Pound Overbought Against Euro: The Week Ahead Forecast
Sterling's overbought rally against the euro faces consolidation, with French debt stress deciding whether gains extend.
Sterling's overbought rally against the euro faces consolidation, with French debt stress deciding whether gains extend.
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.
The Bank of England Governor signals waning patience with energy-driven inflation, firming the case for a November rate hike.
Pound Sterling Boosted by AI Bond Issuance and Investment Boom Pound Sterling Overbought Against Euro, But Setup Remains Constructive France's Debt Woes Cast Burnham's Britain in a Positive LightSterling's overbought rally against the euro faces consolidation, with French debt stress deciding whether gains extend.
Pound-to-Euro Forecasts Raised at Rabobank, France Seen Weighing on EUR GBP/EUR Rally Needs Fresh French Stress to Extend Pound Hits 1-year High Against EuroPound 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 SplitThe dollar's pause faces Wednesday's US inflation test, with the pound's recoveries likely to stay shallow.
Dollar is Dominant as Fed Minutes Back a Year-end Hike Dollar Positioning No Headwind: Lloyds GBP/USD Week Ahead Forecast: Staying Under PressureSterling sits at the centre of its Australian dollar range, with even odds on the next leg.
Australian Dollar Forecasts Raised at CBA GBP/AUD Week Ahead Forecast: AUD Medium-term Strengths Shine Bright GBP/AUD Surges on Soft Core Inflation, Pared-back RBA Hike OddsSterling's surge to multi-year highs against the kiwi looks set to extend, but pullback risks are building.
Stay Cautious on New Zealand Dollar says MUFG GBP/NZD at Highest Since 2015 GBP/NZD Eyes July Peak as Kiwi Caught in Trans-Tasman Rates CrossfireFrench debt stress keeps the euro under pressure, though oversold conditions and positioning argue for a pause.
Euro Recovery Tipped by Helaba Bank Euro-Dollar Sub-1.10? Euro Predictions: The Worst Has Passed says ABN AMROSterling'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