Currency News: UK daily forex news and forecasts

GBP/AUD Exchange Rate Falls as US-China Trade Developments Remain in Focus The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.5% today. This left the pairing fluctuating around AU$1.786 after the Reserve Bank of Australia’s board reiterated its wait-and-see on monetary policy going forward. The board’s minutes also suggested a neutral approach: ‘Having eased monetary policy at the previous two meetings,...

While the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has sustained most of the gains seen last week, its advance appears to have come to an end and the pair is struggling to hold its best levels. The latest fears that a no-deal Brexit is possible, combined with investors taking a breather from US-China trade jitters, left the pair slightly lower today. Last week was a surprisingly bullish one for GBP/NZD, as...

GBP/CAD Exchange Rate Sinks as Boris Johnson Remains Confident on UK-EU Talk Breakthrough The Pound Canadian Dollar (GBP/CAD) exchange rate eased today, leaving the pairing fluctuating around CA£1.607 as no-deal Brexit fears continue to provide downward pressure on Sterling. Meanwhile, Prime Minister Boris Johnson has said that he is ‘confident’ that the EU will concede on the controversial Irish backstop issue. Mr...

Despite higher market demand for currencies correlated with trade and risk today, the British Pound to South African Rand (GBP/ZAR) exchange rate has been trending within a tighter region since markets opened this morning. Investors are hesitant to make fresh big moves on either the Pound or South African Rand amid political and economic uncertainties. Due to lasting concerns about South Africa’s economic outlook, GBP/ZAR was...

GBP/USD Exchange Rate Falls as a Cross-Party Challenge Mounts against Boris Johnson The Pound US Dollar (GBP/USD) exchange rate eased this morning, with the pairing trading around $1.212 as cross-party opposition against a no-deal Brexit in October has increased since last week. This follows Labour leader Jeremy Corbyn’s call for cross-party MP solidarity against Prime Minister Boris Johnson in a bid to oust the Tory...

While the South African Rand rebounded slightly from weeks of losses, the British Pound to South African Rand (GBP/ZAR) exchange rate is still on track to sustain gains this week as the Pound has rebounded more strongly. Sterling has benefitted from strong UK data and signs that UK politicians are working to prevent the government from heading for a no-deal Brexit. After opening the week at the level of 18.34, GBP/ZAR saw broad...

GBP/NZD Exchange Rate Edges Higher as Cross-Party Opposition to Brexit Mounts The Pound New Zealand Dollar (GBP/NZD) exchange rate rose by 0.6% today, leaving the pairing trading around NZ$1.8919 as cross-party opposition has increased against a no-deal Brexit following Labour leader Jeremy Corbyn’s pledge to lead a caretaker government. Jo Swinson, the Leader of the Liberal Democrats, has said she would be willing to work...

Following the British Pound to Japanese Yen (GBP/JPY) exchange rate’s tumble on fresh global recession speculation last night, the pair has rebounded this morning. Still, the Pound has been unable to sustain strong gains as the Japanese Yen continues to benefit from market demand for safe haven assets. Since opening this week at the level of 127.11, GBP/JPY saw mixed movement until a surprise delay in some US-China trade...

South African Rand (ZAR) Weakened by Recession Fears The South African Rand (ZAR) remained on the back foot on Thursday, as markets remains wary of spooked by the prospect of a global recession. These fears come after US bond yield inverted for the first time in over a decade this week, an event which is traditional thought to herald a prolonged slowdown in the US economy and subsequently global growth. Commenting on...

USD/AUD Exchange Rate Falls as Australian Unemployment Holds Steady The US Dollar Australian Dollar (USD/AUD) exchange rate fell today, leaving the pairing trading around AU$1.477. Australian unemployment rate figure held steady in July, remaining at 5.2% as expected. Meanwhile, the Australian employment change figure for July shot up above forecasts from -2.4 thousand to 41.1 thousand. Marcel Thieliant, the Senior...