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ForexMediumUpdated×2•Originally published 15 April 2026•Updated 16 April 2026•

1 min read

Scotiabank Forecasts GBP/USD to Reach 1.40 by 2027 Amid Dollar Weakness

A golden-orange world map with overlaid financial charts, data screens, and military elements like tanks and missiles. The text "AUD/JPY 110.50" and "AUD JPY" are prominent. Iran is highlighted in red

Key Facts

1Scotiabank forecasts the GBP/USD exchange rate to reach 1.40 by 2027.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Updated the story to include Scotiabank's new technical analysis regarding the bearish trend in the USD/CAD pair.

Version 1about 2 months ago

What changed: Added bearish MUFG forecasts for GBP/CHF targeting 1.02, contrasting the previous bullish GBP/USD outlook with new data on the Pound's potential exhaustion against the Swiss Franc.

While Scotiabank maintains a bullish long-term outlook for GBP/USD with a 1.40 target by 2027, the bank noted in a recent update that the bearish trend for USD/CAD remains intact. Analysts are focusing on key technical levels for the Loonie as the US Dollar faces sustained downward pressure. This coincides with a more cautious view from MUFG, which suggests the Pound's recent out-performance may be unsustainable, targeting a drop in GBP/CHF to 1.02. The Pound recently retreated to the 1.0570 level against the Swiss Franc after hitting a two-month high. Market participants continue to weigh the Bank of England's policy path against the Federal Reserve's actions. Overall, the focus remains on technical resilience in currency pairs like USD/CAD alongside shifting global sentiment.