Pound Forecast

Pound Sterling is favoured over the Dollar this week thanks to an improved technical setup, a well-understood Fed rate cut repricing story and month-end flows.

Pound Sterling retains a constructive setup against the Euro, and further advances can be expected this week, but a strong Eurozone CPI print would likely boost the Euro.

One of Wall Street's biggest banks has raised its forecasts for the British Pound, saying it can benefit from its newfound status of "the USD of Europe".

GBP/CAD is pointed lower but can rebound amidst a broader USD pullback.

GBP/NZD is trending lower in the short term and the next target is seen at approximately 2.04; however, a strong UK PMI reading on Thursday could frustrate the move.

The Pound to Australian Dollar exchange rate is liable to weaken further over the coming days, although downside should remain relatively limited ahead of an eventual extension higher.

The Pound to Dollar exchange rate retreated further last week but the losses remain relatively constrained and we see the potential for some slight upside in the coming days.

The coming days suggest scope for a further retreat from recent highs.

The Pound to Canadian Dollar exchange rate (GBP/CAD) remains well supported on a technical basis, according to a new analysis from a leading Canadian bank.

GBP/AUD technical setup advocates for further gains, but coming days could see a small pullback.

Canadian Dollar exchange rates are looking increasingly constructive as markets fade bets for an imminent rate hike at the Bank of Canada amidst fears of persistently sticky Canadian wage pressures.

GBP/NZD finding support at 50-day moving average, but, more broadly, technicals are breaking down as RBNZ rate hike bets rise.

The Pound to Dollar exchange rate remains well supported and the coming week's heavy UK and U.S. economic calendars could offer the chance of a return to the 1.27 level.

The Pound to Euro exchange rate remains well supported by an abundance of technical support levels, but it will take a blow-out set of UK economic data releases to deliver fresh 2024 highs in the coming week.

"We may now be entering a period of euro weakness, like what we saw in 2013-2015."

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.