Currency News

Daily Exchange Rate Forecasts & Currency News

Currency News: UK daily forex news and forecasts

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat as UK PMIs ‘Kill Off’ Chance of Imminent BoE Cut

24 Jan 2020 at 10 AM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted despite ‘Encouraging Start to 2020’ The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained muted, leaving the pairing trading at around CA$1.7235. Sterling was provided with a boost after the latest flash PMI data showed that the private sector returned to growth in January. The UK PMI composite jumped from 49.3 in December to 52.4 in January,...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to USD Exchange Rate Holds Ground in Anticipation of Bank of England (BoE) Speculation

24 Jan 2020 at 9 AM - Written by Ben Hughes

Despite US data continuing to be decent and a lack of fresh support for the Pound yesterday, the British Pound to US Dollar (GBP/USD) exchange rate was able to continue to hold its ground for most of the past day. The Pound could still see some sharp movements before markets close for the week depending on upcoming UK PMI results, while this afternoon’s upcoming US PMI data could also cause some US Dollar movement. Since...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as Australian Employment Data Improves

23 Jan 2020 at 5 PM - Written by John Cameron

GBP/AUD Exchange Rate Rangebound, RBA Rate Cut Odds Ease The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.5% today, with the pairing currently trading around AU$1.9102 after December’s Australian unemployment rate fell to a better-than-expected 5.1%, ending last year on a positive note. Gareth Aird, an Economist at CBA, was mixed in his response, however, commenting: ‘The unemployment rate is now on a...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Loses Ground Ahead of NZ Inflation Figures

23 Jan 2020 at 3 PM - Written by Frank Davies

Temporary Easing in Market Risk Aversion Knocks Pound New Zealand Dollar (GBP/NZD) Exchange Rate A general resurgence in market risk appetite saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate knocked off its bullish trend on Thursday. While market anxiety over the spread of the coronavirus from China remained this was not enough to keep the New Zealand Dollar from recovering ground. As France gave in to...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as UK-EU Trade Deal Hopes Improve

22 Jan 2020 at 4 PM - Written by John Cameron

GBP/AUD Exchange Rate Edges Higher as BoE Rate Cuts Odds Ease The Pound Australian Dollar (GBP/AUD) exchange rate rose by 0.6%, with the pairing currently trading around AU$1.917 after Sajid Javid, the UK Chancellor of the Exchequer, said that a full EU trade deal would be possible by the end of 2020. Mr Javid commented: ‘There is a strong belief on both sides that it can be done. Both sides recognise that it’s a tight...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Surges Thanks to Leap in UK Business Optimism

22 Jan 2020 at 3 PM - Written by Frank Davies

Surge in UK Business Optimism Fuels Pound Euro (GBP/EUR) Exchange Rate Leap The Pound Sterling to Euro (GBP/EUR) exchange rate made strong gains on Wednesday, benefitting from a surprise return to positivity for the CBI business optimism index. As the index leapt from -44 to 23 on the quarter this encouraged investors to pile back into the Pound as fears of a future slowdown diminished. With businesses expressing a...

CATEGORIES: Pound Euro Forecasts

Euro to Pound Exchange Rate: EUR/GBP Sinks as German Economic Sentiment Fails to Impress Markets

21 Jan 2020 at 5 PM - Written by John Cameron

EUR/GBP Exchange Rate Falls as Eurozone Growth Continues to Weaken The Euro Pound (EUR/GBP) exchange rate fell by -0.3% today, with the pairing currently trading around £0.850 despite the release of stronger-than-expected German ZEW survey data for economic sentiment this month, with the figure rising from 10.7 to 26.7. Although the report showed a 4-year high, this wasn’t enough to boost the EUR/GBP exchange rate. ZEW...

CATEGORIES: Euro Forecasts Euro Pound Forecasts Pound Euro Forecasts

GBP to USD Exchange Rate Recovers Last Week’s Losses as UK Job Data Softens Bank Speculation

21 Jan 2020 at 3 PM - Written by John Cameron

Following a week of poor UK data in which the Pound was held back by Bank of England (BoE) interest rate cut bets, the British Pound to US Dollar (GBP/USD) exchange rate has seen a jump in demand today. The Pound is being supported by the latest UK job stats which are dousing Bank of England bets for now, while demand for the US Dollar has calmed following Friday and Monday’s gains. Last week saw GBP/USD putting in mixed...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as UK Employment Data to Ease BoE Concerns

21 Jan 2020 at 12 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Jumps as Employment Data Impresses The Pound Sterling Australian Dollar (GBP/AUD) exchange rate rallied on Tuesday morning, leaving the pairing trading at around AU$1.9022. Data revealed that jobs growth in the UK was the strongest in close to a year in the three months to November. This buoyed GBP as it could ease growing concerns the Bank of England (BoE) has...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Flat as US Markets Close

20 Jan 2020 at 3 PM - Written by John Cameron

Pound Sterling US Dollar (GBP/USD) Exchange Rate Flat as Markets Focus on BoE The Pound Sterling US Dollar (GBP/USD) exchange rate remained muted as US markets closed for Martin Luther King Day, leaving the pairing trading at around $1.2989. Sterling remained under pressure as the lack of notable economic data caused markets to shift their focus to the Bank of England’s (BoE) next interest rate decision. Investors...

CATEGORIES: Pound Dollar Forecasts