Currency News: UK daily forex news and forecasts

A combination of poor UK data and market safe haven demand left the British Pound to Swiss Franc (GBP/CHF) exchange rate plummeting today. Since markets opened this week, the pair has been trending lower as the Pound’s rebound attempt unravels. However, the pair may have fallen even further if not for the market’s mixed appetite for safe haven correlated currencies like the Swiss Franc. Brexit and UK stimulus hopes lifted...

Pound Sterling US Dollar (GBP/USD) Exchange Rate Falls as Traders Flock Back to Safety The Pound Sterling US Dollar (GBP/USD) exchange rate edged -0.3% lower. This left the pairing trading at around $1.2521. The US Dollar edged higher on Tuesday as renewed concerns about US-China relations and rising coronavirus cases dented risk appetite. Growing tensions between the US and China sent traders flocking back to safety,...

GBP/AUD Exchange Rates Sinks as ‘Aussie’ Receives Boost From Improving Risk Sentiment The Pound to Australian Dollar (GBP/AUD) exchange ratel fell by -0.5% today, with the pairing currently trading around $1.80. The Australian Dollar (AUD) benefited today from growing hopes of a possible vaccine for Covid-19. As a result, risk-sentiment improved as optimism over the global economy’s recovery increased. Scott Gottlieb,...

The British Pound to Japanese Yen (GBP/JPY) exchange rate is climbing today, continuing the advances the pair has seen for around half a month now. While the pair’s gains are narrower than gains seen in recent weeks, this is due to the Pound falling back against other major currencies. Overall, the Japanese Yen’s broad weakness in reaction to global coronavirus developments was the primary cause for the pair’s gains this...

Pound Sterling US Dollar (GBP/USD) Exchange Rate Muted as Traders Eye UK’s ‘New Start’ Plan The Pound Sterling US Dollar (GBP/USD) exchange rate remained flat on Monday. This left the pairing trading at around $1.2599. Earlier today, GBP/USD rose towards a 200-day moving average of $1.27 before falling back. Sterling was boosted by the rise in risk appetite and further stimulus announced by Boris Johnson’s...

GBP/ZAR Exchange Rate Edges Higher as South Africa’s Economic Outlook Darkens The Pound to South African Rand (GBP/ZAR) exchange rate rose by 0.7% today, with the pairing currently trading around R21.37. The South African Rand (ZAR) has continued to struggle today after yesterday saw the latest South African Manufacturing Output figures for June fall by -49.4% in April. StatsSA, the South African statistics agency,...

Pound Sterling Euro (GBP/EUR) Exchange Rate Muted as Rise in Virus Cases Undermines Swift Economic Recovery The Pound Sterling Euro (GBP/EUR) exchange rate remained flat on Friday morning. This left the pairing trading at around €1.1154. Friday morning saw the release of better-than-expected industrial production from the Eurozone. France’s production rose by 19.6% in May, up from a dire upwardly revised slump of...

GBP/ZAR Exchange Rate Sinks Despite Plummeting South African Manufacturing Production Data The Pound to South African Rand (GBP/ZAR) exchange rate dipped today, with the pairing currently trading around R21.33. The South African Rand (ZAR) rose today as global economic recovery hopes lifted risk-on sentiment, boosting the risk-averse South African currency. ZAR has benefited from a sell-off of the US Dollar (USD) as...

Despite market risk sentiment rising again today, the British Pound to New Zealand Dollar (GBP/ZAR) exchange rate is testing its best levels all week. As markets show a delayed reaction to UK Chancellor Rishi Sunak’s fiscal policy plans, the Pound is advancing today. Sterling may struggle to keep recovering though, as the strong New Zealand coronavirus outlook as well as resilience in market risk-sentiment are keeping the NZD...

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Slides as Optimistic Traders Buy into Riskier Assets The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.2% on Thursday morning. This left the pairing trading at around R21.3088. The Rand was able to make gains against the Pound today as markets were increasingly optimistic about the prospect of a gradual pick up in the global economy....