Currency News: UK daily forex news and forecasts

GBP/USD Exchange Rate Rises despite Theresa May Facing Vote of No Confidence The Pound Sterling US Dollar (GBP/USD) exchange rate is up today, and is currently trading at $1.2528, despite British Prime Minister Theresa May facing a vote of no confidence from Tory MPs tonight. GBP was strengthened slightly by yesterday’s release of the average earnings figures for October, which showed a better-than-expected increase, rising...

As UK PM Theresa May rushed around the EU to acquire assurances on some details of her negotiated UK-EU Brexit deal, some investors opted to buy the embattled British Pound to Euro (GBP/EUR) exchange rate back from its worst levels on Tuesday. Sterling’s gains were ultimately limited, despite economic and political uncertainties weighing on the Euro. After a fall of around a cent last week, GBP/EUR may be in for even deeper...

The US Dollar Pound Sterling (USD/GBP) exchange rate is down today, and is currently trading at £0.7923, after GBP was strengthened by today’s release of October’s average earnings figures which showed a better-than-expected increase. USD, meanwhile, was hit by last week’s arrest of China’s comms giant Huawei’s Chief Financial Officer, Meng Wanzhou, which stalled market confidence in the ‘Greenback’ as trade...

After sustaining significant losses on Monday the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate staged a modest recovery once the initial bout of Brexit jitters eased. Theresa May’s decision to postpone the parliamentary vote on Brexit in order to return to Brussels for further discussions with EU leaders still left the Pound under pressure, however. While the decision avoided an embarrassing defeat in the...

GBP/NZD Exchange Rate Edges Back Above NZ$1.83   While Brexit uncertainty remains rife following PM Theresa May’s decision to cancel the parliamentary vote, the Pound was able to stabilise on Tuesday, with the Pound Sterling New Zealand dollar (GBP/NZD) exchange rate recouping almost 0.3%. The Pound’s recovery against currencies like the US and Canadian Dollars was a little more impressive, with GBP deriving some...

The Pound Sterling US Dollar (GBP/USD) exchange rates plummeted today, and is currently trading down 0.8% at $1.2628, after the British Prime Minister Theresa May reportedly agreed to delay Tuesday’s Brexit vote. Labour leader, Jeremy Corbyn, lashed out, commenting: ‘The government has decided Theresa May's Brexit deal is so disastrous that it has taken the desperate step of delaying its own vote at the eleventh...

The Pound US Dollar (GBP/USD) exchange rate is down, and is currently trading at $1.2749, as the UK’s Halifax house prices figures for November fell to a six-year low rate of growth today. GBP has remained sensitive to Brexit developments as Prime Minister Theresa May rallies to gain support for her UK-EU withdrawal agreement. GBP found little strength against USD today, despite yesterday’s release of the US trade...

The British Pound to Euro exchange rates have been unable to benefit from weakness in the single currency or brief rises in speculation that the Brexit process could be somehow avoided altogether. Since opening this week at the level of 1.1265, GBP/EUR has trended with a significant downside bias. GBP/EUR touched a two month low of 1.1186 earlier in the week and failed to sustain any recovery attempts. At the time of writing...

Today has seen global stock markets slump for a third day in a row, as there are fears fresh tensions between the US and China may emerge as the result of the arrest of tech giant Huawei’s chief financial officer, Meng Wanzhou in Vancouver, where she is facing extradition to the USA. Better-than-expected German factory order figures were released early this morning showing orders rose from 0.1% to 0.3% between September and...

The Pound to Australian Dollar (GBP/AUD) exchange rate soared today, and is currently trading up over 1% at AUD$1.7722, as geopolitical risk flares up after the arrest the arrest of Huawei’s Chief Financial Officer, Sabrina Meng Wanzhou. On the back of yesterday’s poor Q3 GDP figures, this pummelled the ‘Aussie’. The Pound (GBP), however, was strengthened by the recent bout of Brexit developments, with the European...