Currency News: UK daily forex news and forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Slides despite UK Retail Sales Bouncing Back in January The Pound New Zealand Dollar (GBP/NZD) exchange rate has slumped over the course of the morning, and is currently down 0.3%, trading at an inter-bank rate of NZ$1.8680. This morning, UK retail sales exceeded expectations, bouncing back sharply in January and boasting the largest year-on-year rise since December 2016....

GBP/EUR Exchange Rate Rises as Spanish CPI Figures Fall The Pound Euro (GBP/EUR) exchange rate is up today and is trading around €1.1361 on the inter bank market. The Euro struggled against the Pound today following the publication of Spanish CPI figures for January, which fell by 1.3%. These were followed by disappointing Italian EU trade balance figures for December, which fell to € 0.613bn. Meanwhile the Spanish...

UK Retail Sales Boost Lifts Pound Sterling US Dollar (GBP/USD) Exchange Rate A better-than-expected uptick in January’s UK retail sales data helped to lift the Pound Sterling to US Dollar (GBP/USD) exchange rate from its one-month low. As sales picked up 1.2% on the month this gave investors cause for confidence, suggesting that consumers remain unfazed by Brexit jitters. Analysts at TD Securities...

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Weighed Down by Dovish BoE Today the Pound Japanese Yen (GBP/JPY) exchange rate fell, due to a dovish Bank of England (BoE) speech and Brexit anxieties, and is currently trading at an inter-bank rate of ¥142.1900. The Brexit debate in the House of Commons further caused Pound sentiment to slip, with the pairing falling by 0.3%. The Pound has remained low over the...

GBP/USD Exchange Rate Falls as US Retail Sales Plummet The Pound US Dollar (GBP/USD) exchange rate is down today and is currently trading around $1.2817 on the inter-bank market. The US Dollar (USD) gained against the Pound (GBP) today despite US retail sales figures for December falling considerably below expectation by -1.2%. The monthly US retail sales excluding autos figure for December also fell unexpectedly by...

The Canadian Dollar has been steadily gaining this week thanks to stronger commodity prices and rising market demand for riskier trade-correlated currencies. The British Pound to Canadian Dollar (GBP/CAD) exchange rate trended near its worst levels since last month as Brexit jitters made the Pound particularly unappealing. Since opening this week at the level of 1.7174, GBP/CAD has spent most of the week tumbling. On Thursday...

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Rises as UK Real Wages Grow The Pound Japanese Yen (GBP/JPY) exchange rate made gains over the course of the session, with the pairing currently trading at an inter-bank rate of ¥142.95. This morning, following a slew of disappointing UK data releases, the pairing slid, before rallying on positive real wage growth. Data showed that UK inflation had slowed to a...

GBP/ZAR Exchange Rate Climbs Above 1% as South African Retail Sales Plummets The Pound South African Rand (GBP/ZAR) exchange rate soared to over 1% today and is currently trading around R17.9354 on the inter-bank market. Sterling (GBP) gained on the South African Rand (ZAR) today following the publication of South African retail sales figures for December, which fell considerably below expectation by -1.4% - their first slump...

Pound Sterling Euro (GBP/EUR) Exchange Rate Benefits as Eurozone Production Slumps As Eurozone industrial production slumped -4.2% on the year in December this helped to boost the Pound Sterling to Euro (GBP/EUR) exchange rate on Wednesday. With production falling at its fastest pace since the financial crisis, following on from weak French and Italian data, confidence in the Euro naturally diminished. Commenting on the...

Pound (GBP) Exchange Rates Stall as UK Inflation Drops to Two-Year Low The Pound US Dollar (GBP/USD) exchange rate traded in a narrow range on Wednesday morning as markets digested the UK’s latest Consumer Price Index (CPI). According to data published by the Office for National Statistics (ONS), UK inflation slumped from 2.1% to 1.8% in January, falling below forecasts of a slightly more modest drop to 1.9%. This...