Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) has come under renewed pressure as a knife-edge Bank of England decision collides with rising UK political uncertainty, reviving downside risks for Sterling just as markets begin to price earlier interest-rate cuts. A sharply divided Monetary Policy Committee and leadership speculation surrounding Prime Minister Starmer have unsettled investors, leaving GBP/USD vulnerable near key...

The Pound to Euro exchange rate (GBP/EUR) has reversed sharply from recent highs as renewed UK political instability unsettles markets, overshadowing the Bank of England’s policy decision and reviving concerns over fiscal credibility and leadership risk. Sterling’s slide reflects growing investor unease that domestic political fallout could reintroduce volatility just as markets were starting to price a steadier...

The Pound to Euro exchange rate (GBP/EUR) slid sharply on Thursday, falling to a nine-day low as investors reacted to the latest interest rate decisions from the Bank of England (BoE) and the European Central Bank (ECB). At the time of writing, GBP/EUR was trading near €1.1470, down almost 0.8% on the day. Sterling came under heavy pressure after the Bank of England revealed a far more divided Monetary Policy Committee...

The Pound to US Dollar exchange rate (GBP/USD) sold off sharply on Thursday as markets digested the Bank of England’s latest policy decision, which was viewed as more dovish than expected. At the time of writing, GBP/USD was trading near $1.3570, marking a decline of around 0.6% from the start of the day’s session. Sterling came under sustained pressure after the Bank of England left interest rates unchanged at its...

The Pound to Dollar exchange rate (GBP/USD) is consolidating near 1.37 as easing global market panic and stabilising US dollar sentiment curb Sterling’s rally, with traders now turning their focus to the Bank of England interest rate decision and evolving Federal Reserve policy expectations. GBP/USD Forecasts: Consolidation Near 1.3700 The Pound to Dollar (GBP/USD) exchange rate has been held in narrow ranges on...

The Pound to Euro exchange rate (GBP/EUR) has surged to fresh five-month highs after Sterling broke a key technical barrier, reinforcing bullish momentum as traders scale back expectations for near-term Bank of England rate cuts. GBP/EUR Forecasts: Fresh 5-Month Highs to Hold?

The Pound to US Dollar exchange rate (GBP/USD) drifted lower on Wednesday, easing back as investors digested a fresh batch of US economic data that lent modest support to the Dollar. At the time of writing, GBP/USD was trading close to $1.3663, down around 0.2% from the start of the European session. The US Dollar found some footing after the latest ISM services PMI signalled continued resilience in the US economy....

The Pound to Euro exchange rate (GBP/EUR) climbed to a fresh five-month high on Wednesday as traders digested final services PMI readings from the UK and the Eurozone alongside the bloc’s latest inflation figures. At the time of writing, GBP/EUR was trading around €1.1602, just below the session peak of €1.1606 struck earlier in the day. The move higher came as the Euro struggled to build momentum following...

The Pound to Euro exchange rate (GBP/EUR) is pushing to its best levels in five months as investors scale back expectations for imminent Bank of England rate cuts, lifting UK-euro yield spreads and exposing the euro to a corrective pullback after last week’s sharp dollar-driven rally. Those looking to secure stronger Pound-Euro international payment rates can compare today’s leading specialist money transfer providers...

The Pound to Dollar exchange rate (GBP/USD) is struggling to push higher as resilient US data undermines the fading “sell the dollar” narrative, with stronger manufacturing activity and stabilising yield spreads helping the greenback regain footing. Pound Sterling remains supported, but shifting expectations for Federal Reserve policy are capping near-term GBP/USD gains below 1.37. For those looking to secure the...