The Pound to Euro exchange rate has recovered the losses that followed the Bank of England's March policy decision and we expect ongoing trade centered around the 1.17 fulcrum.
The Pound to Euro conversion has fallen from its 2024 highs, but analysts at Barclays and Julius Baer are not dropping their predictions that Pound Sterling rally to fresh highs.
Dollar weakness in the second half of 2024 is a high-conviction call for economists at Wells Fargo, one of the biggest main street lenders in the United States.
The Pound to Canadian Dollar exchange rate is likely to pull back to a key support level in the short term, but the multi-week setup remains constructive.
Pound Sterling could stay under moderate pressure against the Australian Dollar in the coming week owing to a softening technical setup and the risk monthly inflation figures will beat expectations.
A constructive technical setup and a limited calendar risk in the coming week, save for an appearance by RBNZ Chief Economist Conway, should support the Pound to New Zealand Dollar exchange rate in the coming days.
The Pound to Dollar exchange rate's technical setup has broken down, and further weakness is likely in a week dominated by the release of the U.S. PCE inflation report.
Pound Sterling has endured two successive weeks of decline against the Euro, but the prospect of technical support around current levels and an expected synchronisation in Eurozone and UK rate cutting cycles will limit weakness.
"A Sterling reputation" is the title of a new report from Goldman Sachs, in which the company announces an upgrade to its forecasts for the Pound to Dollar exchange rate.
According to a new analysis from one of the UK's biggest banks, the prospect of a material move higher in the Pound to Euro exchange rate is looking increasingly remote.
GBP/NZD is on the cusp of breaking to fresh multi-month highs, but any advance hinges on the outcome of this week's UK inflation release and Bank of England decision.
Pound Sterling has retreated from its March highs against the Dollar and risks a further setback if UK inflation disappoints and the Federal Reserve strikes a hawkish tone.
GBP/EUR is consolidating near the top of its range and another retest of the 1.1750 area is possible if this week's data surprises to the upside and the Bank of England repeats that it's too soon to consider cutting interest rates.
Pound Sterling can go higher against the Euro, supported by fundamentals that include attractive valuations, an interest rate buffer, and upside risks from the upcoming general election.
The Pound to Dollar exchange rate's recent setback has been shallow and the broader backdrop remains supportive, says Fawad Razaqzada, an analyst at City Index.
Pound Sterling's rise against the Euro can extend into the coming months and reach a peak comfortably above €1.20, supported by a strong carry advantage and a waning Brexit premium.