Exchange Rate Forecasts

GBP/AUD is in an uptrend with technical signals suggesting more gains are incoming.

The Euro is in demand and this will likely remain the case into the early May ECB interest rate hike.

GBP/USD is rising again as global equity markets recover with a push to 1.25 being possible if Thursday's U.S. GDP reading disappoints.

GBP/NZD increasingly comfortable at 2.0, "ugly" technical picture for NZD, says ANZ's Croy.

GBP/AUD supported at 1.84-1.8450, iron ore decline underpins AUD weakness, inflation is this week's hot ticket.

The Euro to Dollar exchange rate (EUR/USD) is forecast higher at HSBC with analysts saying their conviction has been cemented by the most recent set of Balance of Payment (BoP) figures from the Eurozone.

The Dollar could be about to make another leg lower that will allow the Euro and Pound to rally to fresh multi-month highs before the northern hemisphere's summer sets in, however, a lull in price action might then be expected.

Favourable April seasonality propels the Pound to its strongest valuation against a host of currencies since the start of the year, but momentum indicators look overbought and gains should fade says Bank of America.

GBP/CAD is running at levels far ahead of where it should be according to new research from a prominent Canadian bank.

The Dollar is finding itself bid in midweek trade amidst a broader turn lower in global equity markets, highlighting the currency's enduring safe-haven appeal.

UniCredit Bank forecasts further Euro gains against the Dollar that will bring new year-to-date highs above 1.10.

GBP/AUD could be prone to near-term weakness according to a new assessment from strategists at UBS.

The Pound to Euro exchange rate was pushed back to early February lows last week and the risk is that any attempted recovery is hampered this week by a renewed ebb of the inflation tide on Wednesday.

BNP Paribas Securities Corp's Head of Americas Macro Strategy, Calvin Tse, has suggested that the US dollar (USD) could be set for a multi-year structural decline due to several factors.

The Pound to Dollar exchange rate has rallied strongly in recent months and could rise further to 1.30 or so before the curtain closes on 2023.

Stock index futures and crude oil also jumped. The EUR/USD neared 1.10.

According to a recent report by Deutsche Bank, the market's expectations for the British Pound may have become overly optimistic in recent weeks.

The GBP/USD reached 1.25 handle last week, before dipping back below the high of its prior range around 1.2450. This level is now very important.

The British Pound could experience a setback as the Bank of England will surprise investors by keeping interest rates on hold in early May, according to a leading investment and commercial bank.

The Canadian Dollar can strengthen in the short- and medium-term say foreign exchange analysts at Bank of America as they eye a 'hawkish' hold by the Bank of Canada midweek.