Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate (GBP/EUR) has extended gains to around 1.1590, holding near fresh multi-week highs despite a slight pullback on the day. Sterling remains supported following the latest policy signals from the Bank of England and European Central Bank. A modest easing in ECB rate expectations has underpinned the Pound, although both currencies remain sensitive to shifting interest rate outlooks and ongoing...

The Pound to Dollar exchange rate (GBP/USD) has pushed higher to around 1.3600, marking fresh upside momentum as the dollar remains under pressure following the Federal Reserve decision and cautious policy signals. Markets are now turning their focus to the upcoming US ISM Manufacturing PMI release, with expectations for a modest improvement. The data will be crucial in determining whether GBP/USD can sustain gains above...

The Pound US Dollar (GBP/USD) exchange rate strengthened on Thursday, with Sterling benefiting from a more upbeat market mood while the ‘Greenback’ was pressured by a series of headwinds. At the time of writing, GBP/USD was trading at $1.3576, having gained over 0.7% during the session. The Pound (GBP) traded cautiously at the start of Thursday’s session before gaining ground, as investors assessed the Bank of...

The Pound to Euro (GBP/EUR) exchange rate moved slightly higher on Thursday as markets reacted to fresh policy signals from both the European Central Bank (ECB) and Bank of England (BoE). At the time of writing, the pairing was trading near €1.1570, reflecting a modest uptick from the opening levels. The Euro (EUR) came under early pressure following the publication of the Eurozone’s latest GDP figures, which pointed...

The Pound to Euro (GBP/EUR) exchange rate is holding close to 1.1550, with Sterling struggling for direction as markets brace for crucial policy decisions from the Bank of England and European Central Bank. With interest rates expected to be held steady, attention is firmly on forward guidance and voting splits, as investors assess whether central banks will lean hawkish in response to persistent inflation risks or...

The Pound to Dollar exchange rate (GBP/USD) has edged lower to around 1.3485 after the Federal Reserve held interest rates steady, with markets reacting to a cautious tone and ongoing uncertainty surrounding the Iran situation. Sterling struggled to hold recent highs near 1.36 as the dollar found modest support following a split policy signal from the Fed, while investors remain wary over whether GBP/USD can sustain upside...

The Pound Euro (GBP/EUR) exchange rate traded within a tight range on Wednesday, as markets remained cautious ahead of key interest rate decisions from the Bank of England (BoE) and European Central Bank (ECB). At the time of writing, GBP/EUR was holding around €1.1541, showing little meaningful movement on the day. The Pound (GBP) traded in a narrow range on Wednesday, with limited economic data and a cautious mood...

The Pound US Dollar (GBP/USD) exchange rate weakened on Wednesday as concerns mounted over a sustained disruption to energy exports from the Middle East. At the time of writing, GBP/USD was trading at approximately $1.3496, marking a modest decline from Wednesday's opening levels. The US Dollar (USD) moved higher during Wednesday’s session, underpinned by reports that US President Donald Trump is planning for an...

The Pound to Dollar exchange rate (GBP/USD) has slipped below 1.3500, retreating towards 1.3460 as rising oil prices and weaker risk appetite boosted demand for the US dollar. Brent crude’s surge to three-week highs near $105 has unsettled markets, with ongoing Middle East uncertainty and upcoming Federal Reserve and Bank of England decisions likely to drive further volatility. GBP/USD Forecasts: Dip Below 1.35 The...

The Pound to Euro exchange rate (GBP/EUR) is holding just below 1.1550, with gains capped by selling pressure as markets await the Bank of England’s upcoming policy decision. While expectations of a potentially hawkish BoE tone are offering some support to Sterling, persistent economic risks in both the UK and Eurozone, alongside ongoing energy market uncertainty, are limiting further upside. GBP/EUR Forecasts: Holds...