Pound Sterling at Fresh 16-month High Against Euro
Euro weakness drives sterling to a 16-month best, with resilient UK shoppers keeping November rate hike bets alive.
Euro weakness drives sterling to a 16-month best, with resilient UK shoppers keeping November rate hike bets alive.
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 IMF has lifted its UK growth forecast on AI investment, bringing consensus closer to the view we set out in August.
Pound Sterling Rate Support Builds as Bailey Hardens Stance on Inflation Pound Sterling Boosted by AI Bond Issuance and Investment Boom Pound Sterling Overbought Against Euro, But Setup Remains ConstructiveEuro weakness drives sterling to a 16-month best, with resilient UK shoppers keeping November rate hike bets alive.
Pound Overbought Against Euro: The Week Ahead Forecast Pound-to-Euro Forecasts Raised at Rabobank, France Seen Weighing on EUR GBP/EUR Rally Needs Fresh French Stress to ExtendPound 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 SplitAn on-target U.S. inflation print should be enough to lift the pound against a dollar that has priced in a lot of Fed hawkishness.
New Dollar Highs, Soon? Pound to Dollar Week Ahead Forecast: Vulnerable to Further Weakness Dollar is Dominant as Fed Minutes Back a Year-end HikeSterling 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 CrossfireOversold signals are flashing, but analysts see no trigger that would end the single currency's slide.
Euro Predictions: France-inspired Recovery Scenarios Euro to Dollar Week Ahead Forecast: Short-term Tactical Upside Euro Recovery Tipped by Helaba BankSterling'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