Currency News: UK daily forex news and forecasts

The Pound to Euro (GBP/EUR) exchange rate traded within a narrow range at the start of the week as investors assessed the fallout from disappointing results in Germany’s latest regional elections. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1659, leaving the pairing virtually unchanged from Monday’s opening levels. The Euro (EUR) struggled to find momentum on Monday after regional...

The Pound US Dollar (GBP/USD) exchange rate remained subdued on Monday as the impact of last week’s central bank decisions continued to shape the pairing. At the time of writing, GBP/USD was trading at $1.3387, having slipped marginally on the day. The Pound (GBP) struggled to find a clear direction on Monday, with the absence of major UK data leaving Sterling without a fresh catalyst. The currency was also subdued...

The Euro to Dollar exchange rate (EUR/USD) has fallen to seven-week lows below 1.1500 after the Federal Reserve raised interest rates and signalled that further tightening remains likely. The Dollar continues to benefit from elevated US yields and persistent energy-price risks, but the longer-term debate is shifting towards whether the Fed will ultimately be forced to reverse course as inflation and economic growth slow in...

The Pound to Dollar exchange rate (GBP/USD) has slumped to seven-week lows below 1.3350 as diverging Federal Reserve and Bank of England policy expectations favour the US currency. The Fed raised rates to 4.00% and retained a hawkish stance, while the BoE held at 3.75%, leaving Sterling vulnerable if markets further scale back expectations of UK tightening. GBP/USD Forecasts: Pound Vulnerable on Divergence? Danske...

The Pound to Euro exchange rate (GBP/EUR) recovered towards 1.1650 after falling to two-week lows near 1.1620 following the Bank of England's decision to leave rates unchanged. Policymakers still appear reluctant to tighten, but persistently high energy prices are rapidly reducing their room to wait, with a growing number of investment banks now forecasting a November rate hike GBP/EUR Forecasts: Time running out...

The Pound to Dollar exchange rate (GBP/USD) fell to seven-week lows around 1.3365 after contrasting Federal Reserve and Bank of England decisions strengthened the Dollar's interest-rate advantage. The Fed raised rates and signalled that further tightening remains likely, while the BoE held at 3.75%, leaving Sterling under pressure despite stronger-than-expected UK retail sales. GBP/USD Forecasts: Near Seven-Week...

The Pound to Euro exchange rate (GBP/EUR) remained under pressure after the Bank of England held interest rates at 3.75%, reinforcing expectations that UK policymakers will remain more cautious than the ECB and Federal Reserve. Pound Sterling slipped below 1.1650 following the decision, although stronger-than-expected retail sales and a sharp post-BoE rally in gilts provided some support heading into the...

The Pound US Dollar (GBP/USD) exchange rate experienced a volatile session on Thursday as the latest interest rate decisions from the US and UK central banks sent ripples through currency markets. At the time of writing, GBP/USD was trading around $1.3380, little changed from the start of the day after earlier dropping to a seven-week low. The US Dollar (USD) slipped back slightly on Thursday after surging to a...

The Pound to Euro (GBP/EUR) exchange rate struggled for momentum on Thursday as investors reacted to the Bank of England’s (BoE) latest interest rate decision. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1654, down modestly from Thursday’s opening levels. Sterling (GBP) came under some pressure against its major counterparts on Thursday following the conclusion of the BoE’s...

The Pound Euro (GBP/EUR) exchange rate remained subdued on Wednesday, with the latest UK inflation figures doing little to strengthen Sterling. At the time of writing, GBP/EUR was trading at €1.1672, having wavered in a narrow range. The Pound (GBP) came under pressure at the beginning of Wednesday’s session, even as the latest UK consumer price index revealed a further acceleration in inflation during...