Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Pound-Franc Forecast: Carry Trade Keeps GBP/CHF above 1.09
8 Aug 2026 at 8 AM - Written by Frank Davies
STORY LINK Pound-Franc Forecast: Carry Trade Keeps GBP/CHF above 1.09
The Pound Sterling to Swiss Franc exchange rate (GBP/CHF) ended Friday near 1.0902, securing a small weekly gain after Thursday’s close at 1.0931 marked the strongest daily finish of 2026.
GBP continues to benefit from a wide interest-rate advantage over the Franc, although uncertainty surrounding further Bank of England tightening limits the case for an unchecked advance.
GBP/CHF Forecasts: BofA backs the carry...
CATEGORIES: Pound Swiss Franc Forecasts
Pound-Yen Forecast: Intervention Keeps 216 Ceiling in Focus
8 Aug 2026 at 8 AM - Written by James Fuller
STORY LINK Pound-Yen Forecast: Intervention Keeps 216 Ceiling in Focus
The Pound to Japanese Yen exchange rate (GBP/JPY) ended Friday near 212.91 following a volatile week, with the Yen supported by coordinated US-Japan intervention and a shock decline in US payrolls.
Pound Sterling recovered from the August low near 209.63, but remained well below July’s 219.61 high as traders stayed wary of renewed intervention and faster Bank of Japan tightening.
GBP/JPY Forecasts: 209–216 range in...
CATEGORIES: Pound Yen Forecasts
British Pound to Dollar Forecast: GBP Steady as Middle East Optimism Cools
7 Aug 2026 at 10 AM - Written by Frank Davies
STORY LINK British Pound to Dollar Forecast: GBP Steady as Middle East Optimism Cools
The Pound US Dollar (GBP/USD) exchange rate remained trapped in a narrow range on Thursday as investors balanced geopolitical uncertainty against expectations for key US labour market data.
At the time of writing, GBP/USD was trading at around $1.3459, largely unchanged from Thursday’s opening levels.
The US Dollar (USD) held firm on Thursday as investors grew less confident that a ceasefire agreement between the US...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Forecast: GBP Edges Higher after Weak Eurozone Retail Data
7 Aug 2026 at 9 AM - Written by Tim Boyer
STORY LINK Pound-to-Euro Forecast: GBP Edges Higher after Weak Eurozone Retail Data
The Pound to Euro (GBP/EUR) exchange rate advanced slightly on Thursday as disappointing Eurozone data undermined demand for the single currency.
At the time of writing, the GBP/EUR exchange rate was trading at around €1.1665, up modestly from Thursday’s opening levels.
The Euro (EUR) lost ground on Thursday after the latest Eurozone retail sales report pointed to an unexpected deterioration in consumer...
CATEGORIES: Pound Euro Forecasts
Pound-Canadian Dollar Forecast: BofA Sees Near-Term CAD Weakness
6 Aug 2026 at 10 PM - Written by David Woodsmith
STORY LINK Pound-Canadian Dollar Forecast: BofA Sees Near-Term CAD Weakness
The Pound to Canadian Dollar exchange rate (GBP/CAD) slipped to around 1.8856 on Thursday evening, trading close to its August low as firmer oil prices and caution ahead of Canada’s employment report supported the Canadian currency.
Sterling struggled to benefit from a less severe contraction in UK construction, while bank forecasts remain divided over whether the Loonie can extend its recent recovery.
GBP/CAD...
CATEGORIES: Pound Canadian Dollar Forecasts
Pound Sterling to Rupee Forecast: RBI Support Puts 127.60 in Focus
6 Aug 2026 at 9 PM - Written by Minesh Chaudhari
STORY LINK Pound Sterling to Rupee Forecast: RBI Support Puts 127.60 in Focus
The Pound to Rupee exchange rate (GBP/INR) held near 128.24 on Thursday evening, edging 0.1% higher on the day but remaining around 0.3% below last Friday’s close.
The Indian Rupee has steadied following Reserve Bank of India intervention and a retreat in oil prices, while Sterling’s support from stronger UK services data has been offset by fading Bank of England rate-hike expectations.
GBP/INR Forecasts: 128 level...
CATEGORIES: Pound Rupee Forecasts
Pound to Australian Dollar Forecast: Strong Trade Data Supports Aussie
6 Aug 2026 at 8 PM - Written by James Fuller
STORY LINK Pound to Australian Dollar Forecast: Strong Trade Data Supports Aussie
The Pound to Australian Dollar exchange rate (GBP/AUD) traded close to 1.9110 on Thursday, around 0.6% below last Friday’s close as stronger Australian economic data supported the Australian currency.
Pound Sterling received some protection from an improvement in UK construction activity, although banks remain cautious over the Pound’s interest-rate support ahead of next week’s Reserve Bank of Australia...
CATEGORIES: Pound Australian Dollar Forecasts
Pound-to-Dollar Forecast: GBP Climbs on Strait of Hormuz Deal Hopes
6 Aug 2026 at 10 AM - Written by Frank Davies
STORY LINK Pound-to-Dollar Forecast: GBP Climbs on Strait of Hormuz Deal Hopes
The Pound US Dollar (GBP/USD) exchange rate moved higher on Wednesday as a brighter market mood reduced demand for traditional safe-haven currencies.
At the time of writing, GBP/USD was trading at around $1.3478, up approximately 0.2% from Wednesday’s opening levels.
The US Dollar (USD) weakened during Wednesday’s session as investors rotated away from defensive assets amid growing confidence that tensions in the...
CATEGORIES: Pound Dollar Forecasts
British Pound-to-Euro Forecast: Strong PMI Data Supports GBP and EUR
6 Aug 2026 at 10 AM - Written by David Woodsmith
STORY LINK British Pound-to-Euro Forecast: Strong PMI Data Supports GBP and EUR
The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday, with stronger-than-expected services PMI readings lending support to both currencies.
At the time of writing, GBP/EUR was trading at around €1.1662, little changed from the start of the session.
The Pound (GBP) held firm on Wednesday after the UK's final services PMI painted a more encouraging picture of the country's largest...
CATEGORIES: Pound Euro Forecasts
Pound-to-Euro Forecast: EUR Stalls Ahead of Key PMI, PPI Releases
5 Aug 2026 at 9 AM - Written by James Fuller
STORY LINK Pound-to-Euro Forecast: EUR Stalls Ahead of Key PMI, PPI Releases
The Pound to Euro (GBP/EUR) exchange rate posted modest gains on Tuesday, with the lack of meaningful economic data keeping volatility to a minimum.
At the time of writing, GBP/EUR was trading at around €1.1674, up approximately 0.1% on the day.
The Pound (GBP) traded in a narrow range on Tuesday as a lack of notable UK economic releases left Sterling without any clear direction.
Even so, the increasingly...
CATEGORIES: Pound Euro Forecasts