Barclays
FX Outlook 2026: Navigating the Turn
LIVE28 November 2025USD bearish
Back to CurrenciesBullish
USD/HUF
HUF benefits from high carry and favorable valuations. April parliamentary elect
BARC Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
Election risk April 2026
High carry
Favorable valuations
Central bank on hold
All Firm Targets (Dec '26)
JPMBullish308.00
ING305.00
BARCBullish300.00
GS300.00
MUFG298.00
MS295.00
BofABullish292.00
DBBullish288.00
Analysis Summary
HUF benefits from high carry and favorable valuations. April parliamentary elections create event risk but base case is continuity. Central bank on hold supports. Express via short EUR/HUF with options protection around election.