Pound Forecast

The New Zealand Dollar is enjoying something of a purple patch right now, and we don't think it is time to stand in its way.

The recovery in the Pound to Australian Dollar exchange rate appears to have stalled at the 200-day moving average (DMA) and raises the potential for a resumption of selling pressures in the coming days.

The Pound to Dollar exchange rate is forecast to extend its journey towards the top end of its 2024 range in the coming days, but a strong PCE inflation print at the end of the week could upend the rally.

The Pound to Euro rate is forecast to fall back into its 2024 range and potentially test levels below 1.17 in the week commencing May 27 as Sterling's post-inflation rally runs out of steam.

The Pound to Franc exchange rate has rallied to a new 21-month high after UK inflation figures cast doubt on Bank of England interest rate cuts and now screens as overbought. But, fundamental developments mean weakness should be shortlived going forward.

The Australian Dollar is on a hot streak, and we expect it to make further gains against Pound Sterling in the coming weeks, although the coming days could see a recent consolidation extend.

There are definite signs of a weakening trend in the Pound to New Zealand Dollar exchange rate and technicals are increasingly pointing to lower outcomes.

The Pound to Dollar exchange rate has entered a short-term uptrend that can extend over the coming days, particularly if UK service inflation figures disappoint on Wednesday.

Pound Sterling risks a setback against the Euro if the midweek release of UK inflation undershoots expectations and Eurozone PMI figures better those from the UK on Thursday, as some analysts expect.

Pound Sterling looks at risk of a near-term pullback and consolidation against the Dollar, but further gains the bigger picture is one of an increasingly bullish technical setup as indicators advocate for further advances.

The Pound and Canadian Dollars find themselves in similar positions: both currencies have been weighed down of late by the suspicion their respective central banks are going to cut interest rates in June.

The Pound to Australian Dollar exchange rate risks further declines in the coming days amidst a soft technical setup and potential downside risks to U.S. inflation.

The New Zealand Dollar starts the new week on a soft footing following news inflation expectations in New Zealand have fallen, increasing the odds that the Reserve Bank of New Zealand can cut interest rates later this year.

It's off the races for the Pound to Dollar exchange rate if Wednesday's U.S. inflation print undershoots expectations.

After two consecutive weeks of decline, the Pound to Euro exchange rate will need a strong wage print to end this week in the green.

GBP/CAD's near-term technical outlook is "shaping up positively", according to a new analysis.

Investment bank Goldman Sachs has lowered its forecasts profile for the British Pound, saying expectations for future UK interest rate levels are less supportive than was previously the case.

The Pound's near-term setup against the Canadian Dollar is one of consolidation but with an eventual upside bias.

GBP/NZD can come under further pressure in the near term as global markets become more confident the Federal Reserve can cut interest rates in 2024.

The Pound to Dollar exchange rate's late-week slump is an ominous sign and points to the potential for losses in the coming days.