Pound-to-Euro Weekly Outlook: Looking Higher as Political Risks Fade
Pound sterling holds a constructive setup ahead of a week that will be dominated by UK political and central banking developments.ย
Pound sterling holds a constructive setup ahead of a week that will be dominated by UK political and central banking developments.ย
"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.
Beware chasing the recovery say analysts at the Wall Street bank.
PMI Data Signals Economic Headwins for the Pound Pound Sterling Faces Uncertain Summer Thanks to Starmer's Exit Pound Vulnerable to a Radical BurnhamismPound sterling holds a constructive setup ahead of a week that will be dominated by UK political and central banking developments.ย
Pound-to-Euro Defies Sombre Forecasts Pound Sterling Underpricing Miliband Chancellorship Pound-to-Euro at 10-Month HighPound 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 InterventionDollar can give back some recent gains, Thursday's jobs report and Warsh appearance in Sintra the focus.
Dollar's Warsh Boost Nears its Limits: Crรฉdit Agricole Pound-to-Dollar Recovery Nears Dollar Forecast Lifted by JP MorganThe pound is looking increasingly firm-footed against its Australian cousin.
Australian Dollar Set for H2 Underperformance Australian Dollar Loses Rates Tailwind: Commerzbank Australian Dollar Won't Be Hampered by On-Hold RBA says StrategistA USD bullrun looks to have hit NZD particularly hard.
Pound-New Zealand Dollar Week Ahead Forecast: Recovery Encounters Turbulence Pound-to-New Zealand Dollar Week Ahead Forecast: Building Bullishness Pound-New Zealand Dollar Eyes Trendline at 2.30The euro can recover some lost ground this week, but the setup remains overall bearish.
Euro-Dollar Recoil Incoming: Nordea Euro-Dollar Drops to August Lows: PMIs Underpin Lagarde's Dovish Tilt Euro-Dollar Faces a Damp Summer: BofAThe Canadian dollar can recover against the U.S. dollar as the greenbackโs latest rally starts to look stretched, according to TD Securities.
Pound-to-Canadian Dollar Forecast: Something for the Bulls Canadian Dollar Undervalued: Scotiabank Pound-to-Canadian Dollar Week Ahead Forecast: BoC to Helps Hold the LineResearch 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