Pound-to-Euro Defies Sombre Forecasts
Pound sterling is on the cusp of a breakout against the euro, and in doing so is defying the non-believers in the analyst community.
Pound sterling is on the cusp of a breakout against the euro, and in doing so is defying the non-believers in the analyst community.
"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.
Beware chasing the recovery say analysts at the Wall Street bank.
PMI Data Signals Economic Headwins for the Pound Pound Sterling Faces Uncertain Summer Thanks to Starmer's Exit Pound Vulnerable to a Radical BurnhamismPound sterling is on the cusp of a breakout against the euro, and in doing so is defying the non-believers in the analyst community.
Pound Sterling Underpricing Miliband Chancellorship Pound-to-Euro at 10-Month High Pound Sterling in Early Burnham BouncePound 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 InterventionCrรฉdit Agricole's bullish USD stance has been vindicated, but "we conclude that there could be only limited further upside for the USD."
Pound-to-Dollar Recovery Nears Dollar Forecast Lifted by JP Morgan Pound-Dollar Could Soon Test the Big 1.30 LevelThe Australian Dollar's interest rate tailwinds are set to fade, which should alleviate downside pressures on GBP/AUD.
Australian Dollar Loses Rates Tailwind: Commerzbank Australian Dollar Won't Be Hampered by On-Hold RBA says Strategist Pound-Australian Dollar Week Ahead Outlook: Recovery Rolls OverA USD bullrun looks to have hit NZD particularly hard.
Pound-New Zealand Dollar Week Ahead Forecast: Recovery Encounters Turbulence Pound-to-New Zealand Dollar Week Ahead Forecast: Building Bullishness Pound-New Zealand Dollar Eyes Trendline at 2.30Strategists at Nordea Bank say euro-dollar will cross 1.20 next year.
Euro-Dollar Drops to August Lows: PMIs Underpin Lagarde's Dovish Tilt Euro-Dollar Faces a Damp Summer: BofA Citi: Sell Euro-Dollar Rallies, Even if Warsh Fails the HawksThe Canadian dollar can recover against the U.S. dollar as the greenbackโs latest rally starts to look stretched, according to TD Securities.
Pound-to-Canadian Dollar Forecast: Something for the Bulls Canadian Dollar Undervalued: Scotiabank Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the LineResearch 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