Currency News: UK daily forex news and forecasts

GBP/EUR Exchange Rate Rangebound as European Election Worries Rise The Pound Euro (GBP/EUR) exchange rate steadied today and is currently trading around €1.1318 on the interbank market. The Euro (EUR) fell against the Pound (GBP) on increasing concerns surrounding the European Elections, with a number of Eurosceptic parties, along with the Italian Deputy Prime Minister, Matteo Salvini, proving problematic for the EU’s...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted as PM Announces Resignation The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of CA$1.7075. On Friday, Theresa May announced that she will resign as Prime Minister on 7 June making way for a new leader. This caused the Pound to bounce briefly, however the Pound was left muted against the...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Shrugs Off Theresa May’s Resignation The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate saw little reaction as Theresa May announced her resignation as leader of the Conservative Party and named a departure date. With May set to vacate her post on the 7th of June markets look set for another few weeks of political uncertainty as Conservative MPs vie for...

EUR/GBP Exchange Rate Flat as UK Political Uncertainty Continues The Euro Pound (EUR/GBP) exchange rate is steady today and is currently trading around £0.880 on the interbank market. The Pound (GBP) stabilised against the Euro (EUR) despite ongoing Brexit uncertainty with Theresa May being increasingly challenged over her ‘new’ withdrawal bill, as many MPs continually call for her resignation. This has weakened...

Increasing Pressure on Theresa May Pulls Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Lower An increasing sense of political turmoil in the UK saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate come under fresh pressure as the odds of a no-deal Brexit increased. However, as Theresa May made efforts to eke out her time in Number 10, meeting with various cabinet ministers with a view to altering...

Pound Australian Dollar (GBP/AUD) Exchange Rate Muted as PM Delays Brexit Bill The Pound Sterling Australian Dollar (GBP/AUD) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of AU$1.8405. On Thursday, the government has abandoned plans to publish Theresa May’s new Brexit withdrawal agreement on Friday. Mark Spencer announced that the Bill would now be published in the week...

Despite yesterday’s news that the Reserve Bank of Australia (RBA) was likely to cut Australian interest rates as soon as June, the British Pound to Australian Dollar (GBP/AUD) exchange rate fell today and even hit its worst levels all month. Worsening concerns about the Brexit process and the stability of UK politics are driving Sterling lower this week, as tomorrow’s EU elections approach. Even though RBA interest rate cut...

US Dollar South African Rand (USD/ZAR) Exchange Rate Sinks as SA Consumer Prices Decrease The US Dollar South African Rand (USD/ZAR) exchange rate is down today and is currently trading round R14.360 on the inter-bank market. The South African Dollar (ZAR) rose against the US Dollar (USD) despite weaker-than-expected South African consumer price data for April, which came in at 0.6% against March’s 0.8%. Instead hopes...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Falls as Energy Costs Drive-up UK Inflation The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slipped and the pairing is currently trading at an inter-bank rate of CA$1.6955. On Wednesday data revealed that UK inflation rose by less than markets expected. However, the UK Consumer Price Index (CPI) hit the highest level this year, rising by an annual rate of 2.1% in...

GBP/NZD Exchange Rate Increases as NZ Growth Concerns Rise The Pound New Zealand Dollar (GBP/NZD) exchange rate edged higher today and is currently trading around NZ$1.956 on the inter-bank market. The New Zealand Dollar (NZD) fell against the Pound (GBP) as ‘Kiwi’ traders become increasingly skittish on fears that the Reserve Bank of New Zealand (RBNZ) will cut interest rates. Analysts at the ANZ...