Currency News: UK daily forex news and forecasts

The Euro to Dollar exchange rate (EUR/USD) enters a pivotal week with investors focused squarely on the Federal Reserve's latest policy decision. While no rate increase is expected this month, growing speculation that the Fed could tighten policy later this year has provided fresh support for the US Dollar and left EUR/USD vulnerable after recent tests of the 1.1500 area. EUR/USD Forecasts: Crucial Fed decision ING...

The Pound to Dollar exchange rate (GBP/USD) has rebounded from support near 1.3300, but investors face a crucial week with both the Federal Reserve and Bank of England set to announce policy decisions. While improving risk appetite has helped Sterling recover ground, markets remain deeply divided over the outlook for interest rates on both sides of the Atlantic GBP/USD Forecasts: Crucial central bank decisions...

The Pound to Euro exchange rate (GBP/EUR) remained trapped below the key 1.1600 level as investors brace for a potentially pivotal week featuring both the Bank of England policy decision and the closely watched Makerfield by-election. With monetary policy and UK politics converging at the same time, markets are preparing for increased volatility in Sterling as traders assess the outlook for interest rates, fiscal policy...

The Pound to Euro (GBP/EUR) exchange rate drifted lower on Thursday as investors assessed the outcome of the European Central Bank’s latest policy meeting. At the time of writing, GBP/EUR was trading at approximately €1.1574, down only modestly from the opening levels of the session. The Euro (EUR) found support on Thursday after the European Central Bank announced a quarter-point increase in interest rates, its...

The Pound US Dollar (GBP/USD) exchange rate struggled to gain traction on Thursday, with investor sentiment dented by lingering uncertainty in the Middle East. At the time of writing, GBP/USD was trading at around $1.3362, slightly lower on the day. The US Dollar (USD) stood its ground against a majority of its peers on Thursday, as a broad wave of risk aversion fuelled demand for the safe-haven currency. Escalating...

The Pound to Euro exchange rate (GBP/EUR) briefly challenged the 1.16 level before slipping back towards 1.1580 after the European Central Bank delivered a widely expected 25 basis-point rate hike. While the Euro initially drew support from the move, policymakers signalled that further tightening remains firmly on the table, reinforcing expectations that interest rates could rise again as soon as July and limiting...

The Pound to Dollar exchange rate (GBP/USD) has continued to show resilience, holding around the 1.3400 level despite a stronger US inflation backdrop and persistent expectations that the Federal Reserve could keep policy tighter for longer. While the dollar remains supported by rising real yields, Sterling has so far resisted a deeper correction, leaving markets questioning whether the recent recovery can extend...

The Pound US Dollar (GBP/USD) exchange rate advanced on Wednesday, even after the latest US inflation figures showed price pressures continued to build. At the time of writing, GBP/USD was trading near $1.3401, up approximately 0.2% from the start of the session. The US Dollar (USD) struggled to attract meaningful support on Wednesday as investors assessed the latest US consumer inflation data. Figures released by the...

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday, as limited economic data and caution ahead of the European Central Bank’s (ECB) latest policy decision kept the pairing subdued. At the time of writing, GBP/EUR was trading at €1.1583, slightly below Tuesday evening’s two-week high of €1.1590. The Pound (GBP) struggled to find a firm footing on Wednesday, with a lack of major UK...

The Pound to Euro exchange rate (GBP/EUR) has edged back towards the 1.16 level as Sterling continues to prove surprisingly resilient despite expectations that the European Central Bank will raise interest rates this week. Investors remain cautious over the Eurozone growth outlook, while signs that the UK economy may be weathering the energy shock better than feared have helped limit downside pressure on the Pound. GBP/EUR...