The Pound-to-Rand exchange rate advanced on Wednesday, building on an already handsome gain for the week as it lifted off from a likely range floor for the second quarter, as South African exchange rates softened alongside investors' appetite for risk assets including stocks and commodities. 

The Pound-to-Canadian Dollar exchange rate was lower on Wednesday alongside other Sterling pairs but could benefit this quarter from a wave analyst upgrades to their outlooks for the British currency, some of which place GBP/CAD on course for the 1.80 level and what would then be one-year highs. 

The New Zealand Dollar was tipped again on Thursday to achieve new three-year highs ahead of year-end, but will now be aided in its advance by Wellington's increasingly apparent opposition to the Reserve Bank of New Zealand's (RBNZ) flirtation with a negative interest rate policy. 

The New Zealand Dollar cooled its heels in sympathy with the Aussie on Tuesday in a now-rare bout of underperformance by the antipodean currencies, but it's been tipped by recovery later this week as a Treasury financial update and GDP data remind investors of the country's strong fundamentals. 

The Australian Dollar edged lower on Tuesday and could now face a period of sideways consolidation after reaching a key technical milestone and as a trade spat wtih China simmers, although forecasters still see the antipodean unit advancing further in 2021 and almost irrespective of what Beijing does with its tariffs.

The Euro-to-Dollar rate was on course to complete a hat-trick of gains on Thursday after reaching a fresh two-year high in the process but conviction among some buyers is waining just as nearby technical resistance threatens to act as a temporary roadblock for the single currency. 

Europe's single currency was treading water against the Dollar but declined against a majority of its other major counterparts even as stock markets advanced amid an upbeat investor mood that was resilient to a creeping encroachment of new coronavirus restrictions on city and state economies in the U.S.

The Pound-to-Dollar rate defied gravity Thursday but is at risk of slipping lower through volatile summer months as coronavirus, geopolitical tensions and Brexit compete with the global recovery narrative for investors' attention. 

The Pound-to-Canadian Dollar exchange rate was stumbling toward June lows in a make-or-break sesssion for the short-term outlook on Thursday just hours out from the latest Bank of England (BoE) policy decision. 

The Pound-to-Canadian Dollar rate was treading water on Friday but has this week established a foothold around the midpoint of its recent trading ranges, leaving perched atop the 1.70 level and positioned for a modest recovery in the event that risk appetite continues to soften.

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 Pound is still on course for a near-double-digit loss against the Dollar as the UK leaves the EU without a deal, according to strategists at BMO Capital Markets, who say recent political events do nothing to change their view that this is the most likely outcome from the saga playing out in parliament.

The Pound could fall by as much as 8% against the Dollar over the coming months, according to analysts at BMO Capital Markets, who say Sterling is now a "do not touch" kind of currency because a no deal Brexit is the most likely outcome from the saga playing out in parliament. 

The Euro-to-Dollar rate has further to fall, according to the latest forecasts from BMO Capital Markets, as a multitude of economic and political factors will conspire to push the single currency to new 2019 lows during the months ahead. 

The Canadian Dollar will strengthen next year as the Bank of Canada (BoC) continues to lift its interest rate and a looming general election forces politicians to address the nation's increasingly apparent competitiveness problem, according to the latest forecasts from Toronto-headquartered BMO Capital Markets. 

The Canadian Dollar is lacking a clear narrative to drive it in one direction or the other at present, according to strategists at Toronto-headquartered BMO Capital Markets, who say the Loonie could remain in a "flat range" until the U.S. Dollar index tops out and goes into reverse. 

The Canadian Dollar will strengthen further over coming months as unease over the nation's future trading relationship with the U.S. dissipates although 2019's general election could scupper the currency's northward push around the middle of next year, according to Toronto-headquartered BMO Capital Markets.