Pound Forecast

The Pound to Dollar exchange rate fell 2.0% last week and still looks heavy, but a limited rebound is possible in the coming days.

Our Pound to Euro Week Ahead Forecast looks for 1.19 to act as gravity but for weakness to be limited below here.

Year-to-date, the GBP/USD is up about 5.3%. While the potential to extend these gains is there, the cable is now less than 70 pips away from testing a key long-term resistance zone between 1.3500 and 1.4000.

The Pound continues its march higher against the Canadian Dollar and our Week Ahead Forecast model won't fight the trend.

Of all the GBP exchange rates we monitor in our Week Ahead Forecast coverage, GBP/NZD is looking the most bearish.

The Australian Dollar is one of the better performing major currencies thanks to hopes of a Chinese economic revival. But it could suffer a setback this week as embedded expectations are challenged.

The Pound to Dollar exchange rate can continue to advance in the coming days according to our Week Ahead Model. Fedspeak and U.S. payrolls are the fundamental risks to the positive setup.

The Pound to Euro exchange rate could register further gains in the coming days amidst ongoing positive momentum. However, significant post-Brexit resistance levels are in play here.

Foreign exchange analysts at Goldman Sachs have raised their forecasts for Pound Sterling on account of ongoing economic resilience and a reasessment of the Dollar's outlook.

Pound Sterling Live and Corpay have launched the Pound to Euro forecast guide for year-end and the first half of 2025.

The British Pound could be looking to register its strongest monthly close against the Canadian Dollar since 2018 this week.

The Pound and New Zealand Dollar have a lot of fundamental similarities, which have conspired to suppress volatility in GBP/NZD.

The Pound and Australian Dollar are both outperformers in the current environment, which is flattening volatility in GBP/AUD.

The British Pound can continue to advance against the Dollar in the coming weeks, but the next few days could see some consolidation around current levels.

Pound Sterling has wind in its sails and further gains against the Euro are possible in the coming five days.

The Dollar will rebound if the Federal Reserve opts to stick with its guidance and cut interest rates by 25 basis points today, but strength will be shortlived according to one analysis.

Look at the chart of the Pound to New Zealand Dollar exchange rate below; you will notice the blue line running along the top of the recent daily bars.

We forecast the Pound to struggle against the Australian Dollar in the week ahead owing to the strong likelihood that the Federal Reserve will cut interest rates by 50 basis points.

The Pound to Dollar exchange rate could test the 2024 high at 1.3250 if the Federal Reserve cuts interest rates by 50 basis points this week.

We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact. Wednesday's Federal Reserve rate cut could prove supportive from a global perspective.