Currency News: UK daily forex news and forecasts

The Pound to Australian Dollar (GBP/AUD) exchange rate has firmed this morning after UK unemployment edged lower during May. At the time of writing the GBP/AUD pairing are trading around the AU$1.8321 level as the latest Reserve Bank of Australia (RBA) meeting minutes did nothing to support the ‘Aussie.’ Pound (GBP) Mixed after UK Lockdown Easing Delayed The Pound has been mixed against many of its counterparts today...

GBP/EUR Exchange Rate Falls, Could Boris Johnson Delay Easing of Lockdown Restrictions This Month? The Pound Euro exchange rate dipped by -0.2% this morning as Prime Minister Boris Johnson is now expected to delay the end of lockdown restrictions on 21 June, with a view to pushing it back by up to four weeks. The pairing is currently trading around €1.16. Sterling struggled today as UK markets expect Boris Johnson to...

GBP/CAD Exchange Rate Falls on Canadian Oil Market Optimism The Pound Canadian Dollar (GBP/CAD) exchange rate dipped this morning after the Bank of Canada (BoC) held interest rates flat at 0.25% yesterday and left monetary policy largely unchanged. The pairing is currently fluctuating around CA$1.70. Some key takeaways from the BoC’s monetary policy statement show a steady confidence in Canada’s economy. The BoC...

GBP/AUD Exchange Rate Rangebound, BoE Says UK Housing Market is ‘On Fire’ The Pound Australian Dollar exchange rate held steady this morning following dovish comments from the Bank of England’s (BoE) chief economist, Andy Haldane, who said the British labour market remains highly uncertain. The pairing is currently fluctuating around AU$1.82. GBP failed to benefit from his more bullish comments, however, such as that the...

GBP/EUR Exchange Rate Slips Despite Strong UK Retail Data The Pound Euro exchange rate slipped by -0.2% today as a result of this week’s comments from UK Health Secretary Matt Hancock, who said that the Government was ‘open’ about delaying the easing lockdown restrictions on 21 June. The pairing is currently fluctuating around €1.15. Sterling fell against some of its peers today as rising Covid-19 infections threaten...

GBP/EUR Exchange Rate Rangebound on ‘Soft’ German Factory Data The Pound Euro exchange rate held steady today following the publication of the latest Germany factory orders for April, which fell below forecasts at -0.2%. The pairing is currently fluctuating around €1.16. The Euro (EUR) suffered from the unexpected fall in Germany’s factory orders today as concerns about the outlook for the Eurozone’s largest economy...

GBP/ZAR Exchange Rate Sinks as Risk-On Mood Boosts South African Rand The Pound South African Rand (GBP/ZAR) exchange rate fell by -0.3% today. ZAR continues to be buoyed by positive risk-sentiment as key world economies reopen. The pairing is currently fluctuating around R19.41. The South African Rand (ZAR) benefited from news that Germany – the Eurozone’s largest economy – had downgraded its Covid-19 alert level...

GBP/CAD Exchange Rate Sinks as Outlook for Canadian Economy Improves The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.5% today as the commodity-correlated ‘Loonie’ benefits from soaring oil prices. Brent is currently up by over 2% and is trading around $71 a barrel, while WTI is also surging at above $68 per barrel. The pairing is currently trading around CA$1.70. The Canadian economy, which is highly reliant...

GBP/NZD Exchange Rate Sinks as UK Hospitality Sector Remains ‘Far From a Champagne Moment’ The Pound New Zealand Dollar (GBP/NZD) exchange rate dipped by -0.1% today after business leaders urged Prime Minister Boris Johnson for fresh support to help the hospitality sector recover from the extended Covid-19 lockdown this year. The pairing is currently trading around NZ$1.93. The Pound dipped today as concerns remain for the...

The Pound to New Zealand Dollar (GBP/NZD) exchange rate has dipped this morning as NZD finds support in the latest Reserve Bank of New Zealand’s (RBNZ) latest interest rate decision. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9356 level as the UK government awaits former government advisor Dominic Cummings coronavirus testimony. Pound (GBP) Weakens on Coronavirus Concerns The Pound has...