Pound Forecast

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.

A leading Swiss bank tells clients to expect notable downside in the Pound to Franc exchange rate over the course of 2024.

GBP/CAD could be set to make further gains amidst a more constructive technical setup and falling oil prices.

The Pound to New Zealand Dollar exchange rate is in the process of unwinding the weakness that characterised the final quarter of 2024, but it is too soon to suggest a meaningful rally is underway.

The Pound to Dollar exchange rate is in a short-term uptrend that can extend over the coming days, provided global market sentiment remains stable, and the U.S. inflation report due Thursday proves a tame affair.

The Pound to Euro exchange rate made a solid start to 2024, having posted a 0.75% advance in the first week of the new year.