Currency News: UK daily forex news and forecasts

The Euro US Dollar exchange rate climbed today in the build-up to European Central Bank (ECB) President Mario Draghi’s welcoming address at the ESRB Annual Conference in Frankfurt and on the back of better-than-anticipated consumer confidence figures from the Eurozone. USD Initially Bolstered by Hawkish Policy Meeting EUR USD initially fell yesterday on a particularly hawkish shift in sentiment from the US Federal Reserve...

The Pound Canadian Dollar (GBP CAD) exchange rate is trading in a narrow range this morning in the wake of a key monetary policy decision by the Federal Reserve. Canadian Dollar (CAD) Struggles to Advance following Fed Announcement The Canadian Dollar is struggling to advance in today’s session largely due to the strength of the US Dollar (USD) in the wake of the Federal Reserve’s latest monetary policy...

Yesterday, the Pound saw a slight decline against the US Dollar, opening trading at 1.3519 and closing in the region of 1.3503. This was triggered by a US Dollar-boosting announcement from the Federal Reserve. Pound Flat against US Dollar as UK Drops into Borrowing Deficit Today’s close Pound to US Dollar trading has come due to UK trader uncertainty about national debt. The headline news has been that the previous...

The Pound Canadian Dollar exchange rate fluctuated today with the Pound bolstered by positive UK retail sales figures and the Canadian Dollar boosted by a surge in oil prices. UK Retail Sales Smash Expectations, Pound Gains The Office for National Statistics (ONS) revealed today that retail sales in the UK grew by 1% month-on-month in August, beating the 0.2% growth estimate, July’s print of 0.7% and proving the highest...

Forecast-beating growth in UK retail sales have failed to prevent the Pound sliding against the Australian Dollar. Yesterday, the Pound opened trading in the area of 1.6954 but closed down against the Australian Dollar at 1.6875. Pound Slides over Mixed Messages for UK Interest Rate Hike The Pound to Australian Dollar losses reported today have come from widespread trader uncertainty about the Bank of England...

While recent Eurozone data has been relatively optimistic, the Euro has been unable to hold its ground due to increased market hawkishness on the Pound. The Euro to British Pound exchange rate has fallen due to strong UK retail sales data today. Last week’s huge EUR/GBP drop from 0.9120 to 0.8789 was caused by Bank of England (BoE) news. The pair recovered to around 0.8891 on Tuesday, but Wednesday saw the pair drop...

The Pound US Dollar exchange rate has come under pressure today in light of recent comments from Bank of England (BoE) Governor Mark Carney and a perceived divide within the Conservative Party. BoE Carney Reigns in Rate Hike Excitement for GBP BoE Carney recently took to the stage in Washington DC to assert that all changes to interest rates will be ‘limited’ and ‘gradual’ - a statement that curbed some of the...

September’s Bank of England (BoE) meeting minutes and following speeches from BoE policymakers helped the British Pound to Euro exchange rate to surge, but the BoE Governor, Mark Carney, has since taken a more cautious stance again. Last week saw GBP/EUR surge from 1.0963 to around 1.1377 due to BoE news. The pair briefly touched on a two-month-high of 1.1390. Since yesterday however, the pair has slipped and currently trends...

Yesterday saw the Pound open trading against the New Zealand Dollar in the region of 1.8623. By the close of daily trading, the Pound lost ground slightly to come in at 1.8605. Pound Loses Ground on Lower Hopes of UK Interest Rate Hike In a dramatic change of fortune for the Pound, the UK currency has dropped by -0.6% against the New Zealand Dollar. This follows major gains at the end of the previous week, which were...

The Pound US Dollar exchange rate stumbled this morning as traders reacted to last week’s positive US inflation figures and grew increasingly cautious before today’s speech from Bank of England (BoE) Governor Mark Carney in Washington DC. US Inflation Proves Positive, Prospect for Hawkish September Fed Meeting Increases The US Dollar was bolstered last week by the release of some robust inflation figures and the...