Currency News: UK daily forex news and forecasts

Amid mixed economic outlooks for both the Eurozone and the US, the Euro to US Dollar (EUR/USD) exchange rate’s movement has been mixed in recent weeks and the pair continued to fluctuate when markets opened yesterday. Ultimately though, the Euro is struggling to recover from its worst levels all month as investors become anxious ahead of this week’s upcoming EU elections. The US Dollar has overall been stronger due to safe...

GBP/ZAR Exchange Rate Flat as SA Economy Struggles as US-China Trade War Continues The Pound South African Rand (GBP/ZAR) exchange rate is steady today and is trading around R18.3048 on the inter-bank market. The South African Rand (ZAR) stabilised against the Pound (GBP) as the South African economy continues to struggle from a lack of risk appetite, with the US and China embroiled in a trade war. Meanwhile, Eskom, a...

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Muted Ahead of May’s ‘New and Improved’ Brexit Deal The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate remained flat and the pairing is currently trading at an inter-bank rate of NZ$1.9472. On Sunday the Prime Minister stated that she will present a ‘new and improved’ Brexit Withdrawal Agreement to MPs. Writing in the Sunday Times, Theresa May revealed...

GBP/ZAR Exchange Rate Rises on SA Economic Uncertainty The Pound South African Rand (GBP/ZAR) exchange rate edged higher today and is currently trading around R18.3198 on the inter-bank market. The South African Rand (ZAR) has weakened against the Pound (GBP) this week on a lack of economic data following the disappointing South African retail sales figures for March on Wednesday, which fell below forecast. However,...

As Brexit concerns continue to build, the British Pound to US Dollar (GBP/USD) exchange rate has endured a second consecutive week of steep losses and the pair now trends near its worst levels since the beginning of the year. Despite US economic uncertainties, the US Dollar has been able to benefit from Pound weakness thanks to rising market demand for safe havens. Following a slump from 1.3173 to 1.2998 the week before last,...

Pound Australian Dollar (GBP/AUD) Exchange Rate Flat a Cross-Party Talks End without an Agreement The Pound Sterling Australian Dollar (GBP/AUD) exchange rate remained muted, and the pairing is currently trading at an inter-bank rate of AU$1.8577. Reports emerged on Friday revealing that after six weeks, cross-party Brexit discussions were drawing to a close. However, the talks are set to end without the Conservatives...

GBP/NZD Exchange Rate Falls despite Increasing US-China Trade Tensions The Pound New Zealand Dollar (GBP/NZD) exchange rate is down by 0.3% today and is currently trading around NZ$1.9521 at the time of writing. The New Zealand Dollar (NZD) edged higher against the Pound (GBP) despite US-China trade tensions being exacerbated by the US blacklisting the Chinese telecom giant, Huawei. This came following Donald Trump’s...

Pound Australian Dollar (GBP/AUD) Exchange Rate Flat on Fears of Near-Term RBA Rate Cut The Pound Sterling Australian Dollar (GBP/AUD) exchange rate was left muted and the pairing is currently trading at an inter-bank rate of AU$1.8546. On Thursday data revealed that Australian unemployment edged up to 5.2%, leaving April’s rate at the highest level since August 2018. As unemployment moved further away from...

Despite trade tensions between the world’s two biggest economies continuing to worsen, the trade-correlated South African Rand has been surprisingly resilient and the British Pound to South African Rand (GBP/ZAR) exchange rate has simply continued to fall. Market optimism about South Africa’s newly elected government is helping the domestic currency to secure gains. While the US-China trade jitters have limited the South...

Despite a lack of particularly supportive Canadian data in recent sessions, the British Pound to Canadian Dollar (GBP/CAD) exchange rate continues to tumble as Brexit uncertainties keep worsening while Canadian Dollar investors remain hopeful that the Bank of Canada (BoC) will avoid taking a dovish tone on monetary policy. While last week’s GBP/CAD slump from 1.7680 to 1.7436 was limited due to fresh US-China trade war fears,...