Pound Forecast to "Grind" Lower Against Euro: Rabobank
A leading European bank predicts the pound will eventually succumb to the euro.
A leading European bank predicts the pound will eventually succumb to the euro.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
More →The calendar is empty today save for the RBNZ decision, yet the Pound continues to edge lower and the Dollar's broad-based rally remains on pause. Markets will be watching developments in Italy andโฆ
Read more … →The Australian Dollar is in focus in the wake of the RBA decision but an empty economic calendar today means global sentiment and nuances will be in charge. Here's what to watch.
Read more … →The China-US tariff war is the key geopolitical event concerning markets on a day that is devoid of any major calendar releases.
Read more … →Foreign exchange market report for the morning of August 03.
Read more … →The global backdrop remains tetchy with US Trade Representative Robert Lighthizer officially stating that the Trump administration is considering increasing the tariffs from 10% to 25% on UDS200bn โฆ
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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