Pound's Summer Rally Against Euro Can Linger Longer
Sterling's rally against the euro has resumed, and the summer calm leaves room for further gains before September.
Sterling's rally against the euro has resumed, and the summer calm leaves room for further gains before September.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
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.
The Pound stays well supported near-term, but the UK's debt undercurrents threaten second-half performance.
Pound Sterling Vulnerable to Bank of England Sitting Out the Hiking Race: HSBC Pound Losing its Relative Rate Advantage Why Pound Sterling Strengthened Following Dovish Bank of England CallSterling's rally against the euro has resumed, and the summer calm leaves room for further gains before September.
Pound to Euro Week Ahead Forecast: Support Holds Ahead of GDP Day Pound-to-Euro Tipped for Multi-Quarter Decline by Rabobank Pound-to-Euro Week Ahead Forecast: Correction CompletesPound sterling's next hurdle is PMI data for May, due mid-morning London time.
Pound Sterling's Reaction to Inflation Data Undershoot Won't Last Rising Unemployment, Cooling Wages: Bank of England Can Hold Back Hikes Pound Sterling Isn't Fooled by Q1's UK GDP SurgeDMP survey shows little sign of brewing inflationary pressures.
Pound Passes Bank of England Test Pound Sterling Hangs on Bank of England's Vote Split Pound's Rate Hike Support Dented by Bank of England InterventionThe Pound is holding recent gains against the Dollar and Euro ahead of a U.S. inflation print that markets expect to soften.
Pound-to-Dollar Week Ahead Forecast: Rising into CPI Numbers Pound-to-Dollar Spikes to 1.35 On U.S. Job Losses Dollar Weakness Not a Debasement Story: BofAThe Australian Dollar weakened after a unanimous RBA vote trimmed near-term rate hike expectations.
Pound to Australian Dollar Week Ahead Forecast: RBA in View but USD Decides Pound-Australian Dollar Week Ahead Forecast: 1.92 Is the Test Australian Dollar Slumps as Bullock Withholds the Smoking GunThe British pound has been turned back at the ceiling again, with New Zealand inflation expectations due on Thursday.
Pound-New Zealand Dollar Week Ahead Forecast: Failed Breakout Puts 2.28 in Sight Hot New Zealand Dollar, Hot Inflation Pound-New Zealand Forecast for the Week Ahead The Euro's breakout above its six-month downtrend is losing conviction ahead of today's U.S. inflation release.
Euro-to-Dollar Week Ahead Forecast: Trendline Break Faces Its First Test Euro-to-Dollar Week Ahead Forecast: Rally Reaches Key Moment Euro Looks to ECB's September HikeCanadian separation referendums are a tail risk for the Canadian Dollar, says a leading investment bank.
Canadian Dollar's Trade Woes Outstrip Oil's Gains Pound-Canadian Dollar Week Ahead Forecast: More CAD Gains Pound-to-Canadian Dollar Week Ahead Forecast: Resistance Becomes SupportThe Pound's uptrend against the Swiss Franc has more to give, according to Bank of America, which says both its quantitative signals and the charts point h...
Swiss Franc Most Vulnerable to Oil Spikes: HSBC Pound-Franc On Course to Slide Below Parity: J. Safra Sarasin Swiss Franc Tipped to Make a Comeback by UBS