Pound Forecast

The Pound to Dollar exchange rate has broken through the 1.26 level, but an analyst says a trapdoor awaits just below here.

The Pound to Canadian Dollar risks further decline over the coming five days as a broader U.S. Dollar rally aids Canadian Dollar outperformance.

The Pound to New Zealand Dollar exchange rate can edge higher over the coming days owing to a broadly constructive technical setup and a difficult global backdrop.

The Pound to Australian Dollar exchange rate remains in a positive setup that advocates for further upside, but the Reserve Bank of Australia (RBA) could prove a setback this week.

The Pound to Dollar exchange rate risks further declines over the coming week unless Monday's release of ISM employment figures dents the Dollar's advance.

The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.

The Pound to New Zealand Dollar exchange rate remains in an uptrend, but a failure at a major resistance line raises questions raises the prospect of a pullback developing over the coming days.

GBP/AUD is in an uptrend but is struggling at a solid resistance line, Aussie inflation release is the week's highlight.

GBP/USD volatility is unusually low, rendering the exchange rate primed for a break-out.

In the coming week, the Pound to Euro exchange rate could break to new multi-year highs or flop back below the 1.17 level again.

GBP/NZD technical setup constructive, further upside possible.

The British Pound could come under further pressure against the U.S. Dollar over the coming days amidst an ongoing reassessment of Federal Reserve policy and concerns centred around the strength of the UK economy.

GBP/EUR can decline back to key support, but weakness to remain limited.

Independent research company Capital Economics says, "Sterling has further to fall against the U.S. Dollar."

Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.

GBP/NZD short-term momentum positive, initial targets identified.

The Australian Dollar has come under pressure in the opening weeks of 2024, and further softness can be expected, although the release of a bumper Australian jobs report this week could offer a boost.

GBP/USD capped by sizeable resistance, analysts see risks of a retreat.

Pound Sterling enters a new week as the top-performing major currency for 2024, but this will be challenged if this week's busy economic calendar disappoints.

The Dollar has not run out of gas just yet and should lead the pack in 2024, according to new research from HSBC.