Exchange Rate Forecasts

The Dollar should make a decisive turn lower by Autumn says Morgan Stanley, which would allow Pound Sterling and other major currencies to recover.

"Should that narrative persist and lead the BoE to raise rates by less than what forwards anticipate... the currency could weaken more than our forecasts imply" - Barclays.

The Bank of England is close to ending its interest rate hiking cycle and this will leave Pound Sterling vulnerable to further losses against the Dollar and Euro, according to one investment bank.

GBP/NZD trending higher as NZD's bout of weakness looks to extend amidst poor Chinese data and rising U.S. interest rates.

The Euro to Dollar exchange rate slipped to a fresh five year low last week but could attempt a corrective rebound in the days ahead if global markets find reasons for cheer in signs that China's most stringent 'lockdown' thus far may be nearing its end. 

The Pound to Dollar exchange rate has deepened an almost year-long downtrend but could attempt a corrective rebound this week if an easing of coronavirus-related restrictions in Shanghai is welcomed by global markets.

The Pound to Euro rate ended last week with a sharp rally from seven month lows but it could be likely to stall around the nearby 1.1827 level this week in which parliamentary testimonies from Bank of England (BoE) policymakers and a deluge of UK economic data are the highlights for Sterling. 

ASB says the recent weakness in seen in the New Zealand Dollar has further to run.

One of Canada's biggest banks believes a bout of Canadian Dollar strength looms and all that is required to trigger it would be a stabilisation in global equity markets.

As a "tide of pessimism" hits the UK, expect further GBP weakness says BNP Paribas.

Peak Dollar strength has passed and the Euro will show bullish traits in the medium-term shows new research from French banking giant BNP Paribas.

Bank of America have looked at the data and it would seem selling the Canadian Dollar and Australian Dollar on a Friday is offering consistent returns.

HSBC says it dosn't anticipate the EUR/CHF exchange rate falling back to parity, instead they now see looming Franc weakness.

The Dollar will turn tail and retreat from around mid-year says analysts at Westpac.

Investment bank Goldmans Sachs have raised their target on a trade betting the Euro will rise further in value against the British Pound.

The Australian Dollar will struggle to push GBP/AUD below the floor at 1.72 if the expectations at a major European lender and financial services provider prove correct.

The Euro to Dollar exchange rate has been unable to escape from near the bottom of its recent trough and entered the new week at risk of further losses that could see the single currency slipping toward some of its lowest levels since the opening half of 2017 over the coming days.

The Pound to Euro exchange rate has been hobbled alongside most other Sterling pairs but enters the new week couched in a pocket of important technical support levels on the charts and at a depth that creates opportunity for shortsighted dip buyers ahead of Thursday’s first-quarter GDP report.

"The narrative is so powerful at the moment it is hard to see sterling recovering much ground" - JP Morgan.

The Pound to Canadian Dollar exchange rate signed off on a hat-trick of weekly declines last Friday but may be at risk of further losses that would see it sliding to a new five year low this week and in the wake of Thursday’s policy decisions from the Federal Reserve (Fed) and Bank of England (BoE).