US Dollar Forecast

Western Union Business Solutions says GBP/USD could be poised to make a decisive break below 1.30 this week.

The Euro to Dollar exchange rate entered a holiday-shortened week close to its 2020 lows but could now find itself better supported if the People’s Bank of China (PBoC) comes to the aid of the European single currency in a bid to stymie further unwanted strength in the trade-weighted Renminbi.

The Pound to Dollar exchange rate remains suppressed and at risk of further lurches below 1.30 over the coming days due to continuing strength of the U.S. Dollar and likely side effects of a possible People’s Bank of China (PBoC) effort to fend off unwanted strength in the Renminbi.

The Pound to Dollar exchange rate could only make a meaningful rebound around the middle of 2022, according to new analysis.

GBP/USD vulnerable & could slide below 1.30, risks further slippage toward 1.28 short-term.

GBP/USD upside limited, risks deeper losses ahead as Fed gears up to pull ahead & BoE turns cautious.

EUR/USD steadier & finding feet above 1.0800, calmer global markets supportive of EUR/USD.

GBP/USD vulnerable with Fed, BoE decisions ahead, hangs by thread amid bearish breakdown on charts.

GBP/USD vulnerable to further losses ahead, risk of EUR/USD pulling GBP/USD to 1.3122.

EUR/USD vulnerable near last week’s lows, slip below 1.1107 brings 1.1002 into view.

GBP/USD supported by 100-wk average at 1.3370, but risks sliding back to major support near 1.3172.

The Pound to Dollar exchange rate furthered its recovery from late January’s lows last week but a thicket of overhead resistances near the 1.37 handle could limit the upside for Sterling.

EUR/USD may attempt to stabilise near 1.13 after ECB, Fed & geopolitics prompt setback.

GBP/USD looking to cement recovery of 1.35, eyeing retest of 1.36 but may struggle above.

Deutsche Bank says the prospect of higher bond yields in the Eurozone - courtesy of the European Central Bank's recent shift in policy - will have a profound impact on longer-term U.S. Dollar valuations.

U.S. Dollar tailwinds are expected "to strengthen once again" by a leading U.S.-based investment bank, a view which if correct poses headwinds to the Euro and Pound.

GBP/USD looking for foothold near 1.35 after BoE, U.S. job data prompt setback.

The U.S. Dollar could be set for a softer February according to analysts, a view that could afford a move back to 2022 highs for the Pound to Dollar exchange rate.

EUR/USD subdued after recovery effort stifled, ECB-Fed divergence cementing yield handicap.

GBP/USD looking to stabilise near 1.3550, well supported between 1.3526 - 1.3538.