Pound-Euro Powers to 1.17 as Resistance Melts
The pound-to-euro has risen to its highest level in a year.
The pound-to-euro has risen to its highest level in a year.
"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.
The pound-to-euro has risen to its highest level in a year.
Better Sterling Levels Ahead: Front-line Trader Pound Sterling Eyes Short Window for Gains Pound's Strength A Classic Short-squeeze Says Goldman SachsIt was this time last year when the pound-to-euro traded at 1.1638.
Citi's New Pound-Euro Forecast Shines Light on Gilt Power Euro's Building Disinflation Headwind Pound-to-Euro Weekly Outlook: Looking Higher as Political Risks FadePound 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 InterventionU.S. dollar falls as traders caught wrong-footed heading into the June jobs report.
Pound Can Hold Stronger Dollar at Bay: Bank of America Dollar to be Boosted by 5 Fed Hikes: TS Lombard Pound-to-Dollar This Week: 'Revenge Bounce', Jobs and Warsh in FocusExpectations for another Reserve Bank of Australia interest rate hike this year are misplaced, according to Commerzbank.
Pound-Australian Dollar Near-term Outlook: Recovery Builds in Confidence Australian Dollar Set for H2 Underperformance Australian Dollar Loses Rates Tailwind: CommerzbankThe 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 BullishnessForeign demand for AI exposure is proving an additional tailwind for the dollar.
Euro-to-Dollar Week Ahead: Mild Bounce & Sintra in Mind Euro-Dollar Recoil Incoming: Nordea Euro-Dollar Drops to August Lows: PMIs Underpin Lagarde's Dovish TiltIt'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