Currency News: UK daily forex news and forecasts

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Falls as Third ‘Meaningful Vote’ Edges Closer The Pound Japanese Yen (GBP/JPY) exchange rate slipped over the course of Monday as Brexit pessimism weighed on Sterling. The pairing is currently trading at an inter-bank rate of ¥147.47. Sterling continues to struggle to hold onto last week’s gains as traders contemplate Brexit possibilities that have now opened up,...

The Pound to US Dollar (GBP/USD) exchange rate is down by nearly 0.8% today and is currently trading around $1.3195 on the inter-bank market. Sterling (GBP) has struggled against the US Dollar (USD) today as Prime Minister Theresa May once again attempts to gain support for her Brexit deal from both the DUP and rebel Tory MPs ahead of a possible vote on Wednesday. This third ‘meaningful vote’ however is conditional on...

Pound Sterling Euro (GBP/EUR) Exchange Rate Slumps as Third Meaningful Vote Ruled Out As the House of Commons Speaker ruled out the prospect of a third meaningful vote unless the Brexit deal sees a ‘substantial change’ the Pound Sterling to Euro (GBP/EUR) exchange rate slumped. Investors were caught off guard by the move, having expected to see Theresa May put her rejected deal to a fresh parliamentary vote this...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Falls in spite of Brexit Extension Vote After Parliament voted in favour of extending the Brexit deadline the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate failed to find fresh gains. The mood towards Pound Sterling soured somewhat in the wake of the vote, with markets bracing for an even longer period of Brexit-based uncertainty. Although the odds of...

A slight flare up in Brexit uncertainty towards the end of the week ultimately had little impact on the British Pound to New Zealand Dollar (GBP/NZD) exchange rate, as fading concerns that a no-deal Brexit was possible helped the Pound to sustain major gains. Still, the New Zealand Dollar was able to push GBP/NZD back slightly from its best levels due to these uncertainties as well as weakness in NZD rivals. After opening...

Market expectations that a worst-case scenario no-deal Brexit is becoming less and less likely has helped the British Pound to Indian Rupee (GBP/INR) exchange rate to advance this week. However, lingering Brexit uncertainties and strong support for the Indian Rupee all week have made it difficult for the pair to hold its best levels. Since markets opened this week, GBP/INR has climbed from its opening level of 91.10 due to...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Fails to Hold Gains After Latest Brexit Vote After hitting its highest level since the Brexit referendum the Pound Sterling to Australian Dollar (GBP/AUD) struggled to hold onto its bullish trend. While MPs voted to rule out a no-deal Brexit during Wednesday’s debate this was not enough to keep the Pound on a stronger footing for long. Even though the risk of the...

EUR/USD Exchange Rate Falls as Euro Traders Brace for Brexit Vote The Euro US Dollar (EUR/USD) exchange rate is down by nearly 0.2% today and is currently trading around $1.1311 on the inter-bank market. EUR fell against the stronger US Dollar today despite the publication of the year-on-year German Harmonised Index of Consumer Prices figures for February holding steady at 1.7%. These were followed by the publication of...

Australian Dollar US Dollar (AUD/USD) Exchange Rate Dips as US Durable Goods Rises Today the Australian Dollar US Dollar (AUD/USD) exchange rate has fluctuated over the course of the session, with the pairing currently trading down at an inter-bank rate of $0.7056. Data showed that US non-defence capital goods orders (excluding aircraft) rose by a better-than-forecast 0.8% in January. This was the highest rise in orders...

A fairly resilient Canadian Dollar, as well as market demand for riskier trade-correlated currencies, briefly saw the British Pound to Canadian Dollar (GBP/CAD) exchange rate shed all of Monday’s gains yesterday, but continued Brexit speculation has kept the Pound buoyed above the week’s opening levels as investors anticipated upcoming major Brexit developments. Since opening this week at the level of 1.7455, GBP/CAD has...