Pound Sterling in Early Burnham Bounce
Pound-to-euro rises back to 1.16 resistance, making a breakthrough possible.
Pound-to-euro rises back to 1.16 resistance, making a breakthrough possible.
"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 British pound suffers a setback Tuesday as data show the UK economy struggling this June.
Pound Sterling Faces Uncertain Summer Thanks to Starmer's Exit Pound Vulnerable to a Radical Burnhamism How Pound Sterling Was Hit by a Warsh PenaltyPound-to-euro rises back to 1.16 resistance, making a breakthrough possible.
Pound-to-Euro Fightback Possible This Week Don't Sell Pound-Euro on Politics says Goldman Sachs Trader Pound Sterling Will Find Support in Bank of England CautionPound 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 Wall Street bank says U.S. exceptionalism can deliver steady USD gains.
Pound-Dollar Could Soon Test the Big 1.30 Level GBP/USD: Risks into Warsh's Debut Pound-to-Dollar Week Ahead Forecast: Peace Deal Paves Path to Higher LevelsCommerzbank says it now expects the Aussie to depreciate against the U.S. dollar and the euro.
Australian Dollar Won't Be Hampered by On-Hold RBA says Strategist Pound-Australian Dollar Week Ahead Outlook: Recovery Rolls Over Australian Dollar Weakness Propels GBP/AUD To Major LevelGBP/NZD set for a pullback, but it's too soon to expect a meaningful decline.
Pound-to-New Zealand Dollar Week Ahead Forecast: Building Bullishness Pound-New Zealand Dollar Eyes Trendline at 2.30 Pound-New Zealand Dollar This Week: Downside to Fade into 2.24PMIs 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 ScopedGBP/CAD enters the new week having delivered the breakout bulls were looking for.
Canadian Dollar Undervalued: Scotiabank Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the Line GBP/CAD Fails at Major Barrier Following Impressive Canadian Jobs ReportResearch 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