Pound-to-Euro Week Ahead Forecast: Overbought, Due a Breather
The British pound looks due a breather against the euro this week, and soft UK data could deepen any pullback.
The British pound looks due a breather against the euro this week, and soft UK data could deepen any pullback.
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.
Bailey says the neutral rate has risen and the economy is resilient, leaving the pound the G7's best performer this week.
Pound Sterling's Impressive GDP Growth Story Underpins Our House View Pound Sterling's AI Growth Story Gets IMF Confirmation Pound Sterling Rate Support Builds as Bailey Hardens Stance on InflationThe British pound looks due a breather against the euro this week, and soft UK data could deepen any pullback.
Pound-to-Euro Defies The Pullback Signals Pound-to-Euro Rally Prints a Reversal Signal at Multi-month Best Pound-to-Euro Forecast Upgraded at ING as Sterling Now PreferredPound 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 AvoidedBailey says the neutral rate has risen and the economy is resilient, leaving the pound the G7's best performer this week.
Pound Sterling Falls After Bank of England Strikes a Dovish Tone Bank of England Rate Cuts Will Soon Be Back on the Agenda Pound Passes Bank of England TestThe British pound looks set to extend its recovery against the dollar this week, though the dollar's medium-term strengths should cap it beyond that.
Pound-Dollar in Strong Recovery Pound-to-Dollar Drops as Hot U.S. Core Inflation Revives October Fed Hike Bets Pound-Dollar: Looking for U.S. Inflation BoostThe British pound looks set to cool against the Australian dollar this week, though dips should prove shallow and the uptrend stays intact.
Australian Dollar Pressured as November RBA Hike Bet Fizzles Out Australian Dollar Backed as RBA Minutes Revive November Hike Bets Pound to Australian Dollar Week Ahead Forecast: Equilibrium at the 100-DayThe British pound's bullish run against the New Zealand dollar is consolidating, yet we still see fresh highs as a matter of time.
New Zealand Dollar is Day's Best Performer RBNZ Must Hike Just to Hold the New Zealand Dollar Steady Pound to New Zealand Dollar Week Ahead Forecast: Fresh Highs Likely, Pullback Risk HighThe euro looks set to hold its ground against the dollar this week, with a rebound on the cards if French nerves settle.
Euro-Dollar Bounces Back, But Upside Limited Warns KBC Euro-to-Dollar Pressure Builds as U.S. Core Inflation Pressures Fed Into Action EUR/USD at 15-month LowsThe British pound looks set to fade against the Canadian dollar this week, though a shock vote in Alberta would send it sharply higher.
Pound to Canadian Dollar Week Ahead Forecast: Steady Rally Has Room to Run GBP/CAD Week Ahead Forecast: Breakout Points to Further Gains GBP/CAD Gains Look a Fade: Scotiabank Backs Canadian Dollar ResiliencePound-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