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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

GBP EUR Exchange Rate Advances as Investors Anticipate European Central Bank (ECB) Meeting

22 Jan 2018 at 5 PM - Written by Minesh Chaudhari

Despite news that Germany’s SPD Party had voted to move forward in vital coalition talks with German Chancellor Angela Merkel’s CDU Party, the British Pound to Euro exchange rate continued to strengthen on Monday with Euro investors anxious ahead of this week’s upcoming European Central Bank (ECB) policy decision. Poor UK ecostats failed to put much pressure on GBP/EUR last week and the pair ultimately advanced from...

CATEGORIES: Pound Euro Forecasts

EUR/GBP Exchange Rate Tumbles despite Conflicting UK Growth Outlook

22 Jan 2018 at 5 PM - Written by John Cameron

Conflicting UK Growth Forecasts Fail to Limit Pound (GBP) Exchange Rates The Pound Euro (GBP/EUR) exchange rate soared on Monday, bolstered by upbeat comments from former UK Treasury Minister Lord O’Neil and seemingly unperturbed by the International Monetary Fund’s (IMF) latest downgrade in UK growth forecasts. Lord O’Neil asserted that downcast expectations regarding the impact of Brexit will likely be entirely...

CATEGORIES: Currency Predictions Euro Pound Forecasts

Hopes for UK Post-Brexit Economic Rebound Trigger GBP/CHF Exchange Rate Rise

22 Jan 2018 at 3 PM - Written by Frank Davies

During the previous week, the Pound rose overall against the Swiss Franc, despite a number of negative UK data releases. The GBP/CHF exchange rate opened around 1.3295 on Monday, later rising to the region of 1.3350 on Friday evening. Key UK takeaways were that inflation had slowed in December, while retail sales had been worse than expected during the month. The only Swiss news to speak of was that import price growth...

CATEGORIES: Swiss Franc Forecasts

GBP/CAD Exchange Rate Tight after UK Retail Sales Slump

19 Jan 2018 at 1 PM - Written by David Woodsmith

On Thursday’s trading session, the Pound saw a small advance against the Canadian Dollar. The GBP/CAD pairing opened trading in the region of 1.7205, later rising to 1.7243 by the evening. With little direct economic news to refer to, GBP traders were primarily focused on recent speeches from Bank of England (BoE) policymakers Michael Saunders and Silvana Tenreyro. Both were relatively cautious with their outlooks on...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/USD Exchange Rate Relinquishes Early Gains as UK Retail Sales Plummet

19 Jan 2018 at 12 PM - Written by John Cameron

After making some strong gains at the start of this morning’s session the Pound US Dollar (GBP/USD) exchange rate has found itself forced to retreat in the wake of some disappointing UK retail sales figures. Pound (GBP) Gains Trimmed as Domestic Retail Sales Nosedive Sterling’s advance against the US Dollar was brought to an abrupt halt this morning as the UK’s latest retail sales figures came in much lower than...

CATEGORIES: Pound Dollar Forecasts

GBP to AUD Exchange Rate Investors Await UK Retail Sales Report

18 Jan 2018 at 12 PM - Written by Toni Johnson

Despite Australia’s latest job market report generally indicating that Australia’s job market remained strong until the end of 2017, the British Pound to Australian Dollar exchange rate avoided falls thanks to some comments from Bank of England (BoE) policymaker Michael Saunders. After advancing from 1.7234 to 1.7323 last week, the GBP/AUD exchange rate has seen largely range-bound trade. Since Monday the pair has...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Sheds Ground as ECB Officials Express Currency Strength Concern

17 Jan 2018 at 4 PM - Written by Ben Hughes

As more European Central Bank (ECB) officials express concern about the persistent bullishness of the Euro, the Euro to British Pound exchange rate has been unable to hold its ground. Eurozone inflation has also failed to impress Euro investors. Following last week’s modest gains from 0.8865 to 0.8889, EUR/GBP has trended within a mostly tight region for most of this week so far – until Wednesday when the pair tumbled to...

CATEGORIES: Euro Pound Forecasts

Pound to Australian Dollar Exchange Rate Trades Tightly on Continued Brexit Concerns

17 Jan 2018 at 10 AM - Written by David Woodsmith

The Pound to Australian Dollar exchange rate made a marginal dip on Tuesday’s trading session, although for the most part GBP/AUD pairing movement was static. Sterling opened trading in the region of 1.7316 on Tuesday morning, later falling to the region of 1.7312 by the close of trading. Pound traders focused primarily on inflation rate data for December 2017, which slowed for both year-on-year readings during the...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/EUR Exchange Rate Inches Ahead amid UK Inflation Release

16 Jan 2018 at 3 PM - Written by John Cameron

UK Inflation Slides, Pound Euro (GBP/EUR) Exchange Rate Unperturbed The Pound Euro (GBP/EUR) exchange rate inched ahead on Tuesday as markets responded to some below-forecast German inflation readings and ongoing concerns regarding the state of their ‘grand coalition’. On the UK front, markets continue to assess the severity of construction giant Carillion’s collapse, though the market focus has now shifted to focus on...

CATEGORIES: Currency Predictions Euro Pound Forecasts

USD EUR Exchange Rate Strengthens as ECB Source Dismiss Early Taper Suggestions

16 Jan 2018 at 2 PM - Written by John Cameron

The US Dollar Euro (USD EUR) exchange rate is trending higher today as sources European Central Bank (ECB) put a dampener on tapering talk. Euro (EUR) Takes Pause on Suggestions ECB Remains Committed to QE The Euro’s recent advance came to an abrupt halt this morning following reports that the ECB is unlikely to announce any further tapering of its quantitative easing programme at next week’s policy...

CATEGORIES: Euro Forecasts