Economists at Westpac discuss the EUR, CAD and GBP outlook for 2023 and 2024.

Euro is expected to grind higher through 2023 and 2024

“Euro is expected to grind higher through 2023 and 2024, to USD 1.10 and USD 1.15 at the end of each year. Over the same time periods, the USD/CAD pair is similarly projected to decline to 1.29 and 1.26.”

“Sterling meanwhile will edge up to USD 1.24 then USD 1.28 by December 2023 and 2024, according to our forecasts.”