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Currency News: UK daily forex news and forecasts

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Euro to Dollar Forecast: Oil Spike Drives EUR/USD to 7-Month Lows

16 Mar 2026 at 10 AM - Written by Tim Boyer

The Euro to Dollar exchange rate (EUR/USD) remained under pressure as surging energy prices and geopolitical tensions boosted demand for the US dollar. With Europe highly exposed to rising oil and gas costs, the single currency slid to seven-month lows below 1.1450, while several major banks warn the pair could weaken further in the near term if the energy shock persists. EUR/USD Forecasts: Energy fears hurt the...

CATEGORIES: Euro Dollar Forecasts

British Pound to Dollar Forecast: BoE Policy Doubts Weigh on GBP

16 Mar 2026 at 9 AM - Written by Frank Davies

The Pound to Dollar exchange rate (GBP/USD) slipped to three-month lows below 1.3250 as weaker UK growth data and rising energy prices weighed on Sterling while safe-haven demand boosted the US dollar. With markets reassessing Bank of England policy expectations and geopolitical tensions continuing to dominate sentiment, analysts warn that Sterling could remain vulnerable if energy prices stay elevated and risk appetite...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Week Ahead Forecast: 1.16 Resistance Looms

16 Mar 2026 at 7 AM - Written by David Woodsmith

The Pound to Euro exchange rate (GBP/EUR) struggled to hold gains near six-month highs around 1.16 as soaring energy prices and shifting interest-rate expectations drove volatile trading. Sterling found support from sharply higher UK bond yields and markets abandoning expectations of a near-term Bank of England rate cut, although analysts warn the rally could stall if geopolitical tensions ease or UK economic concerns...

CATEGORIES: Pound Euro Forecasts

Pound Sterling to Dollar Forecast: GDP Miss Sparks Fresh GBP Sell-Off

15 Mar 2026 at 9 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) slipped back towards three-month lows near 1.3250 on Friday as recession concerns and rising energy prices weighed heavily on Sterling. Weak UK GDP data intensified fears that the economy may struggle to withstand the latest oil shock, while safe-haven demand and firmer crude prices continued to underpin the US dollar. GBP/USD Forecasts: Near 3-Month Lows The Pound to Dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Forecast: GBP/USD Crashes to 1.32 as Oil Fears Surge

14 Mar 2026 at 2 PM - Written by Ben Hughes

The Pound to Dollar exchange rate (GBP/USD) remained under pressure into the weekly close, slipping to 1.32248 as renewed energy fears and rising oil prices boosted demand for the US dollar. Sterling struggled to hold earlier support levels as concerns over Middle East oil supply disruptions intensified, while higher UK bond yields provided only limited relief amid mounting global risk aversion. GBP/USD Forecasts: Below...

CATEGORIES: Pound Dollar Forecasts

British Pound to Euro Forecast: Oil Price Crisis to Shape GBP Outlook

14 Mar 2026 at 2 PM - Written by David Woodsmith

The Pound to Euro exchange rate (GBP/EUR) slipped back toward 1.1580 ahead of the weekly close, struggling to break above the key 1.1600 resistance level despite continued support from rising UK bond yields. Pound Sterling has remained resilient against the Euro as markets reassess Bank of England policy expectations following the recent surge in energy prices, although analysts warn that mounting stagflation risks and...

CATEGORIES: Pound Euro Forecasts

Oil Market Swings Keep Dollar and Pound Sterling on Edge

12 Mar 2026 at 6 PM - Written by Frank Davies

The Pound US Dollar (GBP/USD) exchange rate moved unevenly on Thursday as the escalating crisis in the Middle East continued to inject volatility into global markets. At the time of writing, GBP/USD was trading at $1.3375, having fluctuated throughout the session as shifting risk sentiment influenced the currency pair. The US Dollar moved unevenly as fluctuating market sentiment continued to influence demand for the...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Near €1.16 as Oil Prices Rise

12 Mar 2026 at 5 PM - Written by David Woodsmith

The Pound to Euro (GBP/EUR) exchange rate remained largely flat on Thursday as renewed gains in global oil prices once again shaped market sentiment. At the time of writing, GBP/EUR was trading close to €1.1587, little changed from the start of Thursday’s session. The Euro struggled to gain momentum as the renewed rise in oil prices weighed on investor confidence. Energy markets were unsettled after reports that...

CATEGORIES: Pound Euro Forecasts

Pound Sterling to Dollar Forecast: GBP Held Below 1.35 by Iran War

12 Mar 2026 at 9 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) struggled to regain the 1.3500 level, holding near 1.3430 as currency markets remained dominated by developments surrounding the Iran conflict and volatile energy prices. Despite bouts of Sterling resilience, uncertainty over oil supply routes through the Strait of Hormuz and the inflationary impact of higher energy costs continue to underpin the US dollar and limit upside for...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Forecast: GBP/USD Tests 1.16 Resistance as Bond Yields Surge

12 Mar 2026 at 9 AM - Written by Tim Boyer

The Pound to Euro exchange rate (GBP/EUR) remained firm near 1.1575, hovering close to five-week highs, as rising UK bond yields and shifting Bank of England policy expectations continued to underpin Sterling. Markets have rapidly scaled back expectations of near-term rate cuts following the recent surge in energy prices, helping the Pound outperform even as equities weaken and speculation grows that the European Central...

CATEGORIES: Pound Euro Forecasts