Pound Sterling Underpricing Miliband Chancellorship
The market is underpriced for the prospect of Ed Miliband becoming the next Chancellor.
The market is underpriced for the prospect of Ed Miliband becoming the next Chancellor.
"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.
Beware chasing the recovery say analysts at the Wall Street bank.
PMI Data Signals Economic Headwins for the Pound Pound Sterling Faces Uncertain Summer Thanks to Starmer's Exit Pound Vulnerable to a Radical BurnhamismThe market is underpriced for the prospect of Ed Miliband becoming the next Chancellor.
Pound-to-Euro at 10-Month High Pound Sterling in Early Burnham Bounce Pound-to-Euro Fightback Possible This WeekPound 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 InterventionA relief rally is due, but timing it is tricky.
Dollar Forecast Lifted by JP Morgan Pound-Dollar Could Soon Test the Big 1.30 Level GBP/USD: Risks into Warsh's DebutThe Australian Dollar's interest rate tailwinds are set to fade, which should alleviate downside pressures on GBP/AUD.
Australian Dollar Loses Rates Tailwind: Commerzbank Australian Dollar Won't Be Hampered by On-Hold RBA says Strategist Pound-Australian Dollar Week Ahead Outlook: Recovery Rolls OverA USD bullrun looks to have hit NZD particularly hard.
Pound-New Zealand Dollar Week Ahead Forecast: Recovery Encounters Turbulence Pound-to-New Zealand Dollar Week Ahead Forecast: Building Bullishness Pound-New Zealand Dollar Eyes Trendline at 2.30PMIs showed inflationary pressures eased in June, underpinning ECB President Lagarde's dovish tilt.
Euro-Dollar Faces a Damp Summer: BofA Citi: Sell Euro-Dollar Rallies, Even if Warsh Fails the Hawks Euro-to-Dollar Forecast for the Week Ahead: Recovery ScopedThe Canadian dollar can recover against the U.S. dollar as the greenbackโs latest rally starts to look stretched, according to TD Securities.
Pound-to-Canadian Dollar Forecast: Something for the Bulls Canadian Dollar Undervalued: Scotiabank Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the LineResearch from HSBC shows why the war in the Middle East has proven to be a significant headwind to the Swiss Franc.
Pound-Franc On Course to Slide Below Parity: J. Safra Sarasin Swiss Franc Tipped to Make a Comeback by UBS Swiss Franc Weakness Now SNB Policy