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 data calendar is a lot lighter today than it has been over recent days with the highlight being US ISM and ADP numbers out of the US this afternoon. Politics will remain in control of Sterling โฆ
Read more … →Services PMI numbers form the highlight for UK markets midweek while eyes will shift across the Atlantic in early afternoon for US data while later in the day the Bank of Canada decision steals theโฆ
Read more … →US and Canadian markets are back in play today, as are UK politicians. We would expect Brexit-related headlines to be plentiful while the Bank of England's Mark Carney steals the spotlight at 13:15โฆ
Read more … →Manufacturing PMI releases dominate the calendar today with Canada and the US on holiday.
Read more … →Foreign exchange markets are focussing on the latest salvo fired by US President Donald Trump in his crusade to reshape global trade dynamics. His most recent attack is focussed on China, the Europโฆ
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.
Pound Sterling Underpricing Burnham Election Risk Warn Analysts Pound Can Bank on a Rate Hike to Deliver Summer Gains Against Euro Pound Sterling's Secret Support: Nobody Likes ItThe pound rises against the euro into the ECB event, but that sets it up for a pullback in the event of a 'hawkish' outcome.
Pound-to-Euro Week Ahead Forecast: Rising into the Barrier Pound-Euro Volatility at Decades Low, But Beware Complacency ABN AMRO Cuts Pound-to-Euro Forecast, Cites Bank of England HoldPound 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 pound is firmer against the euro and dollar amidst market positioning ahead of today's U.S. inflation release and Thursday's ECB event.
Dollar's Cyclical Powers Return: HSBC FX Today: USD Retreats, NZD Tops the Table Pound-to-Dollar Week Ahead Forecast: Prodding Lower, CPI in FocusThe 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: LloydsFor GBP/NZD, a break above 2.3000 would signal a more meaningful bullish shift.
Pound-New Zealand Dollar Eyes Trendline at 2.30 Pound-New Zealand Dollar This Week: Downside to Fade into 2.24 New Zealand Dollar Outlook Tilts on RBNZ's Hawkish ShiftEuro 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 CommerzbankCAD tipped to stabilise ahead of potential recovery on medium-term horizon.
Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the Line GBP/CAD Fails at Major Barrier Following Impressive Canadian Jobs Report Big Test Ahead for Pound-Canadian Dollar RallyResearch 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