Currency News: UK daily forex news and forecasts

GBP/AUD Exchange Rate Flat as Australian Unemployment Holds Steady The Pound Australian Dollar (GBP/AUD) exchange rate steadied today, leaving the pairing fluctuating around AU$1.774. The Australian Dollar (AUD) exchange rate is flat against the Pound (GBP) following the publication of the Australian employment change figures for June. These came in worse-than-expected, falling from 45.3k to 0.5k. Australia’s...

US Dollar Pound (USD/GBP) Exchange Rate Slumps despite Warnings UK Economy to Plunge into a Recession The US Dollar Pound Sterling (USD/GBP) exchange rate slumped and the pairing is currently trading at an inter-bank rate of £0.8014. The pairing slumped despite the Office for Budget Responsibility (OBR) revealing that that the UK will face a recession in the event of a no-deal Brexit. The report revealed that a £30...

While the British Pound to Canadian Dollar (GBP/CAD) exchange rate is still trending lower this week, the Canadian Dollar’s bullish run appears to have run out of steam. Some mixed Canadian data and oil price news is keeping the ‘Loonie’ from rallying further, and this is making it easier for a Brexit battered Pound to recover from its worst levels in over a year versus the Canadian currency. Thus far, GBP/CAD looks on...

Investors bought the British Pound to Russian Ruble (GBP/RUB) exchange rate back slightly from its worst levels today. The Pound’s days of losses finally cooled, and the Russian Ruble was less appealing following the publication of Russia’s latest mixed data. Despite this slight rebound though, the pair remains close to its worst levels in around a year and a half. Following last week’s tumble from 79.92 to 79.24, GBP/RUS...

GBP/CAD Exchange Rate Flat as BoC Inflation Data Fails to Impress The Pound Canadian Dollar (GBP/CAD) stabilised against today, leaving the pairing fluctuating around CA$1.623. The Canadian Dollar (CAD) steadied against the Pound (GBP) following the publication of the Bank of Canada’s year-on-year inflation data for June. These fell below their forecast increase of 2.6% and came in at 2.0%, down against the previous...

Rising Risk of No-Deal Brexit Drives Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Lower As market anxiety over the prospect of a potential no-deal Brexit intensified the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate remained under pressure. With both candidates in the Conservative leadership contest pledging to drop the Irish backstop from the EU withdrawal agreement the risk of the UK crashing...

GBP/AUD Exchange Rate Sinks by -0.6% as Tory Leadership Candidates Harden Brexit Stance The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.6% today, leaving the pairing fluctuating around AU$1.7671 on the interbank market. The Pound (GBP) plummeted against many of its competitors today following heightened no-deal Brexit fears. This came following both Tory leadership candidates – Boris Johnson and Foreign...

Pound (GBP) Slumps as Strong Wage Growth Fails to Lift Brexit Malaise The Pound (GBP) fell sharply against the US Dollar (USD) on Tuesday, with the pairing plummeting roughly half a cent as some upbeat UK employment stats failed to offset the heavily selling bias currently dragging on Sterling. In regards to the employment data, the Office for National Statistics (ONS) reported that the UK unemployment rate held at a 44-year...

Pound South African Rand (GBP/ZAR) Exchange Rate Falls as UK Wages Rise at Fastest Pace Since 2008 The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -1%, and the pairing is currently trading at an inter-bank rate of R17.2250. On Tuesday morning the Office for National Statistics (ONS) revealed that UK wages excluding bonuses rose at the fastest pace in more than a decade. In the quarter to...

GBP/CAD Exchange Rate Falls as Hopes Rise on Canadian Growth The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.3% today and is currently trading around CA$1.632. The Canadian Dollar (CAD) rose against the Pound (GBP) as oil prices rose due to supply disruptions and a weaker US Dollar following last week’s hints at a rate cut from the US Federal Reserve. As Canada trades main export is crude oil, this has...