Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) has fallen sharply to 1.3230, its weakest level in several weeks, as investors responded positively to the Federal Reserve's policy guidance while remaining cautious over the UK outlook. Although both the Federal Reserve and Bank of England left interest rates unchanged, markets interpreted the Fed's message as relatively supportive for the Dollar while the Bank of...

The Pound to Euro exchange rate (GBP/EUR) held above 1.1550 after the Bank of England left interest rates unchanged at 3.75%, as widely expected. While the decision itself caused little surprise, the Bank's cautious tone and softer inflation backdrop reinforced expectations that policymakers are in no rush to tighten policy, leaving Sterling vulnerable ahead of the Makerfield by-election and next week's labour...

The Pound Euro (GBP/EUR) exchange rate weakened at the beginning of Wednesday’s session after the UK’s latest consumer price index printed below expectations. At the time of writing, GBP/EUR was trading at €1.1559, having recovered from a 13-day low of €1.1549. The Pound (GBP) came under pressure at the start of Wednesday’s European session, following the publication of the UK’s latest inflation...

The Pound US Dollar (GBP/USD) exchange rate lacked clear direction during Wednesday’s European trading session as investors refrained from making significant moves ahead of the latest policy announcement from the Federal Reserve. At the time of writing, GBP/USD was trading at around $1.3414, showing little movement from the day’s opening levels. The US Dollar (USD) traded in a narrow range on Wednesday as markets...

The Pound US Dollar (GBP/USD) exchange rate struggled for direction on Tuesday as investors sought greater clarity regarding the recently announced US-Iran peace framework. At the time of writing, GBP/USD was trading at around $1.3412, little changed from the start of the session. The US Dollar (USD) traded steadily through Tuesday's European session after recovering some ground lost following news of a preliminary...

The Pound Euro (GBP/EUR) exchange rate softened on Tuesday, as upbeat German economic data helped to underpin the common currency. At the time of writing, GBP/EUR was trading at €1.1556, down slightly on the day. The Pound (GBP) was subdued on Tuesday, with investors wary of taking bold positions before a run of major UK events later in the week. Wednesday’s UK inflation data could set the tone for Sterling,...

The Pound to Euro exchange rate (GBP/EUR) enters a pivotal week on the back foot, slipping back towards 1.1560 as investors prepare for a potentially market-moving combination of economic data, central bank decisions and political developments. With the Bank of England policy meeting, UK inflation data and the closely watched Makerfield by-election all due within days, Sterling faces one of its most important tests of the...

The Pound to Dollar exchange rate (GBP/USD) climbed to 10-day highs above 1.3460 after reports that the US and Iran had agreed a peace deal boosted risk appetite and reduced demand for the safe-haven US Dollar. Lower oil prices and improving market sentiment helped Sterling advance, although investors remain cautious ahead of a crucial week of central bank decisions and key UK political developments. GBP/USD Forecasts:...

The Pound to Euro (GBP/EUR) exchange rate edged lower at the start of the week as a broad retreat in the US Dollar (USD) helped underpin demand for the single currency. The GBP/EUR exchange rate traded at roughly €1.1563 at the time of writing, down 0.2% from Monday’s opening levels. The Euro (EUR) moved higher on Monday as investors rotated out of the US Dollar following reports that Washington and Tehran had agreed...

The Pound US Dollar (GBP/USD) exchange rate climbed to a ten-day high on Monday, as news of a framework peace agreement between the US and Iran lifted risk appetite. At the time of writing, GBP/USD was trading at $1.3426. The pairing had retreated from an earlier peak of $1.3461, but remained higher on the day. The US Dollar (USD) opened the week on the back foot, with demand for the safe-haven currency dented by growing...