Pound-to-Euro Week Ahead Forecast: Trump's Peace Deal Presents Downside Risks
Pound sterling will be watching Iran peace deal developments, the Bank of England and the Makerfield by-election.
Pound sterling will be watching Iran peace deal developments, the Bank of England and the Makerfield by-election.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
More →The British Pound was the standout performer of the past 24 hours and we are looking for positive momentum to extend. However, it is a busy day for data releases and we will be watching the Euro, Dโฆ
Read more … →Foreign exchange markets see little by way of economic data on tap today, save for the US where a GDP revision and housing numbers are due. Month-end flows will become increasingly important ahead โฆ
Read more … →The Canadian Dollar is a prime focus for markets now that it appears progress is being made on NAFTA. The Pound could meanwhile be in for some further Brexit-related turbulence today.
Read more … →The US Dollar eased lower, enabling the Pound, Euro and other currencies to edge higher, during the morning session Friday as traders took up positions ahead of an eagerly awaited address by Federaโฆ
Read more … →The US Dollar rose into the Thursday session as financial markets shifted into "risk-off" mode ahead of planned talks between White House trade representatives and Chinese officials, which saw bothโฆ
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.
The pound could even end the week higher against the euro and dollar than where it started.
Pound Sterling Shored Up by Sentiment Upswing, But Macro Headwinds Linger London FX Open: GBP Firm Amidst Renewed Iran Escalation Pound Forecast to "Grind" Lower Against Euro: RabobankPound sterling will be watching Iran peace deal developments, the Bank of England and the Makerfield by-election.
Euro Banks on Two More ECB Cuts, It Might Not Get it Pound-to-Euro Still Looks Like it Wants to Go Higher GBP/EUR at Risk of ECB SetbackPound 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-to-dollar dropped notably last week in the wake of a run of stronger-than-expected U.S. data.
Why Pound-Dollar Rose After Strong U.S. Inflation Print London FX Open: GBP Rises, USD Subdued Ahead of 2 Key Events Dollar's Cyclical Powers Return: HSBCAustralian dollar weakness is building as the market pivots towards expecting Fed rate hikes.
Australian Dollar Looking Fragile: Lloyds Pound-Australian Dollar Week Ahead: Further Recovery Seen Pound-Australian Dollar Near-term Outlook Underpinned by Firming BaseFor 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 Shift"Europe is quietly preparing to emerge from its post-pandemic underwater years like a nymph turns into a stunning dragonfly" - BNP Paribas.
Euro Downside Risks on 'Dovish' ECB Hike Euro-to-Dollar Week Ahead Forecast: Sellers in Control Euro-Dollar Risks 1.15 Next: INGCAD 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