Pound-to-Euro Week Ahead Forecast: Sterling is Overbought
The week ahead forecast finds the balance of probabilities favours further gains towards 1.1750, but overbought conditions suggest the recent rally has overextended.
The week ahead forecast finds the balance of probabilities favours further gains towards 1.1750, but overbought conditions suggest the recent rally has overextended.
"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.
Pound Sterling's rate story is a bit of a win-win suggests new Bank of New York analysis.
Pound Not Prepared for Burnham Risks says Ebury Pound Hits a "Purple Patch" Pound Sterling Holds Highs, Burnham Talks TaxThe week ahead forecast finds the balance of probabilities favours further gains towards 1.1750, but overbought conditions suggest the recent rally has ove...
Pound's Advance Against Euro Helped by New Middle East Tensions Pound Sterling Strikes One-year Best Pound-to-Euro Week Ahead Forecast: Advantage GBPPound 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 British pound is on a softer footing as a recent recovery sequence looks to be faltering.
Dollar Regains the Edge Thanks to Geopolitics Pound-to-Dollar Week Ahead Forecast: The Recovery Must Prove Itself Pound-to-Dollar Rides Jobs Miss to a Two-week PeakThe pound shows some hesitation as an important graphical resistance line approaches, but the global picture remains supportive.
Pound-to-Australian Dollar: Further Gains Possible Australian Dollar: RBA Rate Hike Bets a Fade Says Commerzbank Pound-Australian Dollar Near-term Outlook: Recovery Builds in ConfidenceThe GBP/NZD week ahead forecast looks for further near-term weakness.
New Zealand Dollar: Scope for Appreciation New Zealand Dollar to Turn Higher on RBNZ Resolve Why RBNZ Rate Hike Won't Boost the New Zealand DollarThe euro manages to hold above $1.14 as oil marches on towards $80/b on US/Iran escalation.
Euro-Dollar Relief in H2 Show ING Forecasts Euro-Dollar Forecasts Cut at Goldman Sachs Euro-to-Dollar: What this Week Will BringGBP/CAD has broken decisively above the 1.8842-1.8915 resistance zone, extending the bullish trend that has been building since late May.
Pound-Canadian Dollar Rate at Decade Highs Pound-Canadian Dollar Near-Term Forecast: Unsustainably Strong? Canadian Dollar to Recover as USD Rally Stretches: TD SecuritiesResearch 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