Currency News: UK daily forex news and forecasts

Markets are increasingly expecting wider policy divergence from the European Central Bank (ECB) and the Federal Reserve, and low ECB interest rate hike bets are leaving the Euro to US Dollar (EUR/USD) exchange rate unappealing. The pair is currently on track to see its second consecutive week of losses. Last week saw EUR/USD slide around half a cent, from 1.2335 to 1.2288, despite briefly touching a high of 1.2402. EUR/USD has...

Sterling (GBP) Exchange Rates UP as UK Government Borrowing Hits Lowest Point in Over a Decade The Pound to Australian Dollar (GBP/AUD) exchange rate climbed on Tuesday, supported by news that UK government borrowing plummeted to its lowest point in over 11 months and a below-forecast Australian inflation print. According to the Office for National Statistics (ONS) the shortfall between how much the British government...

On Monday’s trading session, the Pound to Euro (GBP/EUR) exchange rate saw a minimal overall rise from an opening level of 1.1413 to close higher around 1.1416. There was little higher-impact UK data to boost the Pound, with the GBP/EUR exchange rate instead rising because of disappointing Eurozone PMI readings. UK news saw analysts at the EY Item Club issue an optimistic but cautious forecast for national economic growth...

Despite some better-than-expected Eurozone PMI projections on Monday, the Euro to British Pound (EUR/GBP) exchange rate slipped slightly from the week’s opening levels during Monday trade. Some analysts still believe a May interest rate hike from the Bank of England (BoE) is possible which has kept Sterling buoyed. Last week saw EUR/GBP put in one of its best weekly gains in months – largely due to Pound weakness. EUR/GBP...

During the previous week, the Pound to Canadian Dollar exchange rate saw an overall decline due to fresh doubts about whether a May interest rate hike would occur. The GBP/CAD exchange rate opened around 1.7973 on Monday morning last week, but closed down lower in the region of 1.7863 on Friday evening. The Pound initially appreciated when it was reported that UK wage growth had risen above the pace of inflation in...

The Pound US Dollar (GBP/USD) exchange rate is drifting lower again today as it comes under pressure due to rising US bond yields. US Dollar (USD) Exchange Rate Surges as Dollar Bulls Return The US Dollar (USD) is off to a strong start against the Pound (GBP) and the majority of its other peers this week as after weeks of sliding back the US currency appears to have final found its stride once again. In fact the Dollar...

The Pound to Australian Dollar (GBP/AUD) exchange rate saw an overall (if minor) rise on 19th April, with an advance from the opening level of 1.8227 to close around 1.8236. The day’s main UK economic news was a set of data releases for retail sales in March. Levels of sales activity slowed, which initially prompted a sharp devaluation of the Pound. Sterling saw a recovery against the Australian Dollar later in the day,...

On 18th April’s trading session, the Euro to Pound exchange rate (EUR/GBP) opened in the region of 0.8653 and rose to close higher around 0.8714. This appreciation was primarily because the Pound tumbled in value during the day; the morning’s Eurozone data ended up missing forecasts. In the former case, Sterling was significantly weakened early on by the news that the UK inflation rate fell to its slowest point in a year...

Both the Pound and Canadian Dollar have become unappealing in recent sessions, causing fluctuations in the British Pound to Canadian Dollar (GBP/CAD) exchange rate. Still, overall the Pound outlook appeared to have worsened more due to disappointing UK inflation data weighing on Bank of England (BoE) interest rate hike bets. A broadly stronger Canadian Dollar pushed GBP/CAD lower in recent weeks, but this week GBP/CAD was...

Following weeks of solid performance in Sterling, the British Pound to Euro (GBP/EUR) exchange rate plummeted on Wednesday. Pound investors were highly concerned by Britain’s surprisingly slow March inflation rate and Bank of England (BoE) interest rate hike bets fell as markets anticipated further signals from the bank. Last week saw GBP/EUR put in a solid gain from the level of 1.1466 to 1.1543. On Monday, GBP/EUR touched...