Pound Forecast

The pound to dollar exchange rate (GBP/USD) can retreat further in the coming week, but the pullback should be shallow.

Pound Sterling was unable to build a meaningful recovery, and risks are tilted lower this week, in which the Bank of England (BoE) dominates.

GBP/EUR has been on the rise since mid-November, consistent with the relief rally we expected to transpire following the budget.

The British pound will come under pressure against the euro next year as the UK economy suffers rising unemployment.

The pound is likely to test range lows at 1.8326 against the Canadian dollar in the coming week.

Pound sterling is looking heavy against the New Zealand Dollar.

The pound is forecast to remain under pressure against the Australian dollar this week.

The British pound's recent recovery leaves it well poised against the dollar.

Pound sterling's year-end rally against the euro looks well poised to extend.

Bank of America swims against the consensus and backs the pound.

Pound sterling's year-end rally against the dollar gathers steam.

Pound sterling's mini rally against the euro is intact.

GBP/CAD sees a more subdued technical setup this week, in which the Canadian employment report will be the data highlight.

GBP/NZD risks further losses in the coming days amidst a shift in sentiment towards the Kiwi.

GBP/AUD retains a heavy feel and looks set fair to record a fourth consecutive daily loss.

The pound needs to cross a key resistance level in order to establish a clear uptrend.

Pound sterling has stabilised against the euro, but it's too soon to start forecasting materially higher levels.

Pound sterling's next big directional move risks a fall below 1.0 versus the euro when the next UK crisis swings around.

Analysts at Nomura say major tail risks associated with this week's budget have been avoided, even if questions remain.

Our Week Ahead Forecast sees a more constructive setup emerging for the pound to Canadian dollar exchange rate (GBP/CAD) if a major resistance line can be overcome.