Pound Forecast

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/CAD hit its highest level in years just last week, but there has been no follow-through, meaning this could be a pivotal week for the pair.

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's 2024 uptrend against the Australian Dollar is intact and the coming week could see a retest of last week's high at 1.9570.

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.

GBP/CAD kissed a new two-year high at the start of the new week, but is now pulling back.

GBP/NZD was rejected at a key resistance level and we look for the subsequent pullback to extend into the next few days.

The Pound to Australian Dollar exchange rate hit a new 2024 high at 1.9553 last week but ultimately capitulated and ended the week flat, raising the odds of a softer trading conditions in the coming week.

Pound Sterling could hit fresh multi-month highs against the Dollar this week, underpinned by positive technicals. However, any undershoot in UK wage data - or overshoot U.S. inflation data - could prompt a sharp pullback.

GBP/EUR close to fresh multi-month highs, but significant resistance blocks the way.

Bank of America has just released a call to buy the Pound-Dollar exchange rate (GBP/USD), citing the UK's Spring Budget announcement.

Selling the Euro against Pound Sterling still makes sense following Thursday's European Central Bank (ECB) policy update, according to strategists at MUFG Bank.

An analyst at Société Générale says the Euro to Pound exchange rate's daily chart hints at a major reversal playing out.

What a difference a week can make: when we published our previous week ahead forecast last Monday, the Pound to New Zealand Dollar setup was distinctly bearish.

GBP/AUD is firm at the start of week packed with Australian data releases and the UK's midweek budget.

Pound Sterling has held up better against the dollar than most in 2024, but this resilience will be tested on Friday when a crucial U.S. jobs report is released.