This week’s currency forecast covers the latest GBP, USD, EUR, and JPY trends. Exchange rates are already reacting to expectations around Wednesday’s US Federal Reserve meeting and Friday’s US labour market data. In Europe and Japan, upcoming GDP figures and interest rate announcements may also influence movement across key pairs. We outline this in our full forecast below.
GBP to USD Forecast – Week of 29 July 2025
The British Pound begins the week at 1.3419, slightly down 0.49% from last Monday. Despite this, it remains 7.22% higher year-to-date.
This week, attention will shift to the Federal Reserve’s interest rate decision on Wednesday. The Fed is expected to hold rates at 4.5%, but the tone of the statement and press conference at 18:30 could drive dollar movement. On Friday, US Nonfarm Payrolls (NFP) and wage data will also provide clues on labour market strength.
Expect volatility midweek and again on Friday. If you are sending Pounds to the US, consider monitoring the Fed’s messaging on future rate moves.
Technically, GBP/USD is trading between 1.3340 support and 1.3480 resistance. A break above may open room toward 1.3570, while weakness in US data could lift the Pound.
Forecasts from Trading Economics suggest GBP/USD may move toward 1.33 by quarter-end.
GBP to EUR Forecast – Week of 29 July 2025
The Pound starts the week trading at 1.1692 against the Euro, showing little change over the past 7 days. Month-on-month, the pair is down 0.79%, though it remains up 8.08% year-on-year.
This week’s focus is on several key eurozone releases, including Q2 GDP figures and July inflation data. These will be published between Wednesday and Friday and could shape expectations for future interest rate decisions from the European Central Bank.
If eurozone growth slows more than expected, GBP/EUR may push higher toward 1.1720. Strong inflation data could limit gains and keep the pair below resistance.
The current range shows resistance near 1.1710 and support around 1.1615. A break above this week’s high could open the path toward 1.1750, especially if euro data disappoints.
Forecasts from Currency News and similar analysts expect the pair to stabilise between 1.1451 and 1.1240 in the short term, with a slight upside bias.
For those converting Pounds to Euros, this week offers relatively stable rates ahead of potential volatility from Friday’s inflation data.
EUR to USD Forecast – Week of 29 July 2025
The Euro opens the week at 1.1692 against the US Dollar, slightly lower from last Monday with a weekly drop of 0.41%. Over the past 12 months, however, EUR/USD is still up by 8.08%, supported by a weaker dollar earlier in the year.
This week brings several key risk events for the pair. In the eurozone, Q2 GDP data is due Wednesday, followed by inflation figures on Thursday and Friday. In the US, the Federal Reserve’s rate decision on Wednesday and Nonfarm Payrolls on Friday are expected to influence dollar movement.
The Euro may hold steady unless eurozone data underperforms or the Fed signals further tightening. Either scenario could drive EUR/USD below 1.1650 support.
Technically, EUR/USD is testing resistance at 1.1700. A confirmed break above could extend toward 1.1760, while failure to hold current levels may bring a move back to 1.1620.
Traders should watch for reactions around the Fed press conference on Wednesday at 18:30 and euro inflation data on Friday morning.
Analysts at Investing.com note that euro strength remains sensitive to both energy costs and interest rate expectations. A neutral Fed tone may give the Euro room to rise slightly short term.
USD to JPY Forecast – Week of 29 July 2025
The US Dollar opens the week at 148.121 against the Japanese Yen, up 0.46% over the past 7 days and 2.97% for the month. Despite recent gains, USD/JPY remains down 5.89% year-to-date, reflecting stronger JPY performance earlier in 2025.
This week, the Bank of Japan’s interest rate decision and monetary policy statement are due on Thursday, followed by a press conference at 06:30 JST. Markets are not expecting any major rate changes, but guidance on inflation and bond purchases may influence Yen movement.
A cautious BoJ tone could weaken the Yen, pushing USD/JPY toward 149.20. However, signs of tightening or concern over inflation could pull the pair lower toward 146.50.
From the US side, the Fed’s interest rate decision and Friday’s labour market data will also drive volatility. If US job data comes in softer than expected, the Yen may strengthen slightly.
Technical levels to watch: Support at 146.80, resistance at 149.30. Any surprise in BoJ communication could trigger a sharp move.
According to DailyFX, USD/JPY has shown strong momentum but remains highly sensitive to central bank divergence and global risk appetite.
Quick View: Key Pair Performance This Week
| Pair | Weekly Change | Year to Date | 12-Month Change |
|---|---|---|---|
| GBP/USD | -0.49% | +7.22% | +4.38% |
| GBP/EUR | -0.02% | +12.88% | +8.08% |
| EUR/USD | -0.41% | +12.88% | +8.08% |
| USD/JPY | +0.46% | -5.89% | -3.74% |
| AUD/USD | +0.06% | +5.52% | -0.30% |
| NZD/USD | +0.20% | +6.93% | +1.77% |
Transfer Insight
If you’re planning a high-volume currency exchange this week, consider locking in your rate early. Market movement around central bank meetings could add short-term swings.
Cambridge Currencies offers guidance on large transfers and dedicated support. Learn more about our service.
Popular Questions
What is the forecast for GBP?
The British Pound is expected to trade at 1.33 by the end of this quarter, according to Trading Economics. Over the past month, GBP has dropped 2.12%, but it’s up 4.44% year-over-year.
Is it a good time to buy dollars with pounds?
The GBP/USD rate is favourable compared to early 2025. The weekly average was 1.3517, with a high of 1.3579. Timing your transfer around macro announcements could help.
Will the Pound rise against the Euro?
Analysts forecast GBP/EUR could reach 1.20 by December 2025, though progress depends on global stability.
What is the strongest currency right now?
The Kuwaiti Dinar (KWD) remains the world’s strongest currency due to strong oil reserves and a stable policy environment. Read more at here.
