Currency News: UK daily forex news and forecasts

GBP/ZAR Exchange Rate Rangebound, South African Inflation Hits Near 9-Year Low The Pound South African Rand (GBP/ZAR) exchange rate held steady today, with the pairing currently trading around R19.062 despite weakening demand for riskier assets as US-China trade relations worsen over tariffs and increasing unrest in Hong Kong. However, the risk-sensitive South African Rand (ZAR) is being propped up by optimism that the South...

Pound Sterling Euro (GBP/EUR) Exchange Rate Muted After ‘Dead Heat’ Debate The Pound Sterling Euro (GBP/EUR) exchange rate was left flat on Wednesday, with the pairing trading at around €1.1673. Sterling was left flat following Tuesday’s inconclusive ITV debate between Prime Minister Boris Johnson and Labour leader, Jeremy Corbyn. While the Prime Minister continued to lead in the polls, last night’s snap poll...

GBP/USD Exchange Rate Steady, Fears Over US Economy Rise as US-China Trade Developments Stall The Pound US Dollar (GBP/USD) exchange rate held steady today, with the pairing currently trading around $1.293 as waning hopes of a US-China trade deal weigh on the ‘Greenback’. Analysts at Reuters commented: ‘Expectations had grown that Washington and Beijing would sign a so-called ‘phase one’ deal this month to scale...

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Falls despite Dovish Central Banks The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate slumped on Tuesday, leaving the pairing trading at around NZ$2.0174. Comments from the Reserve Bank of New Zealand (RBNZ) and its Aussie counterpart, the Reserve Bank of Australia (RBA) suggested they are more dovish than previously thought. While RBNZ assistant...

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Rallies on UK Election Optimism The Pound Sterling South African Rand (GBP/ZAR) exchange rate jumped over 1% this afternoon, leaving the pairing trading at around R19.1381. Sterling rallied at the start of the week as the chance of Prime Minister Boris Johnson’s deal being passed through parliament increased. The Prime Minister announced that all 635...

AUD/USD Exchange Rate Rangebound, US-China Trade Developments in Focus The Australian Dollar US Dollar (AUD/USD) exchange rate held steady today, with the pairing currently trading around US$0.681 after the risk-averse ‘Aussie’ benefited from increasing optimism around a ‘Phase One’ US-China trade deal. China’s news agency, Xinhua, reported that talks between the two superpowers over the weekend were...

GBP/AUD Exchange Rate Eases, Post-Brexit Gloom Weighs on Sterling The Pound Australian Dollar (GBP/AUD) exchange rate fell today, with the pairing currently trading around AU$1.893 as investor confidence in Sterling begins to slip on increasing gloom surrounding the UK’s economy post-Brexit. Neil Mellor, the Senior Currency Strategist at BNY Mellon, was downbeat in his assessment, saying: ‘My concern is – and this is...

Less Dovish BOC Commentary Limits Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Support A lack of dovishness from Bank of Canada (BOC) Governor Stephen Poloz helped to keep the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate under pressure. As Poloz’s latest speech failed to drop any hints that the BOC is likely to ease monetary policy in the coming months the mood towards the Canadian Dollar saw a...

Underwhelming UK Retail Data Limits Pound Sterling US Dollar (GBP/USD) Exchange Rate Upside October’s UK retail sales data failed to impress investors, leaving the Pound Sterling to US Dollar (GBP/USD) exchange rate on a weaker footing. As sales excluding auto fuel unexpectedly contracted -0.2% on the month this undermined confidence in the resilience of the UK economy. With consumers showing less appetite for spending,...

UK election hopes boosting demand for the British Pound to New Zealand Dollar (GBP/NZD) exchange rate hasn’t been enough to help the pair to recover from yesterday’s slump, as the latest Reserve Bank of New Zealand (RBNZ) news has continued to support the New Zealand Dollar’s gains. The Pound’s potential for gains has also been limited amid a week of poor UK ecostats, but trade news has not been enough to knock the New...