Exchange Rate Forecasts

GBP/AUD is forecast to fall back to levels last seen in 2013, according to new forecasts released by Rabobank.

Intesa Sanpaolo raises Euro-Dollar forecasts.

Foreign exchange strategists at RBC Capital say the Euro is to rise against the British Pound in 2023 owing to their pessimistic view on the UK economic outlook.

GBP/NZD has eased back of late amidst clear NZD outperformance.

GBP/AUD sits poised at a key area of resistance that, if broken, could usher in new highs, but failure to breach could ultimately result in a pullback over the course of the coming week.

The Pound to Dollar exchange rate reached multi-month highs last week after Federal Reserve (Fed) and Chinese health officials appeared to inspire in investors an almost Pavlovian appetite for chasing risky assets but it remains to be seen if the rally can survive this week's U.S. economic data offering.

The Pound to Euro exchange rate's multi-month recovery was frustrated last week as Sterling became caught in a dense pocket of technical resistance, which could continue to obstruct the path higher in the days ahead and what is set to be a quiet week for UK and European economic calendars.

GBP is near multi-decade lows and the risk of a major decline is limited, says NatWest Markets as it assesses the currency's prospects for 2023.

Italy's UniCredit Bank is betting on a renaissance in the Euro through 2023, particularly against the Dollar and Swiss franc.

The British Pound ends November on a solid footing against the Dollar and Euro but there is a distinct uncertainty amongst analysts as to how the coming month of December will play out.

The Euro to Dollar exchange rate (EUR/USD) is being tipped to advance over the course of December, a traditionally strong month for this pair.

GBP/NZD starts the new week higher amidst a selloff Asian and Australian currencies linked to the weekend developments in China, but the prospect of a material advance in the pair remains limited.

The Euro to Dollar exchange rate has benefited significantly from the final quarter's risk asset rally but its recovery has recently been stalled by technical resistances around 1.04 on the charts and could give way this week to losses that pull the single currency back toward 1.0303 or below in the days ahead.

The Pound to Dollar exchange rate has reversed more than one half of this year's decline but will now run the risk of a corrective setback that could pull it toward 1.20 or perhaps even back below there over the coming days. 

The Pound to Canadian Dollar exchange rate outlook has improved further in recent trade and Sterling could now have scope to reach some of its strongest levels since the end of the first quarter after establishing a foothold above the 1.57 handle last week, according to technical analysis from Scotiabank.

HSBC sees USD uptrend ending, upgrades GBP/USD forecasts.

Sterling embarking onto a bumpy road through 2023, energy prices & inflation drive underperformances.

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Top performer NZD runs into an important meeting of the RBNZ this week.

EUR/USD short-term technicals positive, but some analysts see risks of a turn lower again.

GBP/USD technicals broadly positive as near-term USD retreat remains intact.