Pound Sterling's Impressive GDP Growth Story Underpins Our House View
Official data confirms the pound is supported by resilient growth that defies consensus, as we called in the summer.
Official data confirms the pound is supported by resilient growth that defies consensus, as we called in the summer.
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.
Official data confirms the pound is supported by resilient growth that defies consensus, as we called in the summer.
Pound Sterling's AI Growth Story Gets IMF Confirmation Pound Sterling Rate Support Builds as Bailey Hardens Stance on Inflation Pound Sterling Boosted by AI Bond Issuance and Investment BoomSterling's run against the euro stalled at a fresh high on the US inflation print, with mean reversion now the base case.
Pound-to-Euro Forecast Upgraded at ING as Sterling Now Preferred Pound Sterling at Fresh 16-month High Against Euro Pound Overbought Against Euro: The Week Ahead ForecastPound 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 SplitA broad-based upside surprise in core inflation pulls the Fed's next hike forward and knocks the pound back towards its 2026 lows.
Pound-Dollar: Looking for U.S. Inflation Boost New Dollar Highs, Soon? Pound to Dollar Week Ahead Forecast: Vulnerable to Further WeaknessHawkish minutes from the Reserve Bank of Australia have put another interest rate hike back on the table.
Pound to Australian Dollar Week Ahead Forecast: Equilibrium at the 100-Day Australian Dollar Forecasts Raised at CBA GBP/AUD Week Ahead Forecast: AUD Medium-term Strengths Shine BrightThe weak currency is lifting New Zealand inflation, and markets already expect the RBNZ to respond.
Pound to New Zealand Dollar Week Ahead Forecast: Fresh Highs Likely, Pullback Risk High Stay Cautious on New Zealand Dollar says MUFG GBP/NZD at Highest Since 2015Hotter underlying US price growth has pushed the single currency to a fresh 17-month low, and strategists see the dollar's rate support strengthening.
EUR/USD at 15-month Lows Euro Predictions: France-inspired Recovery Scenarios Euro to Dollar Week Ahead Forecast: Short-term Tactical UpsideSterling's steady October gains against the Canadian dollar show no sign of overextension after weak Canadian jobs data.
GBP/CAD Week Ahead Forecast: Breakout Points to Further Gains GBP/CAD Gains Look a Fade: Scotiabank Backs Canadian Dollar Resilience Pound to Canadian Dollar Week Ahead Forecast: Firm Oil Keeps Sterling CappedPound-franc exchange rate's uptrend firmly entrenched.
Pound-Franc Gains Have Further to Run: BofA Swiss Franc Most Vulnerable to Oil Spikes: HSBC Pound-Franc On Course to Slide Below Parity: J. Safra Sarasin