Currency News: UK daily forex news and forecasts

Demand for the Pound was not strong enough to help keep the British Pound to New Zealand Dollar (GBP/NZD) exchange rate near its best levels today. As the New Zealand Dollar was bought back from its worst levels following weeks of poor performance, the Pound lacked any solid domestic support due to lasting UK political and Brexit uncertainties. Still, GBP/NZD is on track for another week of gains due to this week’s latest...

US Dollar (USD) Exchange Rates Climb as Markets Remain Cautious The US Dollar (USD) accelerated against the Pound (GBP) on Thursday as renewed demand for the US currency sees it running roughshod over the majority of its peers. This extends the gains enjoyed by the US Dollar throughout this week’s session, with investors flocking to the ‘Greenback’ not out of any perceived improvement in the outlook for the US economy...

Euro US Dollar (EUR/USD) Exchange Rate Falls to 22-Month Low The Euro US Dollar (EUR/USD) exchange rate slipped, and the pairing is currently trading at an inter-bank rate of $1.1135. On Thursday, the Euro suffered its worst day in over six-weeks, falling to a 22-month low. Data released this morning revealed that Spanish unemployment rose to 14.7% during the first quarter of 2019. This added to the spectre of...

GBP/JPY Exchange Rate Flat as Japanese Economic Index Rises The Pound Japanese Yen (GBP/JPY) exchange rate held steady today and is currently trading around ¥144.7780. The Japanese Yen (JPY) failed to make any gains against the Pound (GBP) following the publication of the Japanese All Industry Activity Index figures for February, which fell below expectation by -0.2%. These were followed by the printing of the Japanese...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rallies as BoC Leaves Rates Unchanged The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rose and the pairing is currently trading at an inter-bank rate of CA$1.7502. This afternoon the Bank of Canada (BoC) left interest rates unchanged at 1.75% for the fourth consecutive month. The central bank fully abandoned its bias towards interest rate hikes as the Canadian...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Leaps as Australian Inflation Drops The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate surged higher on Wednesday after the Australian consumer price index fell short of forecast. Demand for the Australian Dollar diminished sharply after the first quarter consumer price index eased from 1.8% to 1.3%, rather than the 1.5% forecast. With the headline...

Despite poor Eurozone data last week, the Euro to British Pound (EUR/GBP) exchange rate briefly saw a jump in demand yesterday. A rebounding Pound combined with further weak Eurozone data meant the pair more or less shed those gains today, though. Investors are now looking ahead to further Eurozone data and potential Brexit news. After edging higher from the level of 0.8646 to 0.8654 on Eurozone hopes and Brexit uncertainties...

Pound US Dollar (GBP/USD) Exchange Rate Falls on Reports of Fourth ‘Meaningful Vote’ The Pound Sterling US Dollar (GBP/USD) exchange rate slipped and the pairing is currently trading at an inter-bank rate of $1.2952. The Pound fell to a two-month low as reports circled that Theresa May could bring her Brexit deal back for a fourth ‘meaningful vote’ next week. With no sign of a Brexit breakthrough, a fourth...

GBP/NZD Exchange Rate Edges Higher as Geopolitical Tensions Weaken ‘Kiwi’ The Pound New Zealand Dollar (GBP/NZD) exchange rate is up by 0.3% today and is currently trading around NZ$1.9493. The New Zealand Dollar (NZD) fell against the Pound (GBP) today following the publication of the NZ credit card spending figures for March, which slipped below expectation to 5.1% – against February’s 6.4%. Many ‘Kiwi’...

The Pound New Zealand exchange rate edged higher to above 0.3% today and is currently trading around NZ$1.9462 on the inter-bank market. The New Zealand Dollar (NZD) has weakened against the Pound (GBP) as its status has become increasingly unappealing following this week’s disappointing economic data – NZ CPI figures fell below expectation on Tuesday. This has weighed on market confidence, with fears rising that the...