Pound Can Bank on a Rate Hike to Deliver Summer Gains Against Euro
The odds of a July rate hike by the Bank of England are underappreciated by the market, which offers summer support for the British pound.
The odds of a July rate hike by the Bank of England are underappreciated by the market, which offers summer support for the British pound.
Seasonality and politics are against the pound.
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 odds of a July rate hike by the Bank of England are underappreciated by the market, which offers summer support for the British pound.
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