Pound Forecast

Technical analysis from Credit Suisse reveals Pound Sterling is on target to test levels closer to 1.21 as a part of a "significant trend" higher.

We are seeing the limits of Pound Sterling's advance against the Euro, according to a strategist at Société Génénerale.

Goldman Sachs have raised their forecasts for the British Pound against the Euro following a strong start to 2022 for the UK currency.

GBP/USD consolidates rally above 1.3612 and is further supported near 1.3612, 1.3589 & 1.3550.

GBP/EUR looking to hold above 1.1950, with supports near 1.1954, 1.1920, 1.1864.

Researchers at Barclays describe the British Pound's recent performance as "resilient" as they anticipate the currency to continue outperforming key peers over coming weeks and months.

U.S. Dollar depreciation is expected through 2022 by analysts at Barclays, if correct this would offer a crucial source of upside to the Pound to Dollar exchange rate over coming months.

GBP/USD looks for recovery above 1.36, supported near 1.3554, 1.3496, 1.3432.

GBP/EUR could attempt a recovery of 1.2000 but is facing resistance at 1.1998, 1.2015 & 1.2051.

GBP/NZD could attempt test of 2.00, particularly if NZD/USD remains under pressure.

GBP/CAD rally stalled by resistance near 1.2750, supported above 1.7037 as consolidation looms.

GBP/USD's holiday rally puts 1.36 in crosshairs with support at 1.3450, 1.3402, 1.3357 & 1.3311.

GBP/USD testing above 1.34 & eyeing 1.35 after USD stalls & GBP rallies off 2021 lows.

GBP/EUR looks to hold 1.18, struggles at 1.1869 after six-day rally stalled at resistance on charts.

The outlook for the British Pound is not as poor as current investor sentiment would suggest, says a leading Wall Street investment bank.

GBP/USD’s BoE driven rally stalled by resistance on charts at 1.3321, could prompt retest of 1.3167.

GBP/AUD could potentially struggle this week to get back above even the nearby 1.86 handle.

GBP/USD facing trifecta of downside risks that could stymie recovery & open up new lows.

The Pound to Euro rebound risks being undermined by new Covid restrictions, the weight of which could potentially act to pull Sterling back near to 1.1550 this week or thereafter.

The Pound to Euro exchange rate is expected to appreciate in coming months according to foreign exchange analysts at Commerzbank, the Frankfurt based lender and global financial services provider.