Forecast overview
Latest exchange-rate projections at a glance
| Pair | Live | 1–3 monthsQ4 2026 | 6 monthsQ1 2027 | 12-month outlookQ3 2027 | Implied move | Consensus | Providers |
|---|---|---|---|---|---|---|---|
| GBP/EUR forecast | 1.1990 | 1.1548 | 1.1529 | 1.1519Range 1.1111–1.2048 | −3.9%Q3 2027 | GBP bearish | 17providers |
| GBP/USD forecast | 1.3412 | 1.3358 | 1.3387 | 1.3549Range 1.2700–1.4500 | +1.0%Q3 2027 | GBP bullish | 21providers |
| EUR/USD forecast | 1.1186 | 1.1530 | 1.1581 | 1.1764Range 1.1000–1.2100 | +5.2%Q3 2027 | EUR bullish | 21providers |
| USD/JPY forecast | 158.04 | 157.59 | 156.08 | 153.27Range 142.43–164.47 | −3.0%Q3 2027 | USD bearish | 21providers |
| GBP/AUD forecast | 1.9449 | 1.8812 | 1.8769 | 1.8927Range 1.8699–1.9301 | −2.7%Q3 2027 | GBP bearish | 3providers |
| GBP/NZD forecast | 2.3957 | 2.2504 | 2.2040 | 2.1826Range 2.1277–2.2401 | −8.9%Q3 2027 | GBP bearish | 4providers |
| USD/CAD forecast | 1.4085 | 1.3938 | 1.3838 | 1.3620Range 1.3300–1.4600 | −3.3%Q3 2027 | USD bearish | 19providers |
| USD/CHF forecast | 0.81770 | 0.81180 | 0.80800 | 0.79490Range 0.76000–0.85000 | −2.8%Q3 2027 | USD bearish | 18providers |
Largest projected riseEUR/USD +5.2%Q3 2027
Largest projected fallGBP/NZD −8.9%Q3 2027
Greatest provider disagreementUSD/JPY 14.4% rangeQ3 2027
Provider count and range use the furthest displayed forecast point for each pair. Forecasts are estimates, not guarantees or customer dealing rates.
Pound Sterling (GBP) forecasts
| Pair | Today | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
|---|---|---|---|---|---|---|
| GBP/USD forecast | 1.3412 | 1.3358 | 1.3387 | 1.3537 | 1.3549 | 1.3659 |
| GBP/EUR forecast | 1.1990 | 1.1548 | 1.1529 | 1.1564 | 1.1519 | 1.1518 |
| GBP/AUD forecast | 1.9449 | 1.8812 | 1.8769 | 1.8722 | 1.8927 | 1.8868 |
| GBP/CAD forecast | 1.8890 | 1.8543 | 1.8483 | 1.8626 | 1.8872 | 1.8800 |
Latest Pound Sterling insights
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GBP/USD Forecast: Pound Falls Below Scotiabank’s Consolidation Range
Scotiabank sees risk of a deeper Pound decline as technical support gives way, while MUFG argues that the Bank of England still offers Sterling support. -
Pound to Euro Rate Returns Above €1.20 as Rabobank Sees Support Against the Euro
Rabobank sees French political risks supporting Pound Sterling against the Euro, even if weaker UK growth forces markets to scale back rate-hike bets. -
Pound-to-Euro Forecast: Goldman Revision Points to €1.2050
Goldman Sachs has become more positive on Pound Sterling against the Euro near term, while warning that rich valuations could limit lasting gains.
Euro (EUR) forecasts
| Pair | Today | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
|---|---|---|---|---|---|---|
| EUR/USD forecast | 1.1186 | 1.1530 | 1.1581 | 1.1678 | 1.1764 | 1.1971 |
| EUR/GBP forecast | 0.83410 | 0.86600 | 0.86750 | 0.86490 | 0.86810 | 0.86800 |
| EUR/AUD forecast | 1.6222 | 1.6159 | 1.6179 | 1.6249 | 1.6206 | 1.6169 |
| EUR/CAD forecast | 1.5755 | 1.6077 | 1.6047 | 1.6013 | 1.6044 | 1.5928 |
Latest Euro insights
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Euro-Dollar Falls to $1.1152 as Strong US Hiring Tests UniCredit’s $1.16 Forecast
UniCredit expects a narrower US yield advantage to lift the Euro to $1.16 by mid-2027, but the currency has gained little as pressure on French bonds eases. -
EUR/USD Forecast: French Budget Defeat Threatens Recovery
Rabobank forecasts a weaker Euro as French fiscal tensions threaten capital outflows, with the US election rally fading ahead of further budget talks. -
EUR/USD Outlook: Scotiabank Sees 1.1350-1.1400 Beyond Key Resistance
Scotiabank sees scope for the Euro to extend its recovery against the US Dollar, but a key resistance level still stands in the way of further gains.
US Dollar (USD) forecasts
| Pair | Today | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
|---|---|---|---|---|---|---|
| USD/CAD forecast | 1.4085 | 1.3938 | 1.3838 | 1.3769 | 1.3620 | 1.3535 |
| USD/AUD forecast | 1.4501 | 1.4037 | 1.3977 | 1.3926 | 1.3755 | 1.3697 |
| USD/EUR forecast | 0.89400 | 0.86750 | 0.86370 | 0.85630 | 0.85010 | 0.83520 |
| USD/GBP forecast | 0.74560 | 0.74890 | 0.74720 | 0.73850 | 0.73830 | 0.73210 |
Latest US Dollar insights
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USD/CAD Forecast: Strong US Jobs and Canadian Weakness Challenge Loonie Recovery
Canada’s jobs setback challenges Crédit Agricole’s recovery forecast for the Canadian Dollar, while USD/CAD has passed Scotiabank’s resistance level. -
Australian Dollar Forecast: ING Backs Carry and Citi Warns on China
Foreign exchange analysts at ING eye Australian Dollar gains despite a pause in RBA tightening, while Citi warns weaker Chinese credit and housing could undermine the recovery. -
Indian Rupee Gains as Bank Predictions Split Between 97.50 and 92 for USD/INR
FX strategists at MUFG project renewed Indian Rupee losses against the US Dollar despite RBI support, while Crédit Agricole forecasts a stronger INR by September 2027.
Australian Dollar (AUD) forecasts
| Pair | Today | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
|---|---|---|---|---|---|---|
| AUD/USD forecast | 0.68960 | 0.71260 | 0.71570 | 0.71820 | 0.72670 | 0.73000 |
| AUD/NZD forecast | 1.2318 | 1.2142 | 1.2213 | 1.1902 | 1.1703 | 1.1111 |
| AUD/CAD forecast | 0.97130 | 0.99000 | 0.98000 | 0.97260 | 0.97500 | 0.97000 |
| AUD/EUR forecast | 0.61650 | 0.61890 | 0.61800 | 0.61510 | 0.61690 | 0.61830 |
Latest Australian Dollar insights
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Australian Dollar Holds Above US70¢ as RBA Decision Puts 0.71 in View
Crédit Agricole sees scope for Australian Dollar gains if the RBA stays hawkish, although weaker risk appetite could frustrate a push towards US71¢. -
Australian Dollar Recovers Above $0.69 vs US Dollar After Jobs Shock Cuts RBA Hike Bets
Crédit Agricole retains its Australian Dollar recovery forecast, arguing that weaker jobs have yet to remove the RBA’s case for tackling inflation. -
Australian Dollar Prediction 2026: Goldman Sees Gains Over Twelve Months
Goldman Sachs expects the Australian Dollar to gain against the US Dollar, with the latest RBA signals supporting demand before Thursday’s jobs data.
New Zealand Dollar (NZD) forecasts
| Pair | Today | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
|---|---|---|---|---|---|---|
| NZD/USD forecast | 0.55980 | 0.59080 | 0.59860 | 0.60210 | 0.61090 | 0.61920 |
| NZD/AUD forecast | 0.81180 | 0.82350 | 0.81880 | 0.84010 | 0.85530 | 0.90000 |
| NZD/CAD forecast | 0.78850 | 0.83000 | 0.85000 | 0.87000 | 0.88000 | 0.88000 |
| NZD/EUR forecast | 0.50050 | 0.51080 | 0.51940 | 0.52810 | 0.52590 | 0.53750 |
Latest New Zealand Dollar insights
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NZD/USD Forecast: Citi Sees Rates on Hold Throughout 2027
Foreign exchange analysts at Citi expect NZ interest rates to stay unchanged through 2027, challenging support for the New Zealand Dollar exchange rates as election uncertainty grows. -
New Zealand Dollar Forecast: Earlier Rate Hike Does Not Remove Near-Term Weakness
Westpac expects earlier New Zealand rate tightening, but its currency outlook still allows near-term weakness before a recovery against the US Dollar. -
NZD/USD Outlook: Westpac Sees 0.64 in 2027 After Near-Term Downgrade
Westpac analysts expect a weaker New Zealand Dollar (NZD) against the US Dollar (USD) this December, but see rising domestic rates supporting a recovery through 2027.
Canadian Dollar (CAD) forecasts
| Pair | Today | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
|---|---|---|---|---|---|---|
| CAD/AUD forecast | 1.0296 | 1.0101 | 1.0205 | 1.0283 | 1.0259 | 1.0310 |
| CAD/EUR forecast | 0.63470 | 0.62200 | 0.62310 | 0.62440 | 0.62310 | 0.62740 |
| CAD/GBP forecast | 0.52940 | 0.53920 | 0.54090 | 0.53700 | 0.53000 | 0.53200 |
| CAD/NZD forecast | 1.2682 | 1.2048 | 1.1765 | 1.1494 | 1.1364 | 1.1364 |
Latest Canadian Dollar insights
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USD/CAD Price Forecast: Weak GDP Challenges Further BoC Hike Bets
The Canadian Dollar is holding up despite disappointing growth, leaving JP Morgan cautious about further gains supported by Bank of Canada rate rises. -
Canadian Dollar Forecast: ING Sees Oil Risk Behind 1.42 USD/CAD Call
ING sees limited Canadian Dollar gains against the US Dollar as its oil outlook challenges expectations of sustained Bank of Canada tightening. -
Canadian Dollar Outlook: BofA Backs a BoC Hold Despite Hike Expectations
The Canadian Dollar faces a test as BofA expects the Bank of Canada to hold rates, arguing weak activity limits the case for sustained tightening.
