further upside progress will be tested by this week's UK GDP data release and speeches from the Bank of England's Andrew Bailey and the U.S. Federal Reserve's Jerome Powell.

A solid ending to the previous week eases the likelihood of a significant break lower in the Pound to Euro exchange rate.

Dollar-Yen is on course to test 155 as the differential between U.S. and Japanese bond yields advocates for further advances and the Bank of Japan shows a tolerance for a weakening Yen.

Canadian Dollar weakness over the coming months is a high conviction view at Wells Fargo, the North American bank.

The Euro's resilience against the Dollar will fade with recent strength not reflecting the fundamental differences between the U.S. and Eurozone economies.