Pound Forecast

The Pound has registered two consecutive weekly declines against the Canadian Dollar and could see further weakness in the coming days and weeks.

What is the Pound to Dollar exchange rate forecast for the coming week? We think the Pound will remain vulnerable to further weakness but Friday could see a rebound if a key inflation reading comes in soft.

What is the forecast for the Pound to Euro exchange rate in the coming week? We think the Pound can pull back from recent highs as it consolidates the strong gains of the May to June period. We think losses will be shallow.

Pound Sterling will weaken against the Dollar to levels last seen in May, according to a new analysis.

Pound Sterling would give up all the gains it made against the Euro if the right-wing party of Marine Le Pen fails to secure a majority in the upcoming French legislative elections.

The scale of the Pound's fall against the Canadian Dollar last Friday was significant and we wonder if it has dented what was one of global FX's best-defined uptrends.

The Pound to New Zealand Dollar exchange rate remains under pressure and is forecast to test early June lows again.

The Pound to Australian Dollar exchange rate is forecast to come under further pressure in the week ahead, provided UK inflation data undershoots expectations and the RBA delivers 'hawkish' guidance.

The Pound to Dollar exchange rate faces three key tests in the coming week: French political risk, UK inflation (Wednesday) and the Bank of England decision (Thursday).

The Pound to Euro exchange rate opens the new week relatively unchanged on Friday's close at 1.1846 with no unexpected developments from France to boost volatility.

The Pound to Euro exchange rate has fallen from its highs, but analysts at one European investment bank have upgraded forecasts and see 1.20 now being possible in the coming weeks.

Momentum remains firmly in favour of further GBP/CAD strength, but the odds of a correction from overbought conditions are increasing.

The Pound to New Zealand Dollar exchange rate has more work to do if the outlook is to flip to constructive; in this regard, Wednesday's U.S. inflation print could be the determining factor.

The Pound to Australian Dollar exchange rate's recovery is growing in confidence following the recent break above the 50-day moving average.

Pound Sterling looks vulnerable to a meaningful technical breakdown against the Dollar in the event of a strong U.S. inflation report midweek.

GBP/CAD has had a strong run of late, but last week we saw some selling pressure mount amidst a correction from overbought conditions.

GBP/NZD is forecast to remain under pressure in the coming days, but a strong U.S. job print could offer the Pound some relief.

The Pound to Australian Dollar exchange rate is rising at the start of the new month and could end the week above a key resistance area if U.S. labour market data beats expectations.

What is the Pound to Dollar forecast for the week ahead? We expect the Pound to potentially test the $1.28 level thanks to strong technical momentum and a potential undershoot in the all-important U.S. job report.

The Canadian Dollar has endured a widespread selloff against many of its G10 peers in recent days amidst heightened expectations that the Bank of Canada will cut interest rates next month, but selling pressure can ease this week.