Pound Sterling Eyes Short Window for Gains
British pound can experience a period of outperformance as political and fiscal risks are pushed into the Autumn.
British pound can experience a period of outperformance as political and fiscal risks are pushed into the Autumn.
"Burnhamโs clear preference for an expansionary fiscal stance, higher taxation and larger gilt issuance present a downside risk to markets"
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.
British pound can experience a period of outperformance as political and fiscal risks are pushed into the Autumn.
Pound's Strength A Classic Short-squeeze Says Goldman Sachs PMI Data Signals Economic Headwins for the Pound Pound Sterling Faces Uncertain Summer Thanks to Starmer's Exitย ย Inflation trends question the need for further ECB rate hikes, posing renewed headwinds for the euro.
Pound-to-Euro Weekly Outlook: Looking Higher as Political Risks Fade Pound-to-Euro Defies Sombre Forecasts Pound Sterling Underpricing Miliband ChancellorshipPound 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.
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Australian Dollar Set for H2 Underperformance Australian Dollar Loses Rates Tailwind: Commerzbank Australian Dollar Won't Be Hampered by On-Hold RBA says StrategistThe pound-to-New Zealand dollar rate could retrace some recent gains, but NZD headwinds remain significant.
Pound-New Zealand Dollar in Decisive Breakout Pound-New Zealand Dollar Week Ahead Forecast: Recovery Encounters Turbulence Pound-to-New Zealand Dollar Week Ahead Forecast: Building BullishnessThe euro can recover some lost ground this week, but the setup remains overall bearish.
Euro-Dollar Recoil Incoming: Nordea Euro-Dollar Drops to August Lows: PMIs Underpin Lagarde's Dovish Tilt Euro-Dollar Faces a Damp Summer: BofAIt's been a strong run, but GBP/CAD above 1.88 has rarely proved sustainable.
Canadian Dollar to Recover as USD Rally Stretches: TD Securities Pound-to-Canadian Dollar Forecast: Something for the Bulls Canadian Dollar Undervalued: ScotiabankResearch 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