Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate (GBP/EUR) strengthened back towards the 1.1600 level as investors scaled back expectations for aggressive European Central Bank rate hikes and confidence in the Euro weakened. Sterling also drew support from steady risk appetite and calmer UK bond-market conditions despite lingering political uncertainty surrounding Prime Minister Keir Starmer GBP/EUR Forecasts: Re-tests 1.16 The Pound to...

The Pound to Dollar exchange rate (GBP/USD) pushed to fresh 10-day highs above 1.3500 as improving risk sentiment and hopes for progress in US-Iran negotiations weighed on the US Dollar. However, Sterling struggled to hold gains as investors remained cautious over geopolitical risks, elevated US yields and the prospect of a less dovish Federal Reserve. GBP/USD Forecasts: Retreats from 10-day highs As UK and US markets...

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Tuesday as a sparse data calendar left both currencies without a clear catalyst. At the time of writing, GBP/EUR was trading at €1.1580, down roughly 0.15% on the day. The Pound (GBP) traded in a narrow range on Tuesday, as a risk-off market mood limited demand for the increasingly risk-sensitive UK currency. However, Sterling was able to hold its...

The Pound to US Dollar (GBP/USD) exchange rate edged lower on Tuesday as renewed instability in the Middle East encouraged investors to seek shelter in safer assets. The GBP/USD exchange rate traded around $1.3480 at the time of writing, down roughly 0.2% from the start of the session as market caution intensified. The US Dollar (USD) firmed on Tuesday after reports emerged of fresh US military action targeting sites in...

The Pound to Dollar exchange rate (GBP/USD) remained under pressure as investors favoured the US Dollar amid resilient American economic data, elevated Treasury yields and fading expectations for Federal Reserve interest-rate cuts. With UK political uncertainty and questions over the Bank of England’s next move lingering in the background, Sterling faces a challenging near-term environment despite pockets of...

The Euro to Dollar exchange rate (EUR/USD) came under renewed pressure during the week, slipping below 1.1600 as rising US yields, persistent inflation concerns and stronger demand for the dollar weighed on the single currency. While some banks continue to forecast a stronger Euro over the medium term, investors have become increasingly cautious as expectations for Federal Reserve rate cuts fade and evidence of slowing...

The Pound to Euro exchange rate (GBP/EUR) proved surprisingly resilient during the week, holding above 1.1550 despite a run of softer UK economic data and growing doubts over the scale of future Bank of England interest-rate increases. Sterling benefited from an easing of immediate political fears after Andy Burnham pledged support for existing fiscal rules, helping reverse some of the sharp losses triggered by concerns...

The Pound to Euro exchange rate (GBP/EUR) remained close to 10-day highs near 1.1565 despite another run of disappointing UK economic releases, as weakness in the Euro helped offset concerns over the domestic outlook. Sterling shrugged off weaker retail sales and a larger-than-expected borrowing requirement, with investors instead focusing on growing doubts over Eurozone growth and whether the European Central Bank can...

The Pound to Dollar exchange rate (GBP/USD) slipped back below 1.3400 after disappointing UK business confidence data reinforced concerns that higher energy costs are beginning to weigh heavily on economic activity. Sterling struggled to gain traction as investors weighed evidence of slowing UK growth against persistent inflation pressures, while the US Dollar remained supported by elevated Treasury yields and expectations...

The Pound to Euro exchange rate (GBP/EUR) retreated from 10-day highs above 1.1570 after a sharp deterioration in UK services-sector activity raised fresh concerns over the domestic economic outlook. While Sterling initially benefited from easing pressure in UK bond markets, disappointing PMI data reinforced fears that growth is slowing sharply even as inflationary pressures remain elevated, creating a difficult backdrop...