Currency News: UK daily forex news and forecasts
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Pound Sterling Forecast: Rising UK Energy Costs Keep GBP on the Defensive
27 May 2026 at 8 PM - Written by David Woodsmith
STORY LINK Pound Sterling Forecast: Rising UK Energy Costs Keep GBP on the Defensive
The Pound US Dollar (GBP/USD) exchange rate traded without clear direction on Wednesday as investors reacted to fresh optimism surrounding negotiations between the US and Iran.
At the time of writing, GBP/USD was trading at around $1.3442, little changed from the start of the session.
The US Dollar (USD) struggled to gain momentum on Wednesday as improving market sentiment reduced demand for safer assets.
Investor...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Rate Slips as ECB Rate Hike Bets Build
27 May 2026 at 8 PM - Written by Frank Davies
STORY LINK Pound to Euro Rate Slips as ECB Rate Hike Bets Build
The Pound Euro (GBP/EUR) exchange rate softened on Wednesday as changing central bank bets worked in favour of the single currency.
At the time of writing, GBP/EUR was trading at €1.1544, after striking a one-week low earlier in the session.
The Euro (EUR) strengthened on Wednesday as investors continued to price in further interest rate increases from the European Central Bank (ECB).
The latest ECB Financial...
CATEGORIES: Pound Euro Forecasts
British Pound to Euro Forecast: GBP Re-tests 1.16 as ECB Rate Expectations Fade
27 May 2026 at 1 PM - Written by Frank Davies
STORY LINK British Pound to Euro Forecast: GBP Re-tests 1.16 as ECB Rate Expectations Fade
The Pound to Euro exchange rate (GBP/EUR) strengthened back towards the 1.1600 level as investors scaled back expectations for aggressive European Central Bank rate hikes and confidence in the Euro weakened. Sterling also drew support from steady risk appetite and calmer UK bond-market conditions despite lingering political uncertainty surrounding Prime Minister Keir Starmer
GBP/EUR Forecasts: Re-tests 1.16
The Pound to...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Exchange Rate Forecast: GBP Rally Stalls Above 1.35
27 May 2026 at 1 PM - Written by David Woodsmith
STORY LINK Pound to Dollar Exchange Rate Forecast: GBP Rally Stalls Above 1.35
The Pound to Dollar exchange rate (GBP/USD) pushed to fresh 10-day highs above 1.3500 as improving risk sentiment and hopes for progress in US-Iran negotiations weighed on the US Dollar. However, Sterling struggled to hold gains as investors remained cautious over geopolitical risks, elevated US yields and the prospect of a less dovish Federal Reserve.
GBP/USD Forecasts: Retreats from 10-day highs
As UK and US markets...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Muted as Middle East Risks Weigh on Sentiment
26 May 2026 at 10 PM - Written by Frank Davies
STORY LINK Pound to Euro Muted as Middle East Risks Weigh on Sentiment
The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Tuesday as a sparse data calendar left both currencies without a clear catalyst.
At the time of writing, GBP/EUR was trading at €1.1580, down roughly 0.15% on the day.
The Pound (GBP) traded in a narrow range on Tuesday, as a risk-off market mood limited demand for the increasingly risk-sensitive UK currency.
However, Sterling was able to hold its...
CATEGORIES: Pound Euro Forecasts
GBP/USD Forecast: US Dollar Strengthens after Fresh US Action in Iran
26 May 2026 at 10 PM - Written by David Woodsmith
STORY LINK GBP/USD Forecast: US Dollar Strengthens after Fresh US Action in Iran
The Pound to US Dollar (GBP/USD) exchange rate edged lower on Tuesday as renewed instability in the Middle East encouraged investors to seek shelter in safer assets.
The GBP/USD exchange rate traded around $1.3480 at the time of writing, down roughly 0.2% from the start of the session as market caution intensified.
The US Dollar (USD) firmed on Tuesday after reports emerged of fresh US military action targeting sites in...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Week Ahead Forecast: Fed Expectations and UK Risks Weigh on GBP
26 May 2026 at 8 AM - Written by James Fuller
STORY LINK Pound to Dollar Week Ahead Forecast: Fed Expectations and UK Risks Weigh on GBP
The Pound to Dollar exchange rate (GBP/USD) remained under pressure as investors favoured the US Dollar amid resilient American economic data, elevated Treasury yields and fading expectations for Federal Reserve interest-rate cuts. With UK political uncertainty and questions over the Bank of England’s next move lingering in the background, Sterling faces a challenging near-term environment despite pockets of...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Forecast: EUR/USD Slides as Dollar Regains Momentum
26 May 2026 at 8 AM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast: EUR/USD Slides as Dollar Regains Momentum
The Euro to Dollar exchange rate (EUR/USD) came under renewed pressure during the week, slipping below 1.1600 as rising US yields, persistent inflation concerns and stronger demand for the dollar weighed on the single currency.
While some banks continue to forecast a stronger Euro over the medium term, investors have become increasingly cautious as expectations for Federal Reserve rate cuts fade and evidence of slowing...
CATEGORIES: Euro Dollar Forecasts
Pound-to-Euro Forecast: GBP Recovery Gains Momentum Despite Weak UK Data
26 May 2026 at 8 AM - Written by David Woodsmith
STORY LINK Pound-to-Euro Forecast: GBP Recovery Gains Momentum Despite Weak UK Data
The Pound to Euro exchange rate (GBP/EUR) proved surprisingly resilient during the week, holding above 1.1550 despite a run of softer UK economic data and growing doubts over the scale of future Bank of England interest-rate increases.
Sterling benefited from an easing of immediate political fears after Andy Burnham pledged support for existing fiscal rules, helping reverse some of the sharp losses triggered by concerns...
CATEGORIES: Pound Euro Forecasts
GBP/EUR Outlook: Euro Weakness Offsets UK Economic Concerns
25 May 2026 at 7 AM - Written by Frank Davies
STORY LINK GBP/EUR Outlook: Euro Weakness Offsets UK Economic Concerns
The Pound to Euro exchange rate (GBP/EUR) remained close to 10-day highs near 1.1565 despite another run of disappointing UK economic releases, as weakness in the Euro helped offset concerns over the domestic outlook.
Sterling shrugged off weaker retail sales and a larger-than-expected borrowing requirement, with investors instead focusing on growing doubts over Eurozone growth and whether the European Central Bank can...
CATEGORIES: Pound Euro Forecasts