Pound Sterling at 2-Week High as Economy Defies the Gloom
The British pound welcomes a GDP upgrade and looks through the Burnham speech to the budget.
The British pound welcomes a GDP upgrade and looks through the Burnham speech to the budget.
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.
The British pound welcomes a GDP upgrade and looks through the Burnham speech to the budget.
Pound Sterling, Bonds Unenthused by Burnham Speech Pound Sterling Tracks Oil To Register Gains Against Euro and Dollar Pound Sterling Falls to its Lowest in Two Months Against Euro and DollarLagarde's pushback against an October hike offers the pound its clearest route higher against the euro.
Pound to Euro Week Ahead Forecast: Grind Lower Beckons Pound-to-Euro Rate Slips Below 100-Day Average as Budget Risk Builds GBP/EUR Hit By PMI Disappointment and Falling Oil PricesPound 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 SplitWilliams caps the dollar as TD Securities advises fading USD rallies, with the pound steadying near multi-week lows.
Pound to Dollar Week Ahead Forecast: USD Rally Due a Breather HSBC Eyes More Pound Sterling Weakness Pound-Dollar Selloff Gathers Pace on U.S. PMI BeatSoft 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