Currency News: UK daily forex news and forecasts

The Pound Euro (GBP/EUR) exchange rate edged lower on Tuesday as markets assessed the latest UK government borrowing figures alongside fresh data from the Confederation of British Industry (CBI). At the time of writing, GBP/EUR was trading at around €1.1652, having drifted modestly lower over the course of the session. The Pound (GBP) struggled for momentum on Tuesday as fresh UK government borrowing figures...

The Pound US Dollar (GBP/USD) exchange rate came under renewed pressure on Tuesday, briefly falling to its weakest level since late July as markets digested the latest UK public borrowing figures. At the time of writing, GBP/USD was trading around $1.3364. The pairing remained slightly below Tuesday’s opening levels, although it had recovered somewhat from the near two-month low reached earlier in the session. Sterling...

The Pound to Dollar exchange rate (GBP/USD) has recovered towards 1.3390 after once again finding support below 1.3350, with a pullback in energy prices taking some of the momentum out of the US Dollar. Pound Sterling remains vulnerable, however, as markets continue to price a hawkish Federal Reserve outlook and investors await fresh evidence on the relative strength of the US and UK economies. GBP/USD Forecasts:...

The Pound to Euro exchange rate (GBP/EUR) recovered towards 1.1650 after falling to two-week lows near 1.1620 following the Bank of England's decision to leave rates unchanged. Policymakers still appear reluctant to tighten, but persistently high energy prices are rapidly reducing their room to wait, with a growing number of investment banks now forecasting a November rate hike. GBP/EUR Forecasts: Edging...

The Pound to Euro (GBP/EUR) exchange rate traded within a narrow range at the start of the week as investors assessed the fallout from disappointing results in Germany’s latest regional elections. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1659, leaving the pairing virtually unchanged from Monday’s opening levels. The Euro (EUR) struggled to find momentum on Monday after regional...

The Pound US Dollar (GBP/USD) exchange rate remained subdued on Monday as the impact of last week’s central bank decisions continued to shape the pairing. At the time of writing, GBP/USD was trading at $1.3387, having slipped marginally on the day. The Pound (GBP) struggled to find a clear direction on Monday, with the absence of major UK data leaving Sterling without a fresh catalyst. The currency was also subdued...

The Euro to Dollar exchange rate (EUR/USD) has fallen to seven-week lows below 1.1500 after the Federal Reserve raised interest rates and signalled that further tightening remains likely. The Dollar continues to benefit from elevated US yields and persistent energy-price risks, but the longer-term debate is shifting towards whether the Fed will ultimately be forced to reverse course as inflation and economic growth slow in...

The Pound to Dollar exchange rate (GBP/USD) has slumped to seven-week lows below 1.3350 as diverging Federal Reserve and Bank of England policy expectations favour the US currency. The Fed raised rates to 4.00% and retained a hawkish stance, while the BoE held at 3.75%, leaving Sterling vulnerable if markets further scale back expectations of UK tightening. GBP/USD Forecasts: Pound Vulnerable on Divergence? Danske...

The Pound to Euro exchange rate (GBP/EUR) recovered towards 1.1650 after falling to two-week lows near 1.1620 following the Bank of England's decision to leave rates unchanged. Policymakers still appear reluctant to tighten, but persistently high energy prices are rapidly reducing their room to wait, with a growing number of investment banks now forecasting a November rate hike GBP/EUR Forecasts: Time running out...

The Pound to Dollar exchange rate (GBP/USD) fell to seven-week lows around 1.3365 after contrasting Federal Reserve and Bank of England decisions strengthened the Dollar's interest-rate advantage. The Fed raised rates and signalled that further tightening remains likely, while the BoE held at 3.75%, leaving Sterling under pressure despite stronger-than-expected UK retail sales. GBP/USD Forecasts: Near Seven-Week...