Exchange Rate Forecasts

The Pound to Dollar exchange rate rose ahead of a key support level that must hold or risk a slide to 1.27, according to a new analysis.

New technical analysis from City Index shows the Euro to Dollar exchange rate (EURUSD) can retreat in the near-term ahead of an extension of the broader rally, with a rare 'harmonic butterfly technical pattern being observed.

Strategists at Barclays see diminishing value in chasing the Euro higher from current levels.

GBPUSD can remain supported over the coming days with any weakness expected to invite fresh buying interest, according to a new technical analysis.

GBPNZD has been subject to a strong technical uptrend in 2023 and there is little evidence to suggest now is the time to bet on a meaningful reversal.

GBPAUD uptrend remains alive despite recent pullback.

Up, down and up again is how to describe the path of the Canadian Dollar over the coming days, weeks and months, according to the latest assessment from Bank of America.

Strategists at HSBC went against the consensus in late 2023 and forecast a rise in the value of the currency. So, where does the team that got it right see the Pound moving over the coming weeks and months?

The British Pound reached a fresh 2021 high and another key figure at 1.31 on Thursday as the strong rally ignited by the release of softer-than-expected inflation data the previous day extended.

EURUSD rose a per cent to hit a 16-month high at 1.11 following the release of U.S. inflation data.

The march higher in the Pound to Dollar exchange rate reaches a key milestone as the 1.30 level comes into view, but overbought conditions are flashing.

Goldman Sachs raises its Pound to Euro exchange rate forecast saying the UK currency's recent strength "has staying power".

The second half of 2023 is "unlikely to be as good as H1" for the Canadian Dollar, says a major Canadian bank.

GBPNZD in a technical uptrend, 2023 highs can be retested and broken, but UK jobs report on Tuesday and RBNZ on Wednesday are risks.

The Pound to Euro exchange rate entered the new week near mid-June highs just above 1.17 but might most likely consolidate between there and somewhere around the 1.16 level in the days ahead unless Sterling is able to find reasons for excitement in the UK's latest employment and GDP figures. 

GBPAUD uptrend remains intact, further gains towards 2.0 possible if key level breaks.

GBPEUR exchange rate looks to test the 1.17 level over the coming hours and should remain supported over the coming month - data allowing - with further tests of the 2023 high probable if the May-July trend of appreciation remains intact.

GBPUSD remains subject to a bullish technical outlook according to a new analysis from City Index, the retail trading institution, in a call that offers some context to the recent pullback and consolidation.

New forecasts show a steady decline awaits the Canadian Dollar against the U.S. Dollar, Euro and British Pound.

"We think this is increasingly reminiscent of the late-1990s dotcom era, and now expect a similar bubble to form in the U.S."