Pound Sterling, a Tax Giveaway and a Near-record August Borrowing Figure
A difficult Autumn budget for the British pound awaits as Prime Minister Andy Burnham contends with above-forecast borrowing and a desire to slash taxes.
A difficult Autumn budget for the British pound awaits as Prime Minister Andy Burnham contends with above-forecast borrowing and a desire to slash taxes.
The consensus is ripe to be challenged.
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 difficult Autumn budget for the British pound awaits as Prime Minister Andy Burnham contends with above-forecast borrowing and a desire to slash taxes.
Foreign Exchange Triggers for the Week Ahead Pound Sterling Risks Further Losses on Bank of England Caution Pound Sterling Under Pressure Post-CPIOil price gains underpin the pound, but Eurozone wage expectations could provide the euro with longer-lasting support.
Pound to Euro Week Ahead Forecast: Oil's Slide Draws Sterling Back to the Pivot Pound-to-Euro Catches a Late Bid on Yield Pickup Pound Sterling Falls After Bank of England Strikes a Dovish TonePound sterling was left softer following midweek inflation numbers, analysts see further losses in the near term.
Burnham's Gen-Z Base Leads Confidence to 2-year Highs Pound Sterling Up-case Reinforced by Rising Consumer Confidence UK Labour Market: Worst Has Passed, But Household Squeeze Can't be AvoidedPound sterling was left softer following midweek inflation numbers, analysts see further losses in the near term.
Bank of England Rate Cuts Will Soon Be Back on the Agenda Pound Passes Bank of England Test Pound Sterling Hangs on Bank of England's Vote SplitThe Pound-to-Dollar rate could stay under pressure while an AI-led Wall Street rally draws capital into U.S. assets.
Pound to Dollar Week Ahead Forecast: Stretched Selloff Due a Brief Reprieve Pound-to-Dollar Stays Pressured While Warsh Fed Holds the Hawkish Line Pound-to-Dollar in Big Drop Following Fed HikeThe Pound to Australian Dollar rate could extend losses if UK rate bets are pared while the RBA tightens.
Pound to Australian Dollar Week Ahead Forecast: Downtrend Back in Charge Pound Faces Headwinds Against Aussie, Loonie and Krone While Oil Stays Above $100 Pound-to-Australian Dollar Short-Term Forecast: Upside Corrective Risks BuildA warning on oil from the RBNZ Governor has pushed markets ahead of the central bank's own rate track.
Pound to New Zealand Dollar Week Ahead Forecast: Rally Stalls Beneath July Peak Pound-to-New Zealand Dollar Short-Term Forecast: Back Above the 100-Day Pivot New Zealand Dollar Upside Capped by the RBNZ's Own Rate TrackThe euro looks set to steady against the dollar, but German power prices and politics leave any recovery vulnerable.
Euro-to-Dollar Week Ahead Forecast: Gas Shock Takes Out the Support Euro Predictions Following the ECB Rate Hike Euro-to-Dollar Short-Term Forecast: Fade ECB ReactionThe British pound's recovery against the Canadian dollar looks fragile, but softer oil could hand it momentum.
GBP/CAD Short-Term Forecast: Staying Bearish Pound-to-Canadian Dollar Week Ahead Forecast: Tariff Story Is Already Priced Canadian Dollar Trade War Playbook from CIBCThe Pound's uptrend against the Swiss Franc has more to give, according to Bank of America, which says both its quantitative signals and the charts point h...
Swiss Franc Most Vulnerable to Oil Spikes: HSBC Pound-Franc On Course to Slide Below Parity: J. Safra Sarasin Swiss Franc Tipped to Make a Comeback by UBS