London FX Open: GBP Rises, USD Subdued Ahead of 2 Key Events
The pound is firmer against the euro and dollar amidst market positioning ahead of today's U.S. inflation release and Thursday's ECB event.
The pound is firmer against the euro and dollar amidst market positioning ahead of today's U.S. inflation release and Thursday's ECB event.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
More →The U.S. Dollar and Pound Sterling are the two currencies vying for the top of the G10 leader-board ahead of the weekend.
Read more … →It's all about central banks today: We are to hear from the ECB's Draghi and the BoE's Carney, although analysts aren't convinced their appearances in Frankfurt will dwell on subjects that will likโฆ
Read more … →For both the Euro and Pound central bank commentary forms the highlight for the day ahead, while the U.S. Dollar will remain focussed on the mid-week Federal Reserve meeting.
Read more … →Global markets are soft at the start of the new week with Asian shares wobbling amidst fears the U.S.-China trade war won't conclude anytime soon.
Read more … →Data-wise, all eyes are on the Eurozone where survey data is released, and later in the day attention turns to Canada where inflation and retail sales numbers are due for release.
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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