Pound Forecast

GBPCAD has recovered enough to invalidate the recent downtrend but it remains too soon to call an outright rally given the risks associated with this week's Bank of England decision and the next GDP figures from Canada.

GBPNZD rebound is put on ice, but too soon to predict an outright decline.

The Pound could remain supported against the Dollar over the coming days as technical indicators suggest the selloff of recent weeks is becoming exhausted, but the Federal Reserve, Bank of England and U.S. labour market statistics form the major hurdles to any significant recovery.

GBPEUR retains bearish setup near-term, but also well supported in the low 1.14s.

GBPEUR is destined for lower levels according to new research from a leading Scandinavian bank that envisages a world in which the Eurozone economy outperforms that of the UK.

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.