US Dollar Forecast

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. 

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

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.

Danske Bank is steadfast in its forecast that the Euro will move lower against the Dollar, taking it comfortably below parity during the course of the coming months.

The Euro has pushed to its highest level since the 1st of July on Tuesday, and further gains all the way to 1.10 cannot be ruled out says a major European bank.

The Pound has rallied to a new three-month best against the Dollar as the major unwind of the U.S. currency sparked by last week's U.S. inflation data release extends.

EUR/USD could extend its near-term recovery over this coming week say analysts, although many remain of a view the market is witnessing a technical position clear-out and not necessarily the start of a long-term rebound.

GBP/USD in strong comeback, suggests the multi-year low is now in.

Investors can expect the dollar surge to likely continue well into 2023.

USD could be in the final phase of its multi-month rally according to analysts at Capital Economics, although they warn it is still too soon to prepare for the Greenback to roll over and turn trend.

This is a significant week for global FX, with the Federal Reserve's policy update on Wednesday followed by Friday's all-important U.S. jobs report.

"Better, but not good," is how Goldman Sachs analyst Michael Cahill describes the British Pound's prospects in the wake of Rishi Sunak's anointment as Prime Minister.

Foreign exchange analysts at BMO Capital say the near-term outlook for the Pound has improved considerably and further gains are possible if the UK leadership is changed in the next two weeks.

Danske Bank lowers its forecast profile for EUR/USD saying the U.S. Dollar is yet to hit new highs and the Eurozone's trade shock is likely to persist.

Foreign exchange strategists at Nomura are as sure as they possibly can be that the Pound to Dollar exchange rate is on course for a substantial decline that takes it below parity.

HSBC has advocated a lower Euro trend for over a year and does not believe it is set to reverse yet.

Goldman Sachs says a recent rebound in GBP is partly a result of the disruptions in UK pension plans which has led to some significant, but temporary, repatriation back to the UK in order to raise capital.

Global Reach Group have released their latest pack of key Pound Sterling forecasts covering the remainder of 2022 and the first three quarters of 2023.

It is too soon to call a pivot in the Euro to Dollar exchange rate (EUR/USD) say analysts, with one warning new lows will be gouged out over coming weeks.