Exchange Rate Forecasts

The Pound to Euro rate was dealt a setback last week as Sterling sustained widespread losses and the European single currency staged a short-lived rebound, although signs of a souring UK economic outlook could mean it’s set to remain subdued with limited prospects for recovery over the coming days.

Saxo Bank says the bashing received by Pound Sterling last week leaves it ready to turn tail against the Euro and head lower over coming days.

The Euro could fall to par the Dollar, or rise back to 1.15 says Italian lender UniCredit who see one of two scenarios playing out over coming weeks.

The British Pound's gains against the Euro are now 'in the bag' according to new research from a major Scandinavian lender and investment bank.

Swiss based investment bank Credit Suisse have lowered their forecasts for the South African Rand.

"The US dollar could be close to peaking" - MUFG.

New research finds the Dollar rally has some significant upside to come, suggesting EUR/USD is not done falling.

Foreign exchange strategists at Goldman Sachs are sticking with the Canadian Dollar, expecting it to outperform most rivals over coming weeks.

Western Union Business Solutions says GBP/USD could be poised to make a decisive break below 1.30 this week.

The New Zealand Dollar's near-term technical outlook is said to be "complicated" by one of New Zealand's largest lenders, where strategists look to Wednesday's all-important inflation data to offer fresh direction.

The Euro to Dollar exchange rate entered a holiday-shortened week close to its 2020 lows but could now find itself better supported if the People’s Bank of China (PBoC) comes to the aid of the European single currency in a bid to stymie further unwanted strength in the trade-weighted Renminbi.

The Pound to Dollar exchange rate remains suppressed and at risk of further lurches below 1.30 over the coming days due to continuing strength of the U.S. Dollar and likely side effects of a possible People’s Bank of China (PBoC) effort to fend off unwanted strength in the Renminbi.

The Pound to Euro exchange rate rallied back to within arm’s reach of post-referendum highs last week but could be seen stalling and then sprawling this week if the People’s Bank of China (PBoC) comes to the aid of the European single currency in a bid to fend of unwanted strength in the Renminbi.

Pound Sterling could be on the cusp of a large surge in value against the Euro, according to an analyst at data and information provider Thomson Reuters.

GBP/EUR correction risk elevated, upside limited, multiple headwinds threaten short- term setback.

GBP/USD vulnerable & could slide below 1.30, risks further slippage toward 1.28 short-term.

Crédit Agricole retain a "relatively constructive" view on the British Pound for the rest of 2022, expecting UK consumers to dip into their large stockpile of savings to weather the negative impact of the country's surging inflation levels.

GBP/EUR seen around 1.1904 by year-end, but slippage to 1.1764 likely into mid-year.

GBP/AUD approaches lowest in two years as AUD maintains best performer status.

UK inflation is set to peak at 10% says TD Securities, delivering a surge in prices that will inevitably hit economic activity and send Pound Sterling lower against the Euro and Dollar in coming weeks.