Pound Forecast

Pound Sterling's solid recovery late last week following the U.S. job report blowout offers a telling clue as to how this week's price action might pan out.

We expect Pound Sterling to recover against the Euro this week, but our confidence in a rebound is lower than at the same point just one week ago.

Pound Sterling can fall further against the Euro, according to a strategy call by a Reuters market analyst.

The Pound to New Zealand Dollar exchange rate looks constructive over multiple time frames, and we expect further advances in the coming days.

There is a definite feel in the air that the Pound's outlook against the Canadian Dollar has flipped to the downside amidst strengthening U.S. data and rising oil prices.

The Dollar is on a charge, backed by consensus-beating U.S. data that means the U.S. Federal Reserve will likely cut interest rates after the Bank of England and European Central Bank.

The Pound to Euro exchange rate has recovered the losses that followed the Bank of England's March policy decision and we expect ongoing trade centered around the 1.17 fulcrum.

The Pound to Euro conversion has fallen from its 2024 highs, but analysts at Barclays and Julius Baer are not dropping their predictions that Pound Sterling rally to fresh highs.

Dollar weakness in the second half of 2024 is a high-conviction call for economists at Wells Fargo, one of the biggest main street lenders in the United States.

The Pound to Canadian Dollar exchange rate is likely to pull back to a key support level in the short term, but the multi-week setup remains constructive.

Pound Sterling could stay under moderate pressure against the Australian Dollar in the coming week owing to a softening technical setup and the risk monthly inflation figures will beat expectations.

A constructive technical setup and a limited calendar risk in the coming week, save for an appearance by RBNZ Chief Economist Conway, should support the Pound to New Zealand Dollar exchange rate in the coming days.

The Pound to Dollar exchange rate's technical setup has broken down, and further weakness is likely in a week dominated by the release of the U.S. PCE inflation report.

Pound Sterling has endured two successive weeks of decline against the Euro, but the prospect of technical support around current levels and an expected synchronisation in Eurozone and UK rate cutting cycles will limit weakness.

"A Sterling reputation" is the title of a new report from Goldman Sachs, in which the company announces an upgrade to its forecasts for the Pound to Dollar exchange rate.

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.