Currency News: UK daily forex news and forecasts

The Pound to New Zealand Dollar (GBP/NZD) exchange rate has dipped this morning as NZD finds support in the latest dovish Federal Reserve interest rate decision from the US. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9952 level as Sterling relies on coronavirus developments to drive movement in the currency. Pound (GBP) Weakens on Lack of Economic Data The Pound has weakened against the New...

The Pound New Zealand Dollar (GBP/NZD) exchange rate has edged higher this morning as NZD exchange rates remain on the back foot against an ongoing surge in global coronavirus cases. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9978 level as the UK enjoys a 7 day fall in UK coronavirus cases. Pound (GBP) Steady on Positive UK Coronavirus Developments The Pound has remained steady against the New...

The Pound to Canadian Dollar exchange rate (GBP/CAD) has been mixed for much of the day as the Canadian Dollar finds fresh impetus to head higher on the back of rising oil prices. The GBP/CAD pairing are currently trending at around CA$1.7332 as the Pound struggles to hold onto any meaningful gains. Pound Sterling (GBP) Exchange Rate Mixed on UK CBI Distributive Trades The Pound has been mixed against the Canadian Dollar...

GBP/AUD Exchange Rate Edges Higher on Risk-Off Mood The GBP/AUD exchange rate rose today following reports of a souring of relations between the US and China during the meting in the Chinese city of Tianjin. Chinese Ministry of Foreign Affairs reported that Beijing had described the relationship between the two countries as being in a ‘stalemate’. The pairing is trading around AU$1.87 at the time of writing. Nick Marro,...

The Pound Euro (GBP/EUR) exchange rate has dipped since markets opened this morning as the latest flash PMI figures from the UK showed a sharp slowdown in growth. At the time of writing the GBP/EUR pairing are trading around the 1.1650 level as flash PMI figures from the Eurozone hit a 21-year high. Pound (GBP) Exchange Rate Stumbles on Disappointing Economic Data The Pound has found itself stumbling against the Euro this...

GBP/EUR Exchange Rate Rises, UK Factory Growth Boosts Sterling The Pound Euro (GBP/EUR) exchange rate rose by 0.4% today as UK factory output and orders surged to their highest growth rate since the 1970s, buoying confidence in the UK economy. The pairing is currently trading around €1.16. Analysts at CBI Economics commented on the UK manufacturing sector, saying: ‘UK manufacturing output volumes grew at the...

The Pound Canadian Dollar (GBP/CAD) exchange rate continues to fall during this morning’s session as coronavirus worries continue to keep Sterling investors concerned and a hoped rebound in oil prices drives movement in the Canadian Dollar. At the time of writing the GBP/CAD pairing are trending around the CA$1.7271 level as the commodity-correlated ‘Loonie’ benefits from a more positive outlook for Canada’s largest...

GBP/CAD Exchange Rate Sinks as Hopes of Rising Oil Prices Boost ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.5% today following an upbeat forecast for oil prices from Goldman Sachs analysts, who said they see an ‘upside’ to prices following the OPEC+ supply deal. The pairing is currently fluctuating around CA$1.73. As a result, the commodity-correlated ‘Loonie’ has benefited from an...

GBP/EUR Exchange Rate Sinks, England Lifts Lockdown Restrictions The Pound Euro exchange rate fell by -0.3% today despite England lifting all Covid-19 restrictions on ‘freedom day’. Labour leader Keir Starmer described the decision as being ‘reckless’ setting up the UK for a ‘summer of chaos’. The pairing is trading around €1.16 at the time of writing. Starmer said: ‘Labour does not support the...

Euro (EUR) Struggles to Rally on Positive EU Inflation Data Despite positive EU inflation data, the Euro (EUR) has struggled to find support this morning as analysts remain bullish on the Euro’s trading partners. A persistent buying bias in the US Dollar has weighed upon the single currency, alongside shrinking German yields. This morning’s Eurozone inflation data for June hit targets exactly, supplying reassurance...