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 Australian Dollar is the biggest mover today thus far but the Pound is back in focus with inflation data coming on tap while the Dollar will be watching retail sales and industrial production nโฆ
Read more … →We will be watching developments in Turkey from a global perspective today, domestically UK employment and wage data will steal the focus. In the Eurozone we have some key sentiment indicators out โฆ
Read more … →Capital is flowing into safe-haven assets like the Dollar and Japanese Yen at the start of the new week as the situation in Turkey gives traders a reason to reduce positions in riskier assets.
Read more … →There is a notable amount of data on the calendar today so expect triggers at set points in the day. There is a deluge out of the UK at 09:30 while the US and Canada steal the limelight in early afโฆ
Read more … →GBP tipped to remain under pressure over ongoing 'no deal' Brexit concerns, the NZD is underperforming on an underwhelming RBNZ event and the CAD looks to put Saudi Arabian induced volatilityโฆ
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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