Currency News

Daily Exchange Rate Forecasts & Currency News

Currency News: UK daily forex news and forecasts

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

Pound to Dollar Week Ahead Forecast: 1.30 in Nine Months say ING

17 Mar 2024 at 10 AM - Written by David Woodsmith

Currency exchange strategists at ING see scope for the Pound to Dollar exchange rate (GBP/USD) to advance to 1.30 at the end of 2024 as the dollar loses ground. RBC Capital Markets expects a retreat to 1.24 as the Pound is unable to make any headway. Federal Reserve (Fed) and Bank of England (BoE) policy decisions will be crucial in the week ahead. Markets will also be looking at the latest UK inflation...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro 2024-2025 Forecast: Major Slide 1.15 to 1.06 say RBC

17 Mar 2024 at 10 AM - Written by John Cameron

Foreign exchange analysts at RBC Capital Markets expect to see a Pound Sterling retreat to 1.15 at the end of 2024 and forecasts a major slide to 1.06 at the end of 2025. BNP Paribas, however, expects that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.21 at the end of 2024 and hold the gains until the end of 2025. According to BNP there is scope for optimism surrounding UK fundamentals; “Our analysis...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar: FX Markets Continue to Fret Over US Inflation Trends

15 Mar 2024 at 11 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) edged higher to 1.2820 ahead of the New York open before drifting lower. GBP/USD retreated further to 1.2760 after the US data releases as markets continued to fret over US inflation trends. The overall market moves were still relatively limited with markets focussing on the Federal Reserve and Bank of England policy meetings next week. Neither central bank is expected to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling: Battle Lines Drawn, Support vs Euro Below 1.17

15 Mar 2024 at 11 AM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) again found support below 1.1700 on Wednesday and moved back above 1.1700 to trade just above this level on Thursday. Global markets conditions have been favourable for the Pound with low volatility and net gains in equities as the UK FTSE 100 index posted a 7-month high. According to MUFG; “The ongoing drop in foreign exchange market volatility is reinforcing favourable...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Rate Near 1.28 on Mixed Sterling Sentiment

13 Mar 2024 at 10 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) found support close to 1.2750 on Tuesday and rallied to test the 1.2800 level and traded close to this level on Wednesday. The dollar was resilient while the Pound was supported by firm risk conditions with the UK FTSE 100 index looking to build on Tuesday’s 1.0% gains. A break above 1.2815/20 is needed to underpin the case for short-term GBP/USD gains towards 1.30. Bank...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Exchange Rate Consolidates Close to 1.17

13 Mar 2024 at 9 PM - Written by John Cameron

The Pound to Euro (GBP/EUR) exchange rate has found support just below 1.17 and edged above this level after the UK GDP data. The Pound and Euro have both benefitted from robust risk conditions with the US S&P 500 index posted a fresh record high overnight while several European bourses have also posted record highs. Apart from gains in equities, there have been no major Euro-Zone developments over the past 24...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data

13 Mar 2024 at 10 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading conditions. The dollar overall was significantly higher after the data and GBP/USD will...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Attempts to Regain 1.2800

13 Mar 2024 at 10 AM - Written by Frank Davies

The dollar spiked higher in immediate reaction to the stronger-than-expected consumer prices data, but it failed to hold the gains. The Euro to Dollar (EUR/USD) exchange rate dipped to near 1.09 before a rebound to around 1.0940. After losses following the UK wages data, the Pound to Dollar (GBP/USD) exchange rate also slumped to near 1.2750 before recovering to near 1.2800. There will still be the risk of an adverse...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate "Dip in Cable Retains a Corrective Look" say Analysts

12 Mar 2024 at 8 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data. GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading conditions. The dollar overall was significantly higher after the data and GBP/USD will...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro: Tests 1.1700 as Sterling Pound Retreats UK Wages Slowdown

12 Mar 2024 at 8 PM - Written by John Cameron

The Pound Sterling retreated on Tuesday after slightly softer than expected UK labour-market data with markets slightly more confident over a Bank of England (BoE) rate cut by August. The Pound to Euro (GBP/EUR) exchange rate retreated to test 1.1700 from Monday highs at 1.1750 and further away from key resistance at 1.1765. The Pound did secure some protection from gains in UK equities with a 0.8% advance for the FTSE...

CATEGORIES: Pound Euro Forecasts