Currency News: UK daily forex news and forecasts

Even though the latest raft of Eurozone manufacturing and services PMIs proved somewhat mixed this was not enough to keep the Pound Euro exchange rate on a stronger footing. While the German service sector showed a larger dip in activity than forecast in October the Eurozone’s powerhouse economy still demonstrated general resilience. This bolstered confidence in the outlook of the single currency, especially as the French...

The Pound US Dollar (GBP USD) exchange rate beat a hasty retreat this morning as the pairing was stung by the release of monthly survey data for Britain’s manufacturing sector. Sterling Slips on lacklustre CBI Manufacturing Reports The Pound is trending lower at the start of this week’s session as a markets reacted to a damning report on the UK’s industrial sector’s growth and outlook amongst...

The Pound New Zealand Dollar exchange rate predominantly fluctuated today with markets waiting for Wednesday’s UK GDP release and announcements regarding cabinet positions from New Zealand’s Prime Minister, Jacinda Ardern. NZD Exchange Rates Stabilise Ahead of Cabinet Position Announcements The ‘Kiwi’ caught some air today, steadying in its recent fall as markets prepared for new Prime Minister Jacinda...

Last week saw the Euro make a minor advance against the Pound, from an opening exchange rate on Monday of 0.8889. While the Euro rose to a high of 0.9021 during the week, it ultimately closed only slightly higher at a rate of 0.8933. EUR Drops as Spanish Government Prepares for Catalan Crackdown A worsening of the political situation in Spain has kept the Euro in check today, leading to a decline against the stronger...

The Pound New Zealand Dollar (GBP NZD) exchange rate struck a five-month high this morning as political uncertainty continued to weigh on the ‘kiwi’. New Zealand Dollar (NZD) Falters as New Coalition Government to Enter Power The New Zealand Dollar remains on the back foot today as investors continue to remain wary of the currency as the country faces its first change in power for nearly a decade. While markets...

After tumbling for most of the week on Brexit concerns and pessimism about Britain’s economic outlook, the British Pound to Euro exchange rate has bounced back from its lows. Market jitters about tension between Spain and Catalonia have weakened the Euro slightly. Despite making a decent advance last week, GBP/EUR has shed all of those gains. The pair opened on Monday at around 1.1238 and hit a low of 1.1085 on Friday...

Although last night’s meeting of EU leaders yielded some positive comments this was not enough to particularly boost the Pound US Dollar exchange rate. Even so, confidence in the Pound recovered somewhat as investors took encouragement from signs that EU negotiators could start to prepare for the second phase of talks before the end of the year. While the UK government has missed its initial aim to move onto the subject of...

During Wednesday’s trading session, the Pound appreciated against the Australian Dollar. Opening trading at a rate of 1.6807, GBP later closed higher at 1.6847. GBP AUD Exchange Rate Down -0.5% as UK Sales Disappoint The Pound has dropped against most currency peers today, following a disappointing result for UK retail sales in September. For the year-on-year readings, sales slowed, while they fell into negative ranges...

The Pound Canadian Dollar exchange rate tumbled today as markets reacted to disappointing UK retail sales figures and a clear lack of progress in Brexit negotiations. UK Retail Sales Disappoint – GBP Encumbered UK Retail sales suffered a sharp fall in September, according to the Office of National Statistics (ONS) who reported a fall year-on-year from the previous period’s downwardly revised 2.3% to only 1.2% - far below...

The Pound Euro (GBP EUR) exchange rate fell half a cent this morning as UK retail sales declined faster than expected last month. Pound (GBP) Plummets UK Retail Sales Tumble in September Sterling sentiment took another heavy blow this morning as the latest UK retail figures reported a sharp decline in sales. According to data released by the Office for National Statistics (ONS) retail sales nosedived from a healthy 0.9%...