Currency News

Daily Exchange Rate Forecasts & Currency News

Currency Predictions

A round up of the latest currency predictions from the Currency News desk.

Pound to Euro Week Ahead Forecast: EUR concerns intensify, GBP Gains?

10 Nov 2024 at 7 PM - Written by Frank Davies

Foreign exchange analysts at MUFG expect that the Pound to Euro (GBP/EUR) exchange rate will strengthen towards 1.22. The consensus view is that a slow pace of Bank of England rate cuts, allied with difficulties in the Euro-Zone and the threat of trade stresses under a second Trump Presidency, will undermine the Euro and support...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Week Ahead Forecast: Trump trades dominate GBPUSD

10 Nov 2024 at 7 PM - Written by Frank Davies

ING has upgraded its dollar forecasts following the US Presidential election and now has an end-2025 Pound to Dollar (GBP/USD) exchange rate forecast of 1.24. MUFG added; “the bullish implications for the US dollar from a Trump victory and likely Red Sweep will cap further upside for cable beyond the 1.3000-level.” According to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Exchange Rate Forecast For Week Ahead: 1.1365-1.1905

16 Jun 2024 at 9 AM - Written by John Cameron

Foreign exchange analysts at Bank of America forecast that the Pound to Euro exchange rate (GBP/EUR) gains will extend to 1.1905. Credit Agricole sees scope for a near-term correction before a medium-term move to 1.1905. Danske Bank expects a decline to 1.1365 on a 6-12-month view, but notes that French political uncertainty and Bank...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

24 Dec 2023 at 9 AM - Written by Frank Davies

Goldman Sachs now expects that the Pound will strengthen to 1.35 against the US Dollar by the end of 2024. HSBC analysts, however, are forecasting that GBP/USD exchange rate will weaken to 1.18 by the third quarter of 2024. There was choppy GBP/USD trading during the week with net gains to above 1.2700 as the dollar lost ground....

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10

20 Dec 2023 at 5 PM - Written by Frank Davies

The Euro to Dollar exchange rate (EUR/USD) has been held below 1.10, but found support below 1.0900 on Monday and advanced to 1.0935 on Tuesday with relatively narrow ranges prevailing. Federal Reserve and ECB policy decisions, as well as market pricing, will be crucial factors. Goldman Sachs expects the Fed and ECB will both be...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

18 Dec 2023 at 9 AM - Written by John Cameron

Where do foreign exchange analysts see the Euro (EUR) against the US Dollar (USD) next year (2024)? Commerzbank expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.15 by mid 2024 before fading. Morgan Stanley, however, expects that EUR/USD will weaken back to parity in Spring 2024. EUR/USD surged to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

18 Dec 2023 at 9 AM - Written by David Woodsmith

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

15 Dec 2023 at 12 PM - Written by Frank Davies

EUR/USD Exchange Rates Jump to 2-week Highs as ECB Rejects Talk of Lower Rates The dollar remained under pressure on Thursday and the Euro strengthened after the ECB policy decision. Given this combination, the Euro to Dollar (EUR/USD) exchange rate jumped to 2-week highs fractionally below 1.1000 before settling around...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

7 Dec 2023 at 9 AM - Written by John Cameron

US Dollar Resilient Despite Weak US Jobs Growth, GBP/USD Exchange Rate Held Close to 10-Day Lows The latest US data continued to point to a slowdown in the labour market and bond yields declined. The Pound, however, was unable to make headway, especially with weak UK data and Bank of England concerns over UK credit dynamics. The...

CATEGORIES: Currency Predictions Pound Dollar Forecasts Pound Sterling Forecasts

Euro to Dollar Forecast: 1.04 in Next 12 Months say Danske

7 Dec 2023 at 9 AM - Written by Tim Boyer

Foreign exchange strategists at Danske Bank expect that the overall global profile will undermine the Euro while US out-performance is likely to continue. In this environment, the Euro to Dollar (EUR/USD) exchange rate is likely to grind lower next year. It is, however, wary over the potential for near-term EUR/USD gains and...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Euro Week Ahead Forecast: EUR concerns intensify, GBP Gains?

10 Nov 2024 at 7 PM - Written by Frank Davies

Foreign exchange analysts at MUFG expect that the Pound to Euro (GBP/EUR) exchange rate will strengthen towards 1.22. The consensus view is that a slow pace of Bank of England rate cuts, allied with difficulties in the Euro-Zone and the threat of trade stresses under a second Trump Presidency, will undermine the Euro and support...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Week Ahead Forecast: Trump trades dominate GBPUSD

10 Nov 2024 at 7 PM - Written by Frank Davies

ING has upgraded its dollar forecasts following the US Presidential election and now has an end-2025 Pound to Dollar (GBP/USD) exchange rate forecast of 1.24. MUFG added; “the bullish implications for the US dollar from a Trump victory and likely Red Sweep will cap further upside for cable beyond the 1.3000-level.” According to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Exchange Rate Forecast For Week Ahead: 1.1365-1.1905

16 Jun 2024 at 9 AM - Written by John Cameron

Foreign exchange analysts at Bank of America forecast that the Pound to Euro exchange rate (GBP/EUR) gains will extend to 1.1905. Credit Agricole sees scope for a near-term correction before a medium-term move to 1.1905. Danske Bank expects a decline to 1.1365 on a 6-12-month view, but notes that French political uncertainty and Bank...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

24 Dec 2023 at 9 AM - Written by Frank Davies

Goldman Sachs now expects that the Pound will strengthen to 1.35 against the US Dollar by the end of 2024. HSBC analysts, however, are forecasting that GBP/USD exchange rate will weaken to 1.18 by the third quarter of 2024. There was choppy GBP/USD trading during the week with net gains to above 1.2700 as the dollar lost ground....

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10

20 Dec 2023 at 5 PM - Written by Frank Davies

The Euro to Dollar exchange rate (EUR/USD) has been held below 1.10, but found support below 1.0900 on Monday and advanced to 1.0935 on Tuesday with relatively narrow ranges prevailing. Federal Reserve and ECB policy decisions, as well as market pricing, will be crucial factors. Goldman Sachs expects the Fed and ECB will both be...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

18 Dec 2023 at 9 AM - Written by John Cameron

Where do foreign exchange analysts see the Euro (EUR) against the US Dollar (USD) next year (2024)? Commerzbank expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.15 by mid 2024 before fading. Morgan Stanley, however, expects that EUR/USD will weaken back to parity in Spring 2024. EUR/USD surged to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

18 Dec 2023 at 9 AM - Written by David Woodsmith

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

15 Dec 2023 at 12 PM - Written by Frank Davies

EUR/USD Exchange Rates Jump to 2-week Highs as ECB Rejects Talk of Lower Rates The dollar remained under pressure on Thursday and the Euro strengthened after the ECB policy decision. Given this combination, the Euro to Dollar (EUR/USD) exchange rate jumped to 2-week highs fractionally below 1.1000 before settling around...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

7 Dec 2023 at 9 AM - Written by John Cameron

US Dollar Resilient Despite Weak US Jobs Growth, GBP/USD Exchange Rate Held Close to 10-Day Lows The latest US data continued to point to a slowdown in the labour market and bond yields declined. The Pound, however, was unable to make headway, especially with weak UK data and Bank of England concerns over UK credit dynamics. The...

CATEGORIES: Currency Predictions Pound Dollar Forecasts Pound Sterling Forecasts

Euro to Dollar Forecast: 1.04 in Next 12 Months say Danske

7 Dec 2023 at 9 AM - Written by Tim Boyer

Foreign exchange strategists at Danske Bank expect that the overall global profile will undermine the Euro while US out-performance is likely to continue. In this environment, the Euro to Dollar (EUR/USD) exchange rate is likely to grind lower next year. It is, however, wary over the potential for near-term EUR/USD gains and...

CATEGORIES: Currency Predictions Euro Dollar Forecasts