Pound-to-Euro Now Well Above Bank Forecast Targets
Pound sterling is currently buying more euros than the institutional consensus expects it to over the coming quarters.
Pound sterling is currently buying more euros than the institutional consensus expects it to over the coming quarters.
"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 cost of government borrowing is a development worth watching.
Pound Sterling, the Euro and 'Bad' Rate Hikes Pound Not Prepared for Burnham Risks says Ebury Pound Hits a "Purple Patch"Pound sterling is currently buying more euros than the institutional consensus expects it to over the coming quarters.
Pound-to-Euro Week Ahead Forecast: Sterling is Overbought Pound's Advance Against Euro Helped by New Middle East Tensions Pound Sterling Strikes One-year BestPound 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 InterventionAnalysts are warning today that a new phase of U.S. Dollar outperformance could be unfolding.
Pound-to-Dollar Week Ahead Forecast: Recovery Hits the Buffers Dollar Regains the Edge Thanks to Geopolitics Pound-to-Dollar Week Ahead Forecast: The Recovery Must Prove ItselfThe pound shows some hesitation as an important graphical resistance line approaches, but the global picture remains supportive.
Pound-to-Australian Dollar: Further Gains Possible Australian Dollar: RBA Rate Hike Bets a Fade Says Commerzbank Pound-Australian Dollar Near-term Outlook: Recovery Builds in ConfidenceThe messaging and the maths all point the same way: and that's in NZD's favour.
Pound vs. New Zealand Dollar: The Coming Week New Zealand Dollar: Scope for Appreciation New Zealand Dollar to Turn Higher on RBNZ ResolveThe euro manages to hold above $1.14 as oil marches on towards $80/b on US/Iran escalation.
Euro-Dollar Relief in H2 Show ING Forecasts Euro-Dollar Forecasts Cut at Goldman Sachs Euro-to-Dollar: What this Week Will BringGBP/CAD has broken decisively above the 1.8842-1.8915 resistance zone, extending the bullish trend that has been building since late May.
Pound-Canadian Dollar Rate at Decade Highs Pound-Canadian Dollar Near-Term Forecast: Unsustainably Strong? Canadian Dollar to Recover as USD Rally Stretches: TD SecuritiesThe 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