Pound Forecast

The Pound to Euro exchange rate could drop towards the April lows if this week's Bank of England guidance and forecasts point to a June interest rate rise.

The Pound to Canadian Dollar exchange rate's technical setup looks supportive of further near-term gains, but much will depend on this week's Macklem speeches and the U.S. payroll report.

The Pound to Australian Dollar exchange rate is breaking down and technical studies show a higher likelihood of further losses in the coming days.

GBP/NZD remains in a multi-week uptrend but could decline in value over the coming five days. Tuesday's local jobs report and Friday's U.S. labour report will be the week's two relevant highlights.

In the coming days we look for the GBP/EUR recovery to consolidate above 1.1650 with a potential test of figures above 1.17 in the event of soft Eurozone inflation numbers.

The Pound to Dollar exchange rate recovered last week but was unable to hold 1.25, and a hawkish Federal Reserve update and a strong payroll print could result in more of those gains being returned.

The Bank of England is turning dovish as there is further disinflation in the pipeline in the UK, which should keep the Pound under pressure.

The Pound's outlook against the Canadian Dollar has undergone a significant shift in fortunes, potentially tilting from an upside bias to a downside bias in the space of just two days.

The Pound is near its April lows against the New Zealand Dollar following Friday's selloff, but we look for support to kick in again.

The Pound to Australian Dollar exchange rate is teetering above the key 200-day moving average (DMA) as we write on Monday; it must stay above here if a positive technical setup is to remain entrenched.

The Pound to Euro exchange rate is forecast to recover last Friday's losses over the course of the coming week, but much will depend on the release of UK and Eurozone PMI figures for April.

The Pound to Dollar exchange rate is forecast to recover recent losses in the coming week, with focus falling on UK PMI data and U.S. PCE inflation numbers.

GBP/NZD could be turning higher again amidst solid technical support and deteriorating global investor sentiment, but inflation data from both New Zealand and the UK could provide two-way volatility this week.

While the Australian Dollar still looks vulnerable to a further deterioration in market sentiment, but buoyant global commodity prices and a strong domestic jobs report should limit the downside in the coming weak.

The Dollar is in charge, but the pace of recent advances could be a case of 'too fast, too soon' and a pullback could be on the cards this week.

The Pound to Euro exchange rate could see volatility this week - albeit within a constricted range - as we navigate the release of UK wage and inflation data.

The Pound to Euro exchange rate has risen ahead of the European Central Bank's March interest rate decision, with analysts saying the Eurozone's single currency saying it looks cheap.

The Pound to Franc exchange rate might be in rarefied air at current levels, with one Swiss private bank predicting it will fall over the remainder of the year.

GBP/CAD is looking a whole lot perkier than at this same point one week ago, courtesy of that soft Canadian jobs report on Friday.

The Pound to New Zealand Dollar exchange rate is undergoing a period of consolidation, but the broader uptrend remains intact. This week's highlight is the RBNZ decision.