Barclays
FX Outlook 2026: Navigating the Turn
LIVE28 November 2025USD bearish
Back to CurrenciesModerately Bullish
USD/HUF
HUF carry attractive but April election risk requires caution. Use options for d
BARC Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
High carry
April election risk
Valuations
Central bank support
CEE recovery
All Firm Targets (Dec '26)
JPMBullish308.00
ING305.00
BARCModerately Bullish300.00
GS300.00
MUFG298.00
MS295.00
BofABullish292.00
DBBullish288.00
Analysis Summary
HUF carry attractive but April election risk requires caution. Use options for defined-risk exposure. EUR/HUF targeting 300 post-election.
FX BANK FORECAST · COVERAGE
Institutional FX coverage in your inbox
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.