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26 October 2018 Friday AM: GBP Finds Support, EUR at Risk of Further Losses, USD Eyes Third-quarter GDP

The Pound, Euro and Dollar were unchanged during early trading in the final session of the week, in a moment of inertia, following an overnight session that saw more weakness in global stock marketโ€ฆ

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25 October 2018 Thursday AM: GBP Settles | EUR: ECB | USD: on Fire | NZD: Trade Flop | CAD: More Strength post BoC

The Euro and Dollar have busy calendars today while Sterling's week of political intrigue is expected to calm and we would therefore expect the currency to take its cues from elsewhere.

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24 October 2018 Wednesday AM: GBP Watches May | CAD: BoC Decision | EUR: PMIs | USD: Powell Criticism | NZD: Trade Data

The calendar is quiet for the Pound but the Euro and U.S. Dollar have some PMI numbers to watch while the Canadian Dollar steals the focus thanks to the October BoC policy decision falling in mid-aโ€ฆ

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23 October 2018 Tuesday AM: GBP Eyes Carney | EUR Rally Stalls | USD Mid-Terms in Focus

Market sentiment is likely to remain tetchy with U.S. stock markets closing mostly lower yesterday: the S&P 500 lost 0.4% and the Dow Jones lost 0.5%.

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22 October 2018 Monday AM: GBP Eyes Risks to P.M. May | EUR: Italian fears ease | USD Tipped to stay Supported | NZD: Position Squaring Lends Support

Global risk sentiment is firm at the start of the week with Chinese stock markets rallying sharply overnight with the composite CSI300 index up more than 4%.

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Historical Exchange Rate Data

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Relative Performance

Pound Sterling Index

Pound Sterling Index

Bank of England trade-weighted sterling effective exchange rate index (Jan 2005 = 100)

Is Your Currency Cheap or Expensive?

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Real Effective Exchange Rate (REER)

A reading above 100 means the currency is expensive relative to its long-run historical average. Below 100 means it is undervalued.

๐Ÿ‡ฌ๐Ÿ‡ง British Pound
105.20
Cheap Expensive
๐Ÿ‡ช๐Ÿ‡บ Euro
103.41
Cheap Expensive
๐Ÿ‡บ๐Ÿ‡ธ US Dollar
106.16
Cheap Expensive
๐Ÿ‡ฆ๐Ÿ‡บ Australian Dollar
110.67
Cheap Expensive
๐Ÿ‡จ๐Ÿ‡ญ Swiss Franc
119.94
Cheap Expensive

Exchange Rate Forecasts

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Market-implied Forecasts

GBP/EUR Market-implied Forecast
Spot: 1.1591 12M: 1.1406
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GBP/USD Market-implied Forecast
Spot: 1.3384 12M: 1.3355
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Dollar's Cyclical Powers Return: HSBC

Dollar's Cyclical Powers Return: HSBC

The dollar has rediscovered a powerful source of support: the U.S. economy.

FX Today: USD Retreats, NZD Tops the Table Pound-to-Dollar Week Ahead Forecast: Prodding Lower, CPI in Focus Dollar Pressures Pound and Euro on Crushing U.S. Jobs Report
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Australian Dollar Looking Fragile: Lloyds

Australian Dollar Looking Fragile: Lloyds

The Australian dollar looks vulnerable to a deeper setback shows a new anylsis from Lloyds Bank, although other analysts think the currency will refind its...

Pound-Australian Dollar Week Ahead: Further Recovery Seen Pound-Australian Dollar Near-term Outlook Underpinned by Firming Base Aussie Dollar Still Looks Good: Lloyds
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Euro Downside Risks on 'Dovish' ECB Hike

Euro Downside Risks on 'Dovish' ECB Hike

Euro exchange rates look to the European Central Bank for support, but they might find it lacking.

Euro-to-Dollar Week Ahead Forecast: Sellers in Control Euro-Dollar Risks 1.15 Next: ING Euro-Dollar Forecasts Lowered at Commerzbank
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Swiss Franc Most Vulnerable to Oil Spikes: HSBC

Swiss Franc Most Vulnerable to Oil Spikes: HSBC

Research 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