Currency News

Daily Exchange Rate Forecasts & Currency News

Currency Predictions

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

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

Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

3 Dec 2023 at 7 PM - Written by Ben Hughes

Foreign currency strategists at Morgan Stanley expect that the Euro to Dollar (EUR/USD) exchange rate will slide to parity by the end of the first quarter of 2024. Wells Fargo expects that the dollar will lose ground in 2024 with the Euro to Dollar (EUR/USD) exchange rate at 1.11 at the end of 2024. There was choppy dollar and Euro...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

The Pound to Dollar: Forecasts see Possible Gains to 1.2745, say UoB

1 Dec 2023 at 7 AM - Written by John Cameron

UK and Global Inflation Pressures in Focus, GBP/USD Exchange Rate Finds Support at 1.2600 European currencies have been generally on the back foot on Thursday as the dollar has secured a net recovery in global markets, but with some Pound resilience in evidence amid fears over sticky UK inflation. The Pound to Dollar (GBP/USD)...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Forecast: 1.1765 in Six Months say Rabobank

29 Nov 2023 at 6 PM - Written by Toni Johnson

The Pound-to-Euro exchange rate (GBP/EUR) held a firm tone on Wednesday as the Bank of England (BoE) maintained hawkish rhetoric while weaker-than-expected inflation data from two Euro-Zone countries increased expectations of 2024 ECB rate cuts. In this environment, the British Pound advanced to 6-week highs against the Euro at 1.1570...

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

Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

3 Dec 2023 at 7 PM - Written by Ben Hughes

Foreign currency strategists at Morgan Stanley expect that the Euro to Dollar (EUR/USD) exchange rate will slide to parity by the end of the first quarter of 2024. Wells Fargo expects that the dollar will lose ground in 2024 with the Euro to Dollar (EUR/USD) exchange rate at 1.11 at the end of 2024. There was choppy dollar and Euro...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

The Pound to Dollar: Forecasts see Possible Gains to 1.2745, say UoB

1 Dec 2023 at 7 AM - Written by John Cameron

UK and Global Inflation Pressures in Focus, GBP/USD Exchange Rate Finds Support at 1.2600 European currencies have been generally on the back foot on Thursday as the dollar has secured a net recovery in global markets, but with some Pound resilience in evidence amid fears over sticky UK inflation. The Pound to Dollar (GBP/USD)...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Forecast: 1.1765 in Six Months say Rabobank

29 Nov 2023 at 6 PM - Written by Toni Johnson

The Pound-to-Euro exchange rate (GBP/EUR) held a firm tone on Wednesday as the Bank of England (BoE) maintained hawkish rhetoric while weaker-than-expected inflation data from two Euro-Zone countries increased expectations of 2024 ECB rate cuts. In this environment, the British Pound advanced to 6-week highs against the Euro at 1.1570...

CATEGORIES: Currency Predictions Pound Euro Forecasts