Pound Forecast to "Grind" Lower Against Euro: Rabobank
A leading European bank predicts the pound will eventually succumb to the euro.
A leading European bank predicts the pound will eventually succumb to the euro.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
More →Foreign exchange markets are broadly stable with global market sentiment buoyed as Chinaโs September trade surplus rose to $31.7bn, where markets were forecasting a reading of $19.2bn. For Sterlingโฆ
Read more … →The biggest stock sell-off since February rolled from the U.S. through Asia on Thursday, with benchmarks from Tokyo to Hong Kong seeing declines in excess of 3 percent.
Read more … →Following a slow start to the week, the economic calendar fills up again mid-week with industrial and GDP data out of the U.K. and some price indicators on tap out of the U.S.
Read more … →Markets will be fretting over the direction of U.S. Treasury yields which in turn impacts funding not only in the U.S. but across the world.
Read more … →Global sentiment is firm at the start of the new week as markets digest the weekend move by China's central bank to cut the level of cash that banks must hold as reserves.
Read 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.
A leading European bank predicts the pound will eventually succumb to the euro.
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