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"Typical Summer Overshoot" in EUR/USD Likely Warn Soc Gen


Kit Juckes at Societe Generale believes the conditions are ripe for the Euro v Dollar exchange rate to rush to 1.20 this summer and make life difficult for the team at the European Central Bank.

Euro

Pound to Euro Latest

1.1187▼

-0.01%

Previous Close:

1.1188

Today's High:

1.1199

Today's Low:

1.1182

US Dollar

Pound to US Dollar Latest

1.3074▲

0.08%

Previous Close:

1.3064

Today's High:

1.3089

Today's Low:

1.3061

Australian Dollar

Pound to Australian Dollar Latest

1.6412▲

0.1%

Previous Close:

1.6396

Today's High:

1.6439

Today's Low:

1.6388

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.7478▲

0.21%

Previous Close:

1.7442

Today's High:

1.7504

Today's Low:

1.7416

South African Rand

Pound to South African Rand Latest

16.9978▲

0.15%

Previous Close:

16.9731

Today's High:

17.0175

Today's Low:

16.9519

Canadian Dollar

Pound to Canadian Dollar Latest

1.642▲

0.15%

Previous Close:

1.6396

Today's High:

1.6434

Today's Low:

1.6388

Latest British Pound News

GBP LIVE TODAY

FX Valuations: British Pound Most Undervalued, Australian Dollar Most Overvalued

26 July, 2017 |

Pound Sterling is shown to be the most undervalued major global currency at present having been unable to recover from the steep decline following the UK’s EU referendum held in June 2016.

GBP LIVE TODAY

UK GDP Fails to Inspire Pound Sterling

25 July, 2017 |

Pound Sterling is failing to convince us that it is ready to deliver a shot of upside at present.

GBP LIVE TODAY

British Pound "will Continue to Trade with a Negative Bias" Until Details of Tra…

24 July, 2017 |

It is “still a bit too early to be pricing in any Brexit transitional deal hopes.”

GBP LIVE TODAY

"Time to Sell" Pound Sterling v Dollar and Euro say BofAML Exchange Rate Strateg…

24 July, 2017 |

It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research.

GBP/EUR: News and Forecasts

EUR

Pound Sterling Could Finally Show Some Mettle v Euro Soon say Forecasters

27 July, 2017 |

Why analysts don’t believe Sterling requires a massive downgrade against the Euro as is the case for EUR/USD because the risk of a Pound-positive surprise remains elevated.

EUR

Pound to Euro Rate "Still in a Consolidation Phase" but Analysts Look to Next Mo…

27 July, 2017 |

“A corrective phase stays in place, but we stay bullish for 0.9050.” - David Sneddon at Credit Suisse.

EUR

Room for Deeper Euro Decline Against Pound Sterling says Strategist

26 July, 2017 |

The Euro to Pound Sterling exchange rate could continue declining if analyst Robin Wilkin at Lloyds Bank is correct.

EUR

D.B. Warn 5%+ Decline Ahead for Pound to Euro Exchange Rate

26 July, 2017 |

“We are more positive on the euro, with upside to the dollar and sterling” - Deutsche Bank’s house view.

GBP/USD: News and Forecasts

USD

US Fed Sends Pound to Dollar Rate to Best Level Since mid-September

27 July, 2017 |

The US Dollar continues to bleed value on global foreign exchange markets with fresh slippage coming in the wake of the US Federal Reserve’s July policy meeting and subsequent briefing.

USD

US Dollar Fails to Ignite Despite Progress for Trump on Healthcare, Can the Fed Light a Fi…

26 July, 2017 |

One of the key events we have been watching in global FX over the past 24 hours is how the Dollar would react to the latest machinations of the US Congress.

USD

US Dollar v Pound: US Fed Ahead, Trump Takes Another Shot at Obamacare Repeal

25 July, 2017 |

Dollar buyers will want to see Trump win as this would communicate that he does have the ability to pass legislation and the prospect of lower taxes and increased public spending becomes a reality once more.

USD

Pound Forecast to Continue Rallying v US Dollar Over Coming Week

24 July, 2017 |

The Pound to US Dollar continues rallying, its short-term uptrend extending ever higher with each higher high and higher low.

EUR/USD: News and Forecasts

Euro to Dollar

"Typical Summer Overshoot" in EUR/USD Likely Warn Soc Gen

27 July, 2017 |

Kit Juckes at Societe Generale believes the conditions are ripe for the Euro v Dollar exchange rate to rush to 1.20 this summer and make life difficult for the team at the European Central Bank.

Euro to Dollar

EUR/USD: The Euro-Bulls at Credit Suisse Upgrade Forecasts, Again

27 July, 2017 |

Another day, another upgrade for the Euro.

Euro to Dollar

EUR/USD now Forecast above 1.20 as "Genie is out of the Bottle" say Danske Bank

26 July, 2017 |

A big upgrade for the Euro to Dollar exchange rate has been announced by Danske Bank who believe a perfect combination of events have transpired over recent weeks that will allow the single-currency to race higher.

Euro to Dollar

EUR/USD Correction Likely but Credit Suisse are Staying Bullish

25 July, 2017 |

Technical strategist David Sneddon at Credit Suisse is still looking for the Euro to ascend against the US Dollar.

GBP/AUD: News and Forecasts

AUD

The Australian Dollar to Stay in Demand, but Beware Attempts by RBA to Talk Currency Lower

27 July, 2017 |

The Australian Dollar remains one of the dominant driving forces in global foreign exchange but warnings continue to emerge the the Reserve Bank of Australia might soon look to clip the currency’s wings.

AUD

Australian Dollar Dented by Inflation Data + RBA Governor Lowe's Comments

26 July, 2017 |

Pound Sterling has risen against the Australian Dollar by over half a percent in the mid-week session as data out of Australia disappoints against analyst expectations.

AUD

Australian Dollar's Potential for Gains v Pound are Running Out

24 July, 2017 |

The Pound to Australian Dollar pair has been in a short-term downtrend ever since the 1.7600 highs and this trend remains intact and likely to continue.

AUD

Has the Australian Dollar's Run Higher Against the Pound Ended? We Investigate

21 July, 2017 |

The Australian Dollar took a tumble after the Deputy Governor of the country’s Central Bank said that Australia may not follow other G10 central banks in hiking interest rates.

GBP/NZD: News and Forecasts

NZD

Pound v New Zealand Dollar: 5-Day Outlook

24 July, 2017 |

The Pound to New Zealand Dollar was moving in a sideways range during most of June and July but last week it decisively broke lower.

NZD

New Zealand Dollar 'Lower for Longer' as NZ Inflation Drops in Q2

18 July, 2017 |

NZD/USD is describing a 'V' shaped price action over the last 24-hours as varrying factors have impacted on the currency pair

NZD

Pound v New Zealand Dollar Forecast to Rise this Week

16 July, 2017 |

The pair is broadly moving sideways with a slight upside bias, it is expected to extend higher in the week ahead.

NZD

New Zealand Dollar Set to Weaken, Say BNZ, Though Counterarguments Compelling

14 July, 2017 |

The New Zealand Dollar to US Dollar has stalled at a key trendline at 0.7300 and now analysts see the pair rotating and falling as the New Zealand Dollar (Kiwi) loses ground due to a negative fundamental backdrop.

GBP/CAD: News and Forecasts

CAD

Pound Forecast to Extend Decline Against Canadian Dollar but Near-Term Correction Higher P…

24 July, 2017 |

The downtrend is expected to continue with confirmation coming from a break below 1.6232 and downside target at 1.6100. However, the prospect of a period of short-term relief is also elevated.

CAD

Some say Canadian Dollar Overstretched on BoC Trade, But Charts Beg to Differ

18 July, 2017 |

After a strong month CAD could be over extended, says JP Morgan's Daniel P. Hui

CAD

Week-Ahead Forecast for Pound v Canadian Dollar

16 July, 2017 |

The Pound to Canadian Dollar pair is now firmly in a downtrend as the Bank of Canada (BOC) moves closer to raising interest rates whilst the Bank of England (BOE) remains divided and Sterling undermined by Brexititus.

CAD

The Pound Retraces Canadian Dollar Losses, but Bank of Canada Stance Keeps CAD a Favourite…

12 July, 2017 |

In a widely-expected move the Bank of Canada has raised its basic interest rate by 0.25% to take the overall rate to 0.75% ensuring the Canadian Dollar remains one of the best-performing currencies in global FX.

GBP/ZAR: News and Forecasts

ZAR

Pound to South African Rand: Outlook for the Coming Week

24 July, 2017 |

The Pound to South African Rand is broadly in a sideways trend between about the 17.70 and 15.00 levels.

ZAR

SARB Rate Cut Ends South African Rand's Rally Against the Pound, More Cuts Seen Coming

21 July, 2017 |

The South African Reserve Bank (SARB) cut interest rates by 0.25% at their rate meeting on Thursday and the Rand fell back.

ZAR

Pound's Uptrend v Rand Still Alive, Despite Fall at Start of New Week

17 July, 2017 |

The Pound to South African Rand is in a short-term uptrend since forming a low in June, which is forecast to continue in the week ahead.

ZAR

SA Rand at Risk as the Real Downgrade to Junk Looms in Early 2018

13 July, 2017 |

South Africa is a notch away from sub-investment grade, and the potential capital outflows of an initial downgrade could amount to $14bn.