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 US Dollar rose a fraction during early trading, placing the Pound and Euro under pressure, although the move was not enought to offset losses wracked up overnight when two of President Donald Tโฆ
Read more … →The Dollar fell broadly Tuesday after President Donald Trump lashed out at the Federal Reserve for its tightening of US monetary policy leading markets to fear a slowdown in the pace at which the cโฆ
Read more … →The US Dollar edged higher Monday as traders took up positions at the beginning of what is set to be an action-packed week for currency markets, with the China-US trade war and Federal Reserve moneโฆ
Read more … →The US Dollar continued its nascent correction lower during early trading Thursday, appearing to thumb its nose at supportive comments from President Donald Trump, enabling other currencies to contโฆ
Read more … →The US Dollar declined broadly during early trading Thursday, throwing a lifeline to other G10 currencies that have been crushed by a weak of heavy losses, as traders respond to a recovery of the Tโฆ
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