The forecasts for the EURUSD have not changed a lot since last month. The short term forecasts (Q2 21 – Q4 21) have decreased by 0.01 or 0.02 for both the median and the mean. On the longer term (2024 -2025) forecasts have decreased in a similar matter. The only large movements can be seen on the medium term, where forecasts for 2022 have remained pretty stable, but forecasts for 2023 have decreased by 0.05 and 0.04 for the mean and median respectively.
Further to the East, for the EURJPY to be precise, forecasts are moving a bit more. The median for the short term has remained the same or increased a little, while the median on the long term (2023) has decreased by 3 to 131. The mean on the other hand has remained pretty stable.
Coming back to Europe, the forecasts for the EURGBP have been moving down by 0.01 for both the median and the mean for most of the short term. On the longer term, the forecasts have been coming down a bit. In Switzerland, the short term forecasts of the EURCHF have remained practically the same, while the longer term (2022 and 2023) have decreased a bit.
Our Monthly FX Poll consists of more than just these four major currency pairs, so please find in our Monthly FX Poll an overview of the predictions of approximately 50 leading banks and brokers for the most commonly traded currency pairs (including the date for each party).