Exchange Rate Forecasts

Matt Weller, Global Head of Research of City Index, details what to watch on the path to pound parity.

"Looked at through the most meaningful measures, it is clear that the current level of GBP is not an impediment to further significant falls" - RBC Capital.

The headwinds facing the British Pound are "very strong" according to new analysis from Rabobank, which forecasts the printing of fresh 2022 lows against the U.S. Dollar within weeks.

Pound Sterling is set to complete a third successive weekly decline against the Euro.

The Australian Dollar is a "quality" currency that is set to rally against the U.S. Dollar and all other major currencies over coming months, according to new analysis from BMO Capital Markets.

GBP/NZD pushing higher from recent lows, aided by BoE rate hike expectations.

The Euro to Dollar exchange rate entered the new week with a spring in its step and could look to extend its nascent recovery through the days ahead unless the tentative rebound is scuppered by the possible monetary policy implications of U.S. inflation figures due out on Tuesday. 

"We expect the Australian dollar to weaken over the remainder of this year and next, for two key reasons" - Capital Economics.

The Pound to Dollar exchange rate hit new multi-decade lows last week before rebounding ahead of the weekend but whether it can extend this move likely depends on the market response to U.S. inflation data that could be instrumental in shaping the policy stance of the Federal Reserve next week. 

GBP selloff by no means over according to a major investment bank, despite hopes that the new government of Prime Minister Liz Truss can alter the outlook for the UK economy for the better.

The ECB should hike interest rates by a massive 75 basis points on Thursday, but such a surge in Eurozone lending rates will unlikely boost the Euro according to new analysis.

Foreign exchange analysts at a major European investment bank have lowered their forecasts for GBP/USD.

The UK economy is hard-wired to weaken its currency over the long-term, according to new analysis conducted by HSBC.

Capital Economics release dire predictions: this will be GBP's biggest crisis to date.

As the energy crisis and the lack of government continue to take bites out of the British Pound, we are taking a look at the charts to see if they will give an idea of how far the Pound will fall.

"The long term GBPUSD chart now truly looks awful" - Citi.

Timing the Dollar's unyielding rally remains one of the key questions for financial and global markets at present: there is a sense that the rally is nearing its top, but exactly where the top is and when it will finally turn is harder to divine.

Morgan Stanley updates GBP forecasts, says GBP/EUR's peak has now passed, but GBP/USD to cross 1.20 in mid-2023.

AUD will likely remain preferred to GBP for the foreseeable future, but a break below a key level looks unlikely says Westpac who reckon much of the UK's energy shock is 'in the price'.

Strategists at investment bank Nomura have raised their conviction on a bet the Euro to Dollar exchange rate (EUR/USD) is on course for a few 'big figure' moves below parity.