Currency News: UK daily forex news and forecasts

As with many Pound exchange rates, the British Pound to Japanese Yen (GBP/JPY) exchange rate recovered from yesterday’s dip overnight thanks to this morning’s Brexit comments from EU Chief Negotiator Michel Barnier. However, the Pound’s gains against the Yen were modest and limited, as investors were hesitant to sell the safe haven Japanese Yen amid the latest rise in US-China trade jitters. A combination of Brexit hopes...

GBP/USD Exchange Rate Falls, Brexit Talks Could Exceed EU Summit The Pound US Dollar (GBP/USD) exchange rate fell by -0.8% today, with the pairing currently trading around $1.254 after a UK-EU Brexit breakthrough failed to manifest after the weekend’s intensive negotiations. Michel Barnier, the EU’s Chief Negotiator, also added that talks may have to continue after the EU summit this week, further raising doubts of an October...

The Pound continues to see highly mixed and volatile movement as the Brexit saga continues to blanket the UK outlook with uncertainties, and so following last week’s British Pound to Euro (GBP/EUR) exchange rate surge the pair is falling again today so far. The Pound’s losses are not as sharp as last week’s gains, but they are still highly noteworthy and they come despite a lack of strong market demand for the Euro. Last...

Pound Australian Dollar (GBP/AUD) Exchange Rate Left Muted Ahead of Last-Minute UK-EU Talks The Pound Sterling Australian Dollar (GBP/AUD) exchange rate was left muted and the pairing is currently trading at around AU$1.8585. The Pound’s rally ran out of steam at the start of the week, after increased hopes the UK would leave the European Union in an orderly fashion buoyed GBP last week. On Friday, the EU agreed to hold...

GBP/AUD Exchange Rate Skyrockets on Restored Brexit Deal Hopes The Pound Australian Dollar (GBP/AUD) exchange rate soared by 1.4% today, with the pairing currently trading around AU$1.863 after the EU27 gave the green light for UK-EU Brexit negotiations to enter the key ‘tunnel’ phase. This follows talks between Michel Barnier, the EU’s Chief Brexit Negotiator, and UK Brexit Secretary Stephen Barclay, which were...

Pound Australian Dollar (GBP/AUD) Exchange Rate Jumps as EU Agree to ‘Intensify’ Brexit Discussions The Pound Sterling Australian Dollar (GBP/AUD) exchange rate soared and the pairing is currently trading at around AU$1.8626. Sterling was buoyed by Brexit optimism as European Council President Donald Tusk said that he had received ‘promising signals’ from Irish Taoiseach Leo Varadkar. This afternoon saw the Pound...

Brexit news and speculation dominated the Pound’s movement once again over the past week, and a rise in hopes for a Brexit deal to be met ultimately sent the British Pound to New Zealand Dollar (GBP/NZD) exchange rate surging at the end of the week. Due to the Pound’s sharp moves on Brexit, the trade-correlated New Zealand Dollar’s own benefit from the latest trade news has not been enough to help it avoid losses. After...

GBP/NZD Exchange Rate Eases, New Zealand Dollar Rises on US-China Trade Deal Hopes The Pound New Zealand Dollar (GBP/NZD) exchange rate eased by -0.4%, with the pairing currently trading around NZ$1.934 after the ‘Kiwi’ benefited from heightened risk-appetite as US-China trade negotiations continue in Washington, US, today. Michael Hirson, an Analyst from the political risk consultancy Eurasia Group, commented: ‘I...

Pound Euro (GBP/EUR) Exchange Rate Left Flat as UK Film and TV Production Buoys GDP Growth The Pound Sterling Euro (GBP/EUR) exchange rate was left muted and the pairing is currently trading at around €1.1101. Sterling was left under pressure as data revealed that the UK economy shrank by -0.1% in August, the first monthly contraction since April. However, the Office for National Statistics (ONS) revealed that in the...

Pound US Dollar (GBP/USD) Exchange Rate Muted as EU Officials Deny Brexit Concession Reports The Pound Sterling US Dollar (GBP/USD) exchange rate was left muted and the pairing is currently trading at around $1.2219. Sterling was left under pressure as reports that the European Union was prepared to offer a major concession during Brexit negotiations were denied by officials. A report from The Times said that the bloc...