Currency News: UK daily forex news and forecasts

GBP/USD Exchange Rate Increases as May Instigates Cross-Party Talks The Pound US Dollar (GBP/USD) exchange rate is up today and is currently trading around $1.2917 on the inter-bank market. The Pound (GBP) gained on the US Dollar (USD) today after Prime Minister Theresa May emerged unscathed from last night’s no-confidence vote in the government – although winning by a meagre majority of just 19. Today will see May...

Investors briefly sold the British Pound to Australian Dollar (GBP/AUD) exchange rate last night, but the pair ultimately became more appealing even though the UK government suffered a historic loss on its negotiated UK-EU Brexit plan. Poor Australian data made it easier for the Pound to advance during Wednesday’s European session. Since opening this week at the level of 1.7790, GBP/AUD has been trending with an upside bias...

Pound Sterling weighed Down by New Zealand Dairy Price Increase Today is the fifth and final day of the UK Parliament’s Brexit debates, with the ‘meaningful vote’ scheduled for later on this evening. The Pound New Zealand Dollar (GBP/NZD) exchange rate slid over the course of the morning, and is currently trading at a rate of NZ$1.8818. Theresa May is expected to lose the vote this evening, with the Democratic...

Speculation of a Brexit delay, as well as lasting weakness in the US Dollar, prompted investors to buy the British Pound to US Dollar (GBP/USD) exchange rate yesterday. However, the pair’s gains were limited, and investors quickly sold the pair again on Tuesday as a key UK Parliament vote over the Brexit process approached. The US Dollar has been weaker this year so far, and this was one of the main reasons GBP/USD surged...

Due to combination of Brexit hopes and weaker commodity price news, the British Pound to Canadian Dollar (GBP/CAD) exchange rate recovered at the end of last week. Despite broad Brexit uncertainties on Monday, the Canadian Dollar failed to capitalise due to weaker market appetite for riskier currencies. After opening last week at the level of 1.7017, GBP/CAD spent most of last week tumbling and hit a one month low of 1.6772 on...

GBP/NZD Exchange Rate Up as Chinese Imports Fall below Expectation The Pound New Zealand Dollar (GBP/NZD) exchange rate is up today by 0.4% and is currently trading at $1.8858. Today’s release of China’s latest trade ecostats has hit the New Zealand Dollar (NZD) after Chinese imports and exports figures for December showed a worse-than-expected decrease, hitting a two-year low. With the New Zealand Dollar sensitive to...

GBP/AUD Surges on Further Signs of Chinese Slowdown The Pound Australian Dollar (GBP/AUD) exchange rate is up by nearly 0.5% today and is currently trading in the region of AUD$1.7838. The release of today’s Chinese data stats has hit the Australian Dollar (AUD) with China’s exports and imports figures for December taking a worse-than-expected downturn, as exports hit a two-year low. With the Australian Dollar...

Higher demand for riskier currencies, including emerging market currencies like the South African Rand, left the British Pound to South African Rand (GBP/ZAR) exchange rate sliding for most of last week. A report claiming that Brexit could be delayed helped the pair to recover slightly before markets closed for the week, however. After opening last week at the level of 17.79, GBP/ZAR briefly climbed before tumbling for the rest...

Pound Australian Dollar (GBP/AUD) Exchange Rate Slips as UK Manufacturing Shows Decline The Pound Australian Dollar (GBP/AUD) exchange rate is down today and is currently trading in the region of AUD$1.7704. The Pound (GBP) struggled against the Australian Dollar (AUD) despite the release of the UK’s GDP figures for November, which showed a better-than-expected increase of 0.2%. However, this failed to make much of an...

A combination of Brexit uncertainties and rising risk-sentiment has made the British Pound to Australian Dollar (GBP/AUD) exchange rate unappealing this week. The Pound is also unlikely to find much strength in the coming days, as investors highly anticipate a UK Parliament vote on Brexit set to be held next week. Since the beginning of the year, GBP/AUD has been tumbling as market demand for risky currencies rises and the...