Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) surrendered part of its recent recovery after failing to hold above 1.3250, as the Dollar regained some support despite a softer US consumer confidence reading. While Sterling continues to benefit from easing concerns over the UK's political transition, investors remain reluctant to push the pair higher ahead of key US economic data and further comments from Federal Reserve...

The Pound to Euro exchange rate (GBP/EUR) has climbed to a one-year high above 1.1620 after softer-than-expected Eurozone inflation reinforced expectations that the European Central Bank will be able to slow the pace of policy tightening. June inflation eased from 3.2% to 2.8%, suggesting the worst-case inflation scenario has been avoided for now as lower energy prices and sluggish economic activity reduce immediate price...

The Pound US Dollar (GBP/USD) exchange rate struggled to find momentum on Tuesday, as a mixed batch of UK and US economic releases left investors without a clear trading signal. At the time of writing, GBP/USD was trading at around $1.3272, broadly unchanged from Tuesday’s opening levels. The Pound (GBP) struggled to find a firm direction on Tuesday, as the UK’s latest growth data gave Sterling investors little clear...

The Pound Euro (GBP/EUR) exchange rate ticked higher on Tuesday after the UK’s latest GDP figures confirmed that economic growth picked up at the beginning of the year. At the time of writing, GBP/EUR was trading at €1.1611, around 0.2% higher on the day. The Pound (GBP) edged higher against several peers on Tuesday after the UK’s final first-quarter GDP figures were released. The figures confirmed that the UK...

The Pound to Dollar exchange rate (GBP/USD) steadied above the 1.3200 level after Andy Burnham's first major speech as Labour leader-designate reassured investors with a commitment to fiscal discipline. However, Sterling's recovery remained limited as the US Dollar continued to benefit from expectations of resilient economic growth and the prospect of higher-for-longer US interest rates. GBP/USD Forecasts: Above...

The Pound to Euro exchange rate (GBP/EUR) has remained close to the 1.1600 level as investors continued to welcome Andy Burnham's commitment to fiscal discipline and an orderly transition of power. Sterling has held onto recent gains despite lingering political uncertainty, with markets increasingly confident that any new government will seek to preserve credibility with bond investors. GBP/EUR Forecasts: Close to...

The Pound US Dollar (GBP/USD) exchange rate advanced on Monday as easing tensions between the US and Iran lifted appetite for risk. At the time of writing, GBP/USD was trading at around $1.3241, up roughly 0.3% on the day. The US Dollar (USD) slipped on Monday as improving market sentiment weighed on demand for the safe-haven currency. Risk appetite strengthened after tensions in the Middle East appeared to ease, with...

The Pound to Euro (GBP/EUR) exchange rate struggled to find momentum on Monday as investors turned their attention to the European Central Bank’s (ECB) annual Sintra Forum. At the time of writing, GBP/EUR was trading around €1.1591, almost unchanged from the opening levels of the session. The Euro (EUR) lacked clear direction at the start of the week as investors awaited the opening address from European Central Bank...

The Euro to Dollar exchange rate (EUR/USD) remains under pressure as investors continue to favour the US Dollar following a hawkish shift from the Federal Reserve and resilient US economic data. Although the pair has recovered from 12-month lows near 1.1325, markets remain increasingly convinced that US interest rates could move higher, reinforcing the Dollar's dominance in global currency markets. EUR/USD...

The Pound to Dollar exchange rate (GBP/USD) remains under pressure after falling to seven-month lows below 1.3150, with investors increasingly focused on the UK's political transition and the outlook for US interest rates. While Sterling has recovered above 1.3200, markets are now looking ahead to Andy Burnham's expected cabinet appointments, particularly the choice of Chancellor, as a key test of confidence in...