Pound Forecast

GBPNZD short-term outlook is constructive, but NZD could benefit on any global sentiment improvement.

GBPAUD mildly bullish, 1.9330 a potential upside target.

GBPUSD technical outlook is improved, but key test comes on Tuesday with PMI release.

GBPEUR nursing wounds following another weekly loss, but starting to look oversold says ING.

GBPUSD has flipped short-term bearish, 2023 lows a target for the near-term.

GBPEUR chart reveals pressures building, retest of 1.15 now back on cards.

The Pound to Dollar exchange rate can extend higher in the short-term according to a new analysis released following the release of UK GDP data that showed a rebound in activity during August.

The British Pound looks set to reboot its rally against the Euro and Dollar over the coming months according to analysis from Bank of America Merrill Lynch.

GBPCAD's short-term rebound has been halted by a flareup in geopolitical tensions, although it is too soon to say the pair is about to return to lows around 1.6350.

GBPNZD can continue to stay supported above the 2.0275 level over the coming days as a 'relief' rally looks to extend further, however, data out of China could boost the Kiwi if it confirms a pickup in activity is underway.

GBPAUD drawdown fades, leaving scope for the rebound to extend.

GBPUSD short-term outlook remains positive, but strength to be limited given broader USD dynamics.

GBPEUR is supported as long as above €1.1490, €1.16 a tentative target.

Financial services firm Ebury expects the Bank of England to raise interest rates again before year-end and expects the move to improve the British Pound's prospects against the Euro and Dollar.

The British Pound can recover against the Euro as Germany's economic growth outlook deteriorates, but further losses against the Dollar can be expected.

The British Pound is tipped to struggle against the Euro over the course of October as a hangover from a rough September extends, but weakness will likely remain limited as the Eurozone and UK economies are unlikely to diverge.

The Pound to Canadian Dollar exchange rate (GBPCAD) is looking to extend a short-term rebound in a week that will be dominated by the release of Canada's monthly labour market statistics.

The Pound's recent selloff against the Australian Dollar has eased over recent days but the exchange rate remains vulnerable to further losses, particularly if Tuesday's Reserve Bank of Australia (RBA) decision is more 'hawkish' than expected.

Recovery from oversold conditions can extend, 1.2350 a potential short-term target.

Pound Sterling is set to remain vulnerable against the Euro over the coming days and a test of the solid support zone at 1.15 could well come into play in a week devoid of data and events on the calendar for either the Eurozone or UK.