Currency News: UK daily forex news and forecasts
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Pound to Euro Rangebound Ahead of BoE and ECB
17 Mar 2026 at 8 PM - Written by Tim Boyer
STORY LINK Pound to Euro Rangebound Ahead of BoE and ECB
The Pound Euro (GBP/EUR) exchange rate traded sideways on Tuesday, with markets largely shrugging off weak German data as attention shifted to upcoming central bank announcements.
At the time of writing, GBP/EUR hovered around €1.1582, having moved within a tight range throughout the session.
The Pound traded in a narrow range, with a lack of fresh UK economic releases leaving Sterling directionless.
Investor...
CATEGORIES: Pound Euro Forecasts
Pound Sterling Steady after Reeves Growth Plan as Dollar Drifts Lower
17 Mar 2026 at 8 PM - Written by David Woodsmith
STORY LINK Pound Sterling Steady after Reeves Growth Plan as Dollar Drifts Lower
The Pound to US Dollar (GBP/USD) exchange rate ticked higher on Tuesday, supported by a generally constructive tone in global markets.
At the time of writing, GBP/USD was trading around $1.3334, slightly firmer than at the start of the session.
The US Dollar continued to edge down, extending its recent pullback as demand for safe-haven assets eased.
The ‘Greenback’ came under pressure at the start of the week as...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Forecast: GBP/EUR Fails at 1.16 Ahead of BoE Decision
17 Mar 2026 at 1 PM - Written by Frank Davies
STORY LINK Pound to Euro Forecast: GBP/EUR Fails at 1.16 Ahead of BoE Decision
The Pound to Euro exchange rate (GBP/EUR) struggled to sustain gains above 1.16, slipping back toward 1.1565 as markets turned cautious ahead of key Bank of England and ECB policy decisions.
With energy prices elevated and rate-cut expectations shelved, traders are bracing for central bank guidance that could shape near-term Sterling direction amid ongoing geopolitical uncertainty.
GBP/EUR Forecasts: Unable to Hold...
CATEGORIES: Pound Euro Forecasts
Pound Sterling to Dollar Forecast: 1.3220 Support Under Pressure
17 Mar 2026 at 11 AM - Written by David Woodsmith
STORY LINK Pound Sterling to Dollar Forecast: 1.3220 Support Under Pressure
The Pound to Dollar exchange rate (GBP/USD) attempted a modest recovery after sliding to 14-week lows near 1.3220, but gains remained limited as elevated oil prices and geopolitical tensions continued to support the US dollar.
With energy markets still under strain and central bank decisions looming, Sterling remains vulnerable to further downside unless risk appetite improves and oil prices retreat.
GBP/USD Forecasts:...
CATEGORIES: Pound Dollar Forecasts
GBP/USD Forecast: US Dollar Softens as Oil Supply Fears Ease
16 Mar 2026 at 9 PM - Written by Frank Davies
STORY LINK GBP/USD Forecast: US Dollar Softens as Oil Supply Fears Ease
The Pound to US Dollar (GBP/USD) exchange rate opened the week on firmer footing as markets responded to signs that the disruption to shipping in the Strait of Hormuz could soon be addressed.
At the time of writing, GBP/USD was trading close to $1.3269, up around 0.4% from Monday’s opening level.
The US Dollar slipped slightly as investor sentiment improved following reports that an international naval coalition may be...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Dips
16 Mar 2026 at 9 PM - Written by David Woodsmith
STORY LINK Pound to Euro Dips
The Pound Euro (GBP/EUR) exchange rate ticked slightly lower as investors continued to assess the latest developments in the war in Iran and the potential implications for the global economy.
At the time of writing, GBP/EUR was trading at around €1.1565, down marginally from its opening levels.
The Euro edged higher as investors responded to the latest headlines surrounding the crisis in the Middle East.
Market...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast: Oil Spike Drives EUR/USD to 7-Month Lows
16 Mar 2026 at 10 AM - Written by Tim Boyer
STORY LINK Euro to Dollar Forecast: Oil Spike Drives EUR/USD to 7-Month Lows
The Euro to Dollar exchange rate (EUR/USD) remained under pressure as surging energy prices and geopolitical tensions boosted demand for the US dollar.
With Europe highly exposed to rising oil and gas costs, the single currency slid to seven-month lows below 1.1450, while several major banks warn the pair could weaken further in the near term if the energy shock persists.
EUR/USD Forecasts: Energy fears hurt the...
CATEGORIES: Euro Dollar Forecasts
British Pound to Dollar Forecast: BoE Policy Doubts Weigh on GBP
16 Mar 2026 at 9 AM - Written by Frank Davies
STORY LINK British Pound to Dollar Forecast: BoE Policy Doubts Weigh on GBP
The Pound to Dollar exchange rate (GBP/USD) slipped to three-month lows below 1.3250 as weaker UK growth data and rising energy prices weighed on Sterling while safe-haven demand boosted the US dollar.
With markets reassessing Bank of England policy expectations and geopolitical tensions continuing to dominate sentiment, analysts warn that Sterling could remain vulnerable if energy prices stay elevated and risk appetite...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Week Ahead Forecast: 1.16 Resistance Looms
16 Mar 2026 at 7 AM - Written by David Woodsmith
STORY LINK Pound to Euro Week Ahead Forecast: 1.16 Resistance Looms
The Pound to Euro exchange rate (GBP/EUR) struggled to hold gains near six-month highs around 1.16 as soaring energy prices and shifting interest-rate expectations drove volatile trading.
Sterling found support from sharply higher UK bond yields and markets abandoning expectations of a near-term Bank of England rate cut, although analysts warn the rally could stall if geopolitical tensions ease or UK economic concerns...
CATEGORIES: Pound Euro Forecasts
Pound Sterling to Dollar Forecast: GDP Miss Sparks Fresh GBP Sell-Off
15 Mar 2026 at 9 PM - Written by David Woodsmith
STORY LINK Pound Sterling to Dollar Forecast: GDP Miss Sparks Fresh GBP Sell-Off
The Pound to Dollar exchange rate (GBP/USD) slipped back towards three-month lows near 1.3250 on Friday as recession concerns and rising energy prices weighed heavily on Sterling.
Weak UK GDP data intensified fears that the economy may struggle to withstand the latest oil shock, while safe-haven demand and firmer crude prices continued to underpin the US dollar.
GBP/USD Forecasts: Near 3-Month Lows
The Pound to Dollar...
CATEGORIES: Pound Dollar Forecasts