The Pound was treading water against the Dollar Friday after managing to cling to much of its recent gain during the overnight session but investors are best served by steering well clear of the British currency for the time being, according to three influential investment banks. 

The Euro has been under pressure against the US Dollar since April, but we are told that the EUR/USD exchange rate is still likely to end the year higher than at current levels.

Two leading institutional forecasters reach the same conclusion on the outlook for Pound Sterling despite having differing views on the trajectory for UK economic growth.

Switzerland's largest bank UBS Group AG have confirmed they are maintaining one of the more bearish stances on the British Pound in the analyst community as we approach a new year.

The fading effect of the Trudeau government's programme of public works and generous spending is set to dampen inflation and impact negatively on the currency.

If the US and global economies grow, the Dollar will fall. If the US economy slows, the Dollar will fall. Dog days ahead for the Greenback in 2018, or so it appears.

UBS dismiss arguments that the June election is likely to lead to a softer Brexit outcome and actually sees signs of vulnerability for Sterling on the horizon – especially if polls prove accurate.

The Euro has fallen by nearly 5% against the US Dollar over the course of the past year but is too cheap and should ultimately start recovering.

Analysts at UBS have this week written to clients and warned another major leg of British Pound weakness is underway.

GBP/USD outlook: Where to place your stop loss orders if deciding to go long, the levels of support to consider and angles to approach Cable from over what is expected to be a wild couple of days.  

The Australian dollar is in focus once more following comments from RBA Governor Stevens. With the AUD under notable pressure UBS consider how far it will likely fall.

Latest data concerning the flows of foreign currency shows the British pound has been subject to ‘aggressive’ buying.

UBS Global Macro Strategy are bullish on the euro to dollar exchange rate following the April Federal Reserve policy meeting.

UBS economists and strategists have come to the conclusion that a powerful package of measures are to be announced by the Bank of Japan at their Thursday meeting.

Markets need to be more aware of the risks posed by a Brexit on the euro exchange rate complex.

If the UK votes to leave the EU than the EUR to GBP conversion will hit equality suggest two forecast notes.