Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate (GBP/EUR) remained close to 10-day highs near 1.1565 despite another run of disappointing UK economic releases, as weakness in the Euro helped offset concerns over the domestic outlook. Sterling shrugged off weaker retail sales and a larger-than-expected borrowing requirement, with investors instead focusing on growing doubts over Eurozone growth and whether the European Central Bank can...

The Pound to Dollar exchange rate (GBP/USD) slipped back below 1.3400 after disappointing UK business confidence data reinforced concerns that higher energy costs are beginning to weigh heavily on economic activity. Sterling struggled to gain traction as investors weighed evidence of slowing UK growth against persistent inflation pressures, while the US Dollar remained supported by elevated Treasury yields and expectations...

The Pound to Euro exchange rate (GBP/EUR) retreated from 10-day highs above 1.1570 after a sharp deterioration in UK services-sector activity raised fresh concerns over the domestic economic outlook. While Sterling initially benefited from easing pressure in UK bond markets, disappointing PMI data reinforced fears that growth is slowing sharply even as inflationary pressures remain elevated, creating a difficult backdrop...

The Pound to Euro (GBP/EUR) exchange rate moved sideways on Thursday as investors reacted to underwhelming PMI data from both the UK and the Eurozone. At the time of writing, the GBP/EUR exchange rate was trading at approximately €1.1559, little changed from the opening levels seen earlier in the session. The Pound (GBP) struggled for traction on Thursday after the UK’s latest preliminary PMI figures pointed to a...

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...