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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

Soft Brexit Hopes Boosted Pound US Dollar Exchange Rate Ahead of US Payrolls

2 Dec 2016 at 11 AM - Written by Ben Hughes

Hopes of Softer Brexit Shored up Pound Sterling Outlook Investors were greatly encouraged by comments from Brexit Secretary David Davis, which suggested that the UK may pay to maintain its tariff-free access to the single market. As this appeared to point towards a more moderate form of Brexit, the Pound (GBP) was prompted to trend sharply higher across the board, in spite of November’s Manufacturing PMI falling short of...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

Pound Sterling (GBP) to Euro (EUR) Flatter after Giving up Thursday Boost

2 Dec 2016 at 10 AM - Written by Toni Johnson

The Pound to Euro exchange rate surged during the middle of Thursday’s trade session as Sterling was bolstered by new hopes of a soft Brexit. However, this movement didn’t last and by the end of the day GBP/EUR had given up most of its gains due to a bout of profit-taking. GBP/EUR is still up slightly from the week's opening level of 1.1779. While it failed to remain above Thursday’s three-month-high of 1.1941, it has...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts Pound Sterling Forecasts

Pound US Dollar Exchange Rate Trades Near 2 Month High after US Claims Surprise Economists

1 Dec 2016 at 4 PM - Written by Frank Davies

Pound US Dollar Jumps after ‘Soft Brexit’ Comments The Pound has been the clear winner in the GBP USD pairing during trading today, having been pushed higher by the latest Brexit talks. Taking the lead has been Brexit Minister David Davis, who stated that the UK could leave the EU but stay in the single market by paying for access. Additional support for the US Dollar has come from rising US claims, which have made...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

GBP EUR Exchange Rate Nears Four-Month High over 'Brexit' Comments

1 Dec 2016 at 4 PM - Written by Ben Hughes

The GBP EUR exchange rate rallied just shy of a four-month high today following reports that the UK government may be willing to pay for continued access to the single market. Pound Euro (GBP EUR) Jumps over Davis Remarks The Pound Euro (GBP EUR) exchange rate was bolstered by comments from Brexit Secretary David Davis who indicated that the UK government may be willing make payments to the EU in order to retain access to...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Euro Forecasts Euro Pound Forecasts Pound Sterling Forecasts

Pound Dollar Exchange Rate Trended Lower after Strong US Employment Data

30 Nov 2016 at 4 PM - Written by Toni Johnson

Pound Demand Limited by Weaker Consumer Confidence Index Disappointingly, the GfK consumer confidence survey for November indicated a further weakening of sentiment from -3 to -8, limiting the appeal of Pound Sterling (GBP) on Wednesday. This somewhat undermined the bullishness of October’s mortgage approvals and net consumer credit figures, undoing some of the boost that the GBP exchange rate complex had experienced...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

BoE Stability Report Predicts 'Brexit' Challenges, GBP EUR Exchange Rate Fluctuates

30 Nov 2016 at 2 PM - Written by Tim Boyer

The GBP EUR exchange rate has been increasingly volatile today after the Bank of England (BoE) released its latest Financial Stability Report. Pound Euro (GBP EUR) Pressured by Brexit Uncertainty The Pound Euro (GBP EUR) exchange rate suffered from fresh market concerns over 'Brexit' this morning as BoE Governor Mark Carney urged both the UK and the EU to fully consider their plans for when Britain leaves. Carney warned...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts

US Dollar (USD) to Australian Dollar (AUD) Fluctuates before Jobs Data

30 Nov 2016 at 12 PM - Written by Ben Hughes

USD/AUD slipped at the beginning of this week, falling from 1.3430 to hover above the level of 1.3350. The pair neared a weekly high of 1.3450 on Tuesday but slipped once more and still trends within this relatively narrow region. Today’s US Dollar exchange rates are displayed below: US Dollar (USD) Struggles to Benefit from Better US Growth Expectations After its strong performance in recent weeks, the US...

CATEGORIES: Australian Dollar Forecasts Pound Dollar Forecasts

Pound Euro Exchange Rate Hits 1.17 as Italian Referendum Concerns Limit EUR Demand

29 Nov 2016 at 5 PM - Written by Minesh Chaudhari

Pound Euro Exchange Rate Jumps amid Latest Brexit Situation The Pound has been dominant against the Euro during trading today, having risen prodigiously due to global market concerns raising the appeal of the somewhat safe GBP. On the UK’s part, the main headlines have been about a photographed Government document, which apparently showed notes on plans for Brexit. While denied by the Government, key phrases from the...

CATEGORIES: Currency Predictions Euro Pound Forecasts Pound Sterling Forecasts

GBP USD Exchange Rate Climbs after Impressive Data

29 Nov 2016 at 4 PM - Written by James Fuller

The GBP USD exchange rate rose this morning after some upbeat data on the UK economy helped allay investor concerns that the nation had been negatively impacted by 'Brexit'. Pound US Dollar (GBP USD) Rallies on Positive Ecostats The Pound US Dollar (GBP USD) rallied today, recovering almost all of yesterday’s losses as markets reacted to some impressive data from the UK economy. Investor sentiment improved as UK...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

GBP EUR Exchange Rate Slides over Further 'Brexit' Uncertainty

28 Nov 2016 at 1 PM - Written by Ben Hughes

The GBP EUR exchange rate has dropped by around a cent this morning as market sentiment towards the Pound continues to slide as a result of 'Brexit' fears. Pound Euro (GBP EUR) Exchange Rate Pressured by 'Brexit' Concerns The Pound Euro (GBP EUR) exchange rate continues to suffer from investor uncertainty over 'Brexit' as a cross party alliance of Conservative, Labour and Liberal Democrat MP’s have commissioned a report...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts