Currency News: UK daily forex news and forecasts

The Pound Euro (GBP/EUR) exchange rate struggled to find any fresh traction on the back of July’s UK consumer price index, in spite of the headline figure strengthening. While inflation accelerated to 2.5% on the year, in line with market forecasts, this was not enough to shore up Pound Sterling against its rivals. As the monthly measure of inflation stagnated investors saw limited cause for confidence on Wednesday...

On Monday, the Pound to New Zealand Dollar exchange rate opened trading in the region of NZ$1.9376 and closed up higher around NZ$1.9411. This slight appreciation was caused by positive speculation that Tuesday’s UK wage growth data could show a rise in June. Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Slides on UK Wage Growth Slowdown The Pound’s (GBP) -0.3% drop against the New Zealand Dollar (NZD) today has...

After gaining ground on the back of the unfolding Turkish financial crisis the US Dollar to Canadian Dollar (USD/CAD) exchange rate faltered on Tuesday morning. As market jitters eased this reduced the appeal of the US Dollar, which enjoyed a bullish run in response to the recent slump of the Turkish Lira. While trade relations between the US and Canada showed fresh signs of deterioration, with the Trump administration...

Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively affect Eurozone banks. European Central Bank (ECB) officials warned of the possible fallout effects from a Turkish economic meltdown as investors abandoned...

GBP/USD Exchange Rate Steadies as Geopolitical Storm Calms Following a busy week for the Pound US Dollar (GBP/USD) exchange rate, the pairing is trading in a narrow margin today. Last week saw substantial losses in GBP value relative to USD as a combination of Brexit jitters and the US-China trade war saw investors flock to the safe haven of the ‘Greenback’. The week ahead may see less severe fluctuations than those...

Pound Australian Dollar (GBP/AUD) Exchange Rate Lifted by Souring Risk-Appetite The Pound Australian Dollar (GBP/AUD) exchange rate has risen today as the tumbling Turkish Lira (TRY) puts higher risk and commodity-correlated currencies on the defensive. The Australian Dollar has also weakened today amid continuing trade strife, with the US-China tensions souring appetite for the ‘Aussie’. The Pound advanced slightly...

The Pound Australian Dollar (GBP/AUD) exchange rate is ticking higher today in the wake of the Reserve Bank of Australia’s (RBA) latest quarterly statement. Australian Dollar (AUD) Exchange Rate Weakened by RBA’s Dovish Tone The Australian Dollar (AUD) is falling against the Pound (GBP) and the majority of its other peers this morning as markets react to the RBA’s latest statement on monetary policy. While the...

Wednesday’s trading session saw the Pound to Turkish Lira (GBP/TRY) exchange rate open in the region of 6.8206 and close higher at a level of 6.8410. The Pound has struggled against most other currency peers this week, so yesterday’s GBP/TRY exchange rate rise was mainly down to the Lira being the weaker currency. On the UK side of proceedings, Scotland’s First Minister Nicola Sturgeon warned that there could be dire...

Amid a lack of fresh reasons to sell the Pound in recent sessions, the British Pound to Euro (GBP/EUR) exchange rate recovered slightly on Thursday. However, analysts predict the Pound’s potential for gains is limited, and that its Thursday gains are likely more due to profit taking and anticipation for upcoming UK data. Due to days of losses, GBP/EUR is on track to end this week lower. GBP/EUR opened the week at the level of...

While there have been no UK economic developments this week so far, the British Pound to US Dollar (GBP/USD) continues to be sold largely on worsening market fears that the UK could leave the EU with a ‘no deal’ Brexit – often seen as a worst-case scenario by economists. Following last week’s fall from 1.3103 to 1.3001, GBP/USD could be in for another week of solid losses. Not only did GBP/USD fall to 1.29 earlier in...