Pound forecasts against
Euro, Dollar, Australian Dollar, New Zealand Dollar and other G10 majors. Predictions come from market pricing sources, investment banks and technical analysts.
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Latest Pound Forecast News on Pound Sterling Live:
The Pound to New Zealand Dollar exchange rate has more work to do if the outlook is to flip to constructive; in this regard, Wednesday's U.S. inflation print could be the determining factor.
The Pound to Australian Dollar exchange rate is rising at the start of the new month and could end the week above a key resistance area if U.S. labour market data beats expectations.
What is the Pound to Dollar forecast for the week ahead? We expect the Pound to potentially test the $1.28 level thanks to strong technical momentum and a potential undershoot in the all-important U.S. job report.
The Canadian Dollar has endured a widespread selloff against many of its G10 peers in recent days amidst heightened expectations that the Bank of Canada will cut interest rates next month, but selling pressure can ease this week.
The recovery in the Pound to Australian Dollar exchange rate appears to have stalled at the 200-day moving average (DMA) and raises the potential for a resumption of selling pressures in the coming days.
The Pound to Dollar exchange rate is forecast to extend its journey towards the top end of its 2024 range in the coming days, but a strong PCE inflation print at the end of the week could upend the rally.
The Pound to Euro rate is forecast to fall back into its 2024 range and potentially test levels below 1.17 in the week commencing May 27 as Sterling's post-inflation rally runs out of steam.
The Pound to Franc exchange rate has rallied to a new 21-month high after UK inflation figures cast doubt on Bank of England interest rate cuts and now screens as overbought. But, fundamental developments mean weakness should be shortlived going forward.
The Australian Dollar is on a hot streak, and we expect it to make further gains against Pound Sterling in the coming weeks, although the coming days could see a recent consolidation extend.
There are definite signs of a weakening trend in the Pound to New Zealand Dollar exchange rate and technicals are increasingly pointing to lower outcomes.
The Pound to Dollar exchange rate has entered a short-term uptrend that can extend over the coming days, particularly if UK service inflation figures disappoint on Wednesday.
Pound Sterling risks a setback against the Euro if the midweek release of UK inflation undershoots expectations and Eurozone PMI figures better those from the UK on Thursday, as some analysts expect.
Pound Sterling looks at risk of a near-term pullback and consolidation against the Dollar, but further gains the bigger picture is one of an increasingly bullish technical setup as indicators advocate for further advances.
The Pound and Canadian Dollars find themselves in similar positions: both currencies have been weighed down of late by the suspicion their respective central banks are going to cut interest rates in June.
