Currency News: UK daily forex news and forecasts

The Pound US Dollar (GBP/USD) exchange rate traded erratically on Thursday as markets digested the UK’s latest PMI releases. At the time of writing, GBP/USD was trading at $1.3444, virtually unchanged on the day. The Pound (GBP) traded unevenly on Thursday following the release of the UK’s latest flash PMIs for May, with investors weighing a sharp slowdown in services activity against signs of persistent price...

The Pound to Euro exchange rate (GBP/EUR) remained close to one-week highs near 1.1550 despite softer-than-expected UK inflation data, as markets continued to price in the possibility of further Bank of England tightening later this year. While lower inflation eased some immediate pressure on policymakers, Sterling found support from resilient rate expectations and a reduction in near-term political uncertainty surrounding...

The Pound to Dollar exchange rate (GBP/USD) remained anchored around the 1.3400 level as rising UK and US bond yields continued to dominate currency markets. Despite softer-than-expected UK inflation data, Sterling held firm as traders maintained expectations for further Bank of England tightening later this year. Meanwhile, elevated US Treasury yields and growing concerns over persistent inflation have provided fresh...

The Pound Euro (GBP/EUR) exchange rate remained within a tight range on Wednesday, as market participants largely looked past a sharper-than-anticipated drop in UK inflation. At the time of writing, GBP/EUR is hovering around €1.1542, showing little to no change from the start of the session. The Pound (GBP) traded in a narrow range on Wednesday, as the UK’s latest inflation data failed to spark much movement in...

The Pound US Dollar (GBP/USD) exchange rate traded on the back foot on Wednesday following the release of the UK’s latest inflation figures. At the time of writing, GBP/USD was trading at around $1.3385, marginally lower than the opening levels seen earlier in the session. The Pound (GBP) struggled for momentum on Wednesday after UK inflation data fell short of expectations. Figures published by the Office for...

The Pound to Euro exchange rate (GBP/EUR) held above the 1.1500 level after Sterling drew temporary relief from easing UK political tensions, although weaker-than-expected labour market data curbed further gains. Markets reacted positively after Andy Burnham signalled support for existing fiscal rules, but a sharp drop in payrolls and rising unemployment reinforced concerns over the wider UK economic outlook. GBP/EUR...

The Pound to Dollar exchange rate (GBP/USD) rebounded strongly from support near 1.3300, but struggled to sustain gains above 1.3450 as firm US yields and renewed dollar demand offset easing UK political concerns. Sterling remained relatively resilient despite another weak UK labour market report, although traders continue to monitor geopolitical tensions, Federal Reserve expectations and the outlook for the Bank of England...

The Pound US Dollar (GBP/USD) exchange rate moved lower on Tuesday following the release of weaker-than-expected UK labour market figures. At the time of writing, GBP/USD was trading at around $1.3396, down roughly 0.4% from the opening levels of Tuesday’s session. The Pound (GBP) came under pressure on Tuesday as disappointing labour market data brought Sterling’s recent gains to a halt. According to figures...

The Pound Euro (GBP/EUR) exchange rate was trapped in a narrow range on Tuesday, as the UK’s latest labour market data left Sterling lacking direction. At the time of writing, GBP/EUR was trading at €1.1520, virtually unchanged on the day. The Pound (GBP) struggled to build on Monday’s gains during Tuesday’s session, as a weaker-than-expected UK labour market report dampened demand for Sterling. The latest...

The Pound to Dollar exchange rate (GBP/USD) recovered from fresh 6-week lows near 1.3300 as a retreat in UK bond yields and a softer US dollar helped Sterling stabilise after heavy recent losses. Markets remain highly sensitive to global bond market volatility, inflation fears and ongoing political uncertainty in the UK, while developments surrounding Iran and Federal Reserve policy continue to dominate broader currency...