Currency News: UK daily forex news and forecasts

Despite Sterling sliding against many major currencies on Friday morning, the British Pound to South African Rand (GBP/ZAR) exchange rate rebounded. Investors sold risky emerging market currencies like the South African Rand amid concerns about slowing global growth, as well as expectations for a Federal Reserve interest rate hike next week. This week has seen GBP/ZAR slide from the week’s opening levels of 18.07 down to a...

Despite Wednesday evening’s news that UK Prime Minister Theresa May had successfully seen off a no confidence vote from her Conservative Party, the British Pound to US Dollar (GBP/USD) exchange rate struggled to recover much further on Thursday. Instead, the US Dollar was supported slightly by the latest US data. Since opening this week at the level of 1.2728, GBP/USD has trended with a downside bias due to Brexit jitters....

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Benefits as May Sees Off Coup After Theresa May saw off a vote of no confidence the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate was encouraged to extend its recovery. As Conservative MPs are now unable to challenge May’s leadership again for another twelve months this offered some degree of political stability to markets. Even so, with the issue of...

Pound Australian Dollar (GBP/AUD) Exchange Rate Steady on May Brussels Trip UPDATE: The Pound Sterling Australian Dollar (GBP/AUD) exchange rate held in a narrow range during the European session on Thursday as markets await the outcome of Theresa May’s trip to Brussels. May has said she will discuss the ‘legal assurances’ her MP’s are seeking over the Irish backstop with EU leaders in an effort to alleviate their...

GBP/EUR Exchange Rate Jumps Back to €1.11 On News of No-Confidence Vote  The expectation that Prime Minister Theresa May will survive tonight’s vote of no confidence sent the Pound soaring on Wednesday, with GBP/EUR jumping 0.7% to trade in the region of €1.1115.   The outcome of the vote is likely to encourage further movement ahead of tomorrow’s German inflation data and European Central Bank (ECB) rate...

GBP/AUD Exchange Rate Trading Higher after May Wins Confidence Vote  With PM Theresa May winning the vote of no-confidence, the Pound Sterling to Australian Dollar (GBP/AUD) was able to continue trading in the region of $1.75.  Data published overnight showed that Australian consumer inflation expectations rose from 3.6% to 4.0%. Pound Sterling to Australian Dollar (GBP/AUD) Exchange Rate Recovers over 2 Cents  With...

UPDATE: The Pound Sterling to US Dollar (GBP/USD) exchange rate edged higher on Thursday amid a sense of cautious optimism as Prime Minister Theresa May headed to Brussels after surviving a vote on no-confidence on Wednesday. May will be seeking greater assurances regarding temporary nature of the Irish backstop, when she speaks to her European counterparts this evening at a summit of EU leaders, with GBP investors on the lookout...

As UK PM Theresa May rushed around the EU to acquire assurances on some details of her negotiated UK-EU Brexit deal, some investors opted to buy the embattled British Pound to Euro (GBP/EUR) exchange rate back from its worst levels on Tuesday. Sterling’s gains were ultimately limited, despite economic and political uncertainties weighing on the Euro. After a fall of around a cent last week, GBP/EUR may be in for even deeper...

The US Dollar Pound Sterling (USD/GBP) exchange rate is down today, and is currently trading at £0.7923, after GBP was strengthened by today’s release of October’s average earnings figures which showed a better-than-expected increase. USD, meanwhile, was hit by last week’s arrest of China’s comms giant Huawei’s Chief Financial Officer, Meng Wanzhou, which stalled market confidence in the ‘Greenback’ as trade...

After sustaining significant losses on Monday the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate staged a modest recovery once the initial bout of Brexit jitters eased. Theresa May’s decision to postpone the parliamentary vote on Brexit in order to return to Brussels for further discussions with EU leaders still left the Pound under pressure, however. While the decision avoided an embarrassing defeat in the...