Pound-to-Euro Rate Tests 1.1750
Sterling outperformed this week as French bond market tensions hit the euro, and Burnham's Europe pivot adds a tailwind.
Sterling outperformed this week as French bond market tensions hit the euro, and Burnham's Europe pivot adds a tailwind.
The consensus is ripe to be challenged.
More →Official daily exchange rates from 1971 to today: Bank of England, ECB and interbank sources.
Bank of England trade-weighted sterling effective exchange rate index (Jan 2005 = 100)
A reading above 100 means the currency is expensive relative to its long-run historical average. Below 100 means it is undervalued.
Berenberg sees the UK's bond premium narrowing under Burnham while France's widens, a contrast the pound reflects.
Pound-to-Euro Rate Tests 1.1750 Pound Sterling at 2-Week High as Economy Defies the Gloom Pound Sterling, Bonds Unenthused by Burnham SpeechThe euro could stay pressured until the ECB signals that French spreads threaten policy transmission.
Why Pound-to-Euro is Back Above 1.17 Pound-to-Euro Upside on ECB's Dovish Tilt Pound to Euro Week Ahead Forecast: Grind Lower BeckonsPound sterling was left softer following midweek inflation numbers, analysts see further losses in the near term.
Burnham's Gen-Z Base Leads Confidence to 2-year Highs Pound Sterling Up-case Reinforced by Rising Consumer Confidence UK Labour Market: Worst Has Passed, But Household Squeeze Can't be AvoidedPound sterling was left softer following midweek inflation numbers, analysts see further losses in the near term.
Bank of England Rate Cuts Will Soon Be Back on the Agenda Pound Passes Bank of England Test Pound Sterling Hangs on Bank of England's Vote SplitA weak September payrolls report has pushed back October Fed hike bets, taking the edge off the dollar.
Pound-to-Dollar: Williams Keeps USD Strength at Bay Pound to Dollar Week Ahead Forecast: USD Rally Due a Breather HSBC Eyes More Pound Sterling WeaknessSoft Australian core inflation erodes bets on another RBA hike, lifting the pound through its 100-day average.
Why Australian Dollar Fell Following the RBA Rate Hike Pound to Australian Dollar Week Ahead Forecast: Floor Holds, Recovery Eyes the 100-Day Australian Dollar Underperforming on Carry UnwindFading RBA hike bets are dragging the New Zealand dollar lower, lifting the pound towards its July high.
Pound to New Zealand Dollar Week Ahead Forecast: Uptrend Regroups for a Test of the July Peak GBP/NZD Softness to Exetend Until October RBNZ Call Is Settled Pound to New Zealand Dollar Week Ahead Forecast: Rally Stalls Beneath July PeakFrench debt concerns are brewing, and we think this is one to watch when considering the euro-to-dollar rate's outlook.
Euro-Dollar Exposed to Summer Lows After Lagarde's Dovish Tilt Euro to Dollar Week Ahead Forecast: Support Holds the Line for Now Euro-Dollar Due a Rebound from Two-month LowsScotiabank sees Canadian dollar resilience holding, leaving the pound's rally against it vulnerable.
Pound to Canadian Dollar Week Ahead Forecast: Firm Oil Keeps Sterling Capped Pound to Canadian Dollar Week Ahead Forecast: Oil Holds the Key to September's Fragile Recovery GBP/CAD Short-Term Forecast: Staying BearishPound-franc exchange rate's uptrend firmly entrenched.
Pound-Franc Gains Have Further to Run: BofA Swiss Franc Most Vulnerable to Oil Spikes: HSBC Pound-Franc On Course to Slide Below Parity: J. Safra Sarasin