Burnham's Win is in the Price of a Pound, His Policies Are Not
The favourite for the Makerfield win is expected to flesh out policy aims, and that's where the risk is.
The favourite for the Makerfield win is expected to flesh out policy aims, and that's where the risk is.
"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 favourite for the Makerfield win is expected to flesh out policy aims, and that's where the risk is.
Pound Sterling Won't be Spooked by Burnham Win on Thursday Pound Sterling Shored Up by Sentiment Upswing, But Macro Headwinds Linger London FX Open: GBP Firm Amidst Renewed Iran EscalationAnalysts at CIBC Capital Markets say don't discount a post-Makerfield move.
Pound-to-Euro Week Ahead Forecast: Why Trump's Peace Deal is a Headwind Euro Banks on Two More ECB Cuts, It Might Not Get it Pound-to-Euro Still Looks Like it Wants to Go HigherPound sterling's next hurdle is PMI data for May, due mid-morning London time.
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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 Intervention The British pound can extend a recent recovery against the dollar in the coming days, helped by supportive geopolitical developments. Watch the Fed...
GBP/USD Forecast Update: The Selloff Has Suffered a Setback Why Pound-Dollar Rose After Strong U.S. Inflation Print London FX Open: GBP Rises, USD Subdued Ahead of 2 Key EventsThe Reserve Bank of Australia is tipped to keep interest rates on hold, but that won't stop an AUD recovery, says one analyst.
Pound-Australian Dollar Week Ahead Outlook: Recovery Rolls Over Australian Dollar Weakness Propels GBP/AUD To Major Level Australian Dollar Looking Fragile: LloydsGBP/NZD set for a pullback, but it's too soon to expect a meaningful decline.
Pound-to-New Zealand Dollar Week Ahead Forecast: Building Bullishness Pound-New Zealand Dollar Eyes Trendline at 2.30 Pound-New Zealand Dollar This Week: Downside to Fade into 2.24The dollar won't suffer a lasting Warsh penalty, say Citi's FX strategists.
Euro-to-Dollar Forecast for the Week Ahead: Recovery Scoped The Bull Case for Europe is Growing: BNP Paribas Euro Downside Risks on 'Dovish' ECB HikeGBP/CAD enters the new week having delivered the breakout bulls were looking for.
Canadian Dollar Undervalued: Scotiabank Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the Line GBP/CAD Fails at Major Barrier Following Impressive Canadian Jobs ReportResearch 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