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 Pound will be watching retail numbers mid-morning but Brexit developments from the EU summit in Salzburg remain a key consideration. Global sentiment is meanwhile constructive, ensuring the Dolโฆ
Read more … →The British Pound will be subject to inflation data today while the US Dollar awaits current account and building starts. Overall risk sentiment is proving supportive to the likes of the New Zealanโฆ
Read more … →The Dollar and currency markets in general have shown a lacklustre response to the latest moves on Chinese imports by the US administration. The Pound will today be eyeing Brexit developments in Brโฆ
Read more … →The global picture will be important at the start of the week owing to both a thin calendar and thin trading conditions in Asia thanks to Typhoon Mangkhut and a Japanese public holiday.
Read more … →Unless we receive any developments pertaining to global trade from the White House today we see little reason why the US Dollar will suffer a weekly decline.
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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