Pound Sterling Shored Up by Sentiment Upswing, But Macro Headwinds Linger
Middle East peace hopes massage oil prices lower, but UK's GDP slowdown points to macro headwinds further out.
Middle East peace hopes massage oil prices lower, but UK's GDP slowdown points to macro headwinds further out.
"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.
Middle East peace hopes massage oil prices lower, but UK's GDP slowdown points to macro headwinds further out.
London FX Open: GBP Firm Amidst Renewed Iran Escalation Pound Forecast to "Grind" Lower Against Euro: Rabobank Pound Sterling Underpricing Burnham Election Risk Warn AnalystsIt's not hard to see euro downside risks materialising in the wake of the ECB's June decision.
Pound-to-Euro Still Looks Like it Wants to Go Higher GBP/EUR at Risk of ECB Setback Pound-to-Euro Week Ahead Forecast: Rising into the BarrierPound 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 Pound-to-dollar dropped notably last week in the wake of a run of stronger-than-expected U.S. data.
Why Pound-Dollar Rose After Strong U.S. Inflation Print London FX Open: GBP Rises, USD Subdued Ahead of 2 Key Events Dollar's Cyclical Powers Return: HSBCAustralian dollar weakness is building as the market pivots towards expecting Fed rate hikes.
Australian Dollar Looking Fragile: Lloyds Pound-Australian Dollar Week Ahead: Further Recovery Seen Pound-Australian Dollar Near-term Outlook Underpinned by Firming BaseFor GBP/NZD, a break above 2.3000 would signal a more meaningful bullish shift.
Pound-New Zealand Dollar Eyes Trendline at 2.30 Pound-New Zealand Dollar This Week: Downside to Fade into 2.24 New Zealand Dollar Outlook Tilts on RBNZ's Hawkish Shift"Europe is quietly preparing to emerge from its post-pandemic underwater years like a nymph turns into a stunning dragonfly" - BNP Paribas.
Euro Downside Risks on 'Dovish' ECB Hike Euro-to-Dollar Week Ahead Forecast: Sellers in Control Euro-Dollar Risks 1.15 Next: INGCAD tipped to stabilise ahead of potential recovery on medium-term horizon.
Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the Line GBP/CAD Fails at Major Barrier Following Impressive Canadian Jobs Report Big Test Ahead for Pound-Canadian Dollar RallyResearch 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