Currency News: UK daily forex news and forecasts

Pound (GBP) Exchange Rates Dented by Bank of England Governor’s Comments The Pound to US Dollar (GBP/USD) exchange rate remained on a softer footing in the wake of comments from Bank of England (BoE) Governor Andrew Bailey. As Bailey indicated that inflation is unlikely to remain elevated for long this added to expectations of the BoE’s ongoing dovishness. With investors still seeing little chance of the central bank...

The Pound to New Zealand Dollar (GBP/NZD) exchange rate is rangebound this morning as Sterling continues to find support in optimism surrounding the UK’s lockdown easing. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9566 level as a cautious market mood limits the New Zealand Dollar. Pound (GBP) Mixed on UK Lockdown Easing Concerns The Pound is mixed against the New Zealand Dollar today as a...

Euro (EUR) Exchange Rates Under Pressure Ahead of ECB Meeting Minutes The Euro to US Dollar (EUR/USD) exchange rate found itself on a narrow trend in the absence of any fresh Eurozone economic data releases. Anticipation ahead of the release of the European Central Bank’s (ECB) most recent set of meeting minutes also put pressure on the Euro at this stage. With markets expecting to see another dovish message from the...

The Pound to US Dollar (GBP/USD) exchange has weakened today after markets digest the latest rise in inflation from the US. At the time of writing the GBP/USD pairing are trading at around $1.4033 as optimism surrounding the UK’s lockdown easing helps to limit any major losses. Pound Sterling (GBP) Exchange Rate Weakens on Lack of Data In absence of any notable data from the UK today the Pound has been open to losses...

GBP/AUD Exchange Rate Edges Higher as UK Economic Confidence Continues to Grow The Pound Australian Dollar (GBP/AUD) exchange rate rose by 1% today after the UK rebounded in March thanks to the nation’s effective rollout of Covid-19 vaccines. The pairing is currently trading around AU$1.82. Sterling continued to rise against the Australian Dollar today as the outlook for the UK economy continues to improve. Chancellor...

Pound (GBP) Exchange Rates Rally as Monthly UK GDP Betters Forecast The Pound to Euro (GBP/EUR) exchange rate extended its uptrend on Wednesday as the monthly UK gross domestic product reading bettered forecasts. As growth jumped 2.1% on the month in March this helped to encourage hopes of a stronger second quarter growth rebound to come. Although the first quarter GDP still showed a -1.5% contraction this was not enough...

The Pound to US Dollar (GBP/USD) exchange rate has been mixed for much of the day as Sterling continues to be supported by England’s roadmap out of lockdown. At the time of writing the GBP/USD pairing are trading at around $1.4142 as USD tries to pullback from disappointing employment data from the US at the end of last week. Pound Sterling (GBP) Exchange Rate Mixed on UK Economic Optimism The Pound has been mixed...

GBP/AUD Exchange Rate Rises Ahead of May’s Easing of UK Lockdown Measures The Pound Australian Dollar (GBP/AUD) exchange rate rose today after Prime Minister Boris Johnson confirmed that England’s lockdown will be eased on 17 May. The pairing is trading around AU$1.80 at the time of writing. GBP rose against the ‘Aussie’ after the PM confirmed that England will enter the next stage of lockdown easing, with households...

Pound (GBP) Exchange Rates Rally Sharply Thanks to UK Economic Optimism The Pound to Australian Dollar exchange rate rallied sharply at the start of the week thanks to a fresh wave of optimism over the UK outlook. As the Scottish Nationalist Party (SNP) failed to secure an absolute majority in last week’s local elections the risk of any new independence referendum diminished. Investors also took encouragement from the...

GBP/USD Exchange Rate Edges Higher as UK Economic Confidence Continues to Grow The Pound US Dollar (GBP/USD) exchange rate rose by 0.7% today after Prime Minister Boris Johnson reiterated that the UK’s roadmap for easing lockdown restrictions ‘remains on track’. The pairing is currently trading around $1.40. Sterling headed higher against the ‘Greenback’ today as confidence in the UK economy continues to grow, with...