Currency News: UK daily forex news and forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Falls as Carney sees ‘Notable’ Increase in No-Deal Risk The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped and the pairing is currently trading at an inter-bank rate of R18.0702. On Wednesday, Bank of England (BoE) Governor Mark Carney along with other policymakers spoke in Parliament about the bank’s Inflation Report. Carney emphasised that the...

After hitting its best levels in weeks yesterday, the British Pound to US Dollar (GBP/USD) exchange rate tumbled due to fresh comments from Federal Reserve officials. However, the US Dollar’s appeal was limited as the Fed remained dovish overall, and investors were hesitant to make any big moves on the US currency ahead of upcoming major US ecostats and Friday’s anticipated G20 Summit. US Dollar weakness has been one of the...

GBP/AUD Exchange Rate Falls as Risk-Appetite Returns US-China Trade Tensions Ease The Pound Australian Dollar (GBP/AUD) exchange rate fell by 0.4% today and is currently trading around AU$1.815 on the interbank market. The Australian Dollar (AUD) rose against the Pound (GBP) as risk-appetite returned following comments from Steven Mnuchin, the US Treasury Secretary, which indicated a possible US-China trade deal. Mr...

Despite persistent signs of weakness in Eurozone economic activity since last week’s dovish shift from European Central Bank (ECB) President Mario Draghi, the Euro to British Pound (EUR/GBP) exchange rate has been able to avoid major losses this week so far. The Euro is benefitting from weakness in rivals as well as the dovish shift from the Federal Reserve. EUR/GBP spent most of last week fluctuating within a relatively...

GBP/USD Exchange Rate Falls as US-China Trade Talk Optimism Rises The Pound US Dollar (GBP/USD) exchange rate eased today and is currently trading around $1.2724 on the interbank market. The US Dollar (USD) edged higher against the Pound (GBP) following the publication of the US Housing Price Index figures for April, which rose above the expected 0.2% to 0.4%. However, these were followed by the annual S&P/Case-Shiller...

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as Johnson ‘Serious’ About Leaving the EU The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped, and the pairing is currently trading at an inter-bank rate of AU$1.8240. On Tuesday, front-runner Boris Johnson revealed that getting the UK out of the EU was a ‘do or die’ commitment. In an earlier interview with the BBC, Johnson said he was...

Last week saw European Central Bank (ECB) President Mario Draghi took a dovish shift in tone, but despite this the Euro to British Pound (EUR/GBP) exchange rate ultimately climbed throughout the week due to concerns about UK politics and Brexit causing broad weakness in the Pound. The Euro continued to edge higher today despite the latest Eurozone data coming in mixed. After opening last week at the level of 0.8925, EUR/GBP...

GBP/NZD Exchange Rate Fell as NZ Traders Brace for Trade Balance Figures The Pound New Zealand Dollar (GBP/NZD) exchange rate fell today and is currently trading around NZ$1.9269 on the interbank market. The New Zealand Dollar (NZD) rose against the Pound (GBP) following the release of the annual NZ credit card spending figures for May, which rose above consensus 5.4% to 6.6%. NZD traders will, however, be awaiting the...

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls on an Upbeat RBA The Pound Sterling Australian Dollar (GBP/AUD) exchange rate fell and the pairing is currently trading at an inter-bank rate of AU$1.8310. On Monday an upbeat speech from the Reserve Bank of Australia’s (RBA) Governor Philip Lowe likely provided an upswing of support for the ‘Aussie’. Despite speaking of risks to global growth, the RBA Governor...

Euro US Dollar (EUR/USD) Exchange Rate Muted as Eurozone Optimism Slumps to Four-and-a-Half Year Low The Euro US Dollar (EUR/USD) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of $1.1299. On Friday data showed that the Eurozone’s flash PMI composite hit a seven-month high of 52.1 in June. Growth was largely driven by the service sector, which offset the ongoing downturn in the...