Pound-to-Euro Week Ahead Forecast: Advantage GBP
The balance of probabilities has shifted further in favour of Pound sterling after GBP/EUR broke above 1.1600 and 1.1630.
The balance of probabilities has shifted further in favour of Pound sterling after GBP/EUR broke above 1.1600 and 1.1630.
"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.
But Burnham Tax Threat a Headwind.
Pound-Euro Powers to 1.17 as Resistance Melts Better Sterling Levels Ahead: Front-line Trader Pound Sterling Eyes Short Window for GainsThe balance of probabilities has shifted further in favour of Pound sterling after GBP/EUR broke above 1.1600 and 1.1630.
Pound-to-Euro Leaps to Highest Level in a Year Citi's New Pound-Euro Forecast Shines Light on Gilt Power Euro's Building Disinflation HeadwindPound 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 InterventionHow will the pound perform against the dollar this week? Technical signals and fundamental developments point to a limited extension of the recovery.
Pound-to-Dollar Rides Jobs Miss to a Two-week Peak Pound Can Hold Stronger Dollar at Bay: Bank of America Dollar to be Boosted by 5 Fed Hikes: TS LombardOur Week Ahead Forecast looks for an extension of GBP/AUD upside.
Australian Dollar: RBA Rate Hike Bets a Fade Says Commerzbank Pound-Australian Dollar Near-term Outlook: Recovery Builds in Confidence Australian Dollar Set for H2 UnderperformanceThe pound holds the technical advantage against the New Zealand dollar, but the RBNZ will have the final say this week.
Pound-New Zealand Dollar Short-term Call: Scope for Retracement Pound-New Zealand Dollar in Decisive Breakout Pound-New Zealand Dollar Week Ahead Forecast: Recovery Encounters TurbulenceOur euro-dollar week ahead forecast looks for strength to remain nothing more than corrective in nature.
AI Boom Offers Dollar Structural Bid: Goldman Sachs Euro-to-Dollar Week Ahead: Mild Bounce & Sintra in Mind Euro-Dollar Recoil Incoming: NordeaIt'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