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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Tumbles as BoJ Appoints Kuroda for Second Term

16 Feb 2018 at 4 PM - Written by Toni Johnson

Japanese Yen (JPY) Exchange Rates Climb as BoJ Doubles Down on Approach to Stimulus The Pound Sterling Japanese Yen (GBP/JPY) exchange rate extended its fall on Friday as markets reacted to news that the Bank of Japan (BoJ) has reappointed Haruhiko Kuroda as Chief for another term, with Masazumi Wakatabe - a strong advocate for monetary easing – as Deputy Governor. This selection helped ease anxieties that the BoJ would be...

CATEGORIES: Pound Yen Forecasts

GBP EUR Exchange Rate Softens After Underwhelming January UK Retail Sales

16 Feb 2018 at 10 AM - Written by Frank Davies

As January’s UK retail sales data fell short of forecast the mood of the Pound Euro (GBP EUR) exchange rate remained rather bearish. Although sales still saw a rebound on the month, reversing some of December’s sharp -1.6% contraction, this was not enough to encourage investors. With consumer spending failing to lift as markets had hoped this gave the Pound little particular cause for confidence, as high levels of...

CATEGORIES: Pound Euro Forecasts

EUR to USD Exchange Rate Nears Multi-Year Highs as US Data Fails to Support US Dollar

15 Feb 2018 at 5 PM - Written by David Woodsmith

Strong Eurozone data and rising market expectations for global growth to improve in 2018 and beyond has left the Euro to US Dollar (EUR/USD) exchange rate an appealing buy. Investors are brushing over strong US data due to bets of increasingly sturdy global growth. Despite falling from 1.2460 to 1.2251 last week amid a resurgent US Dollar, EUR/USD has seemingly already recovered all those losses. If EUR/USD is able to hold its...

CATEGORIES: Euro Forecasts

EU Removes ‘Punishment’ Brexit Clause - Pound US Dollar (GBP/USD) Exchange Rate Climbs

15 Feb 2018 at 3 PM - Written by Toni Johnson

GBP/USD Exchange Rate up on Signs of Brexit Cooperation from EU The Pound US Dollar (GBP/USD) exchange rate extended its lead on Thursday, rising as markets responded to news that the EU has removed the divisive ‘punishment’ clause from the Brexit transition text. This footnote asserted that the UK could potentially lose access to various parts of the single market if it broke EU rules over the 2-year transition period,...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Holds Steady as US Inflation Beats Expectations

14 Feb 2018 at 4 PM - Written by John Cameron

US Inflation Smashes Forecasts – GBP/EUR Exchange Rate Gains Support The Pound Euro (GBP/EUR) exchange rate proved resilient on Wednesday, capitalising on the highly anticipated US inflation readings and the drop in demand for the Euro that ensued. The year-on-year US consumer price index (CPI) reading printed at 2.1% in January, consistent with the previous period but above the market forecast of a dip to 1.9%. The...

CATEGORIES: Pound Euro Forecasts

Slowing Eurozone GDP Data Triggers EUR/GBP Exchange Rate Decline

14 Feb 2018 at 4 PM - Written by Toni Johnson

On Tuesday’s trading session, the Euro advanced against the Pound from an opening exchange rate of 0.8882 to close higher around 0.8897. EUR/GBP Exchange Slips after Eurozone GDP Upset The Euro to Pound exchange rate has fallen slightly today, following the news that Eurozone GDP growth has slowed in Q4. Estimates for Q4 2017 have shown slowing Eurozone, Italian and German GDP growth, with the one exception being the...

CATEGORIES: Euro Pound Forecasts

Pound Swiss Franc (GBP/CHF) Exchange Rate Fails to Capitalise on Soaring UK Inflation

13 Feb 2018 at 5 PM - Written by John Cameron

UK Inflation Fails to Support GBP/CHF Exchange Rate The Pound Swiss Franc (GBP/CHF) exchange rate extended its fall on Tuesday, failing to capitalise on the UK’s soaring core inflation rate and the hype that ensued for a May rate hike. Inflation in the UK printed at 3.0% year-on-year in January, consistent with the previous period but above the market forecast of 2.9%. Beyond this, the core inflation reading (which...

CATEGORIES: Pound Swiss Franc Forecasts

GBP to NZD Exchange Rate Fluctuates as Both Currencies Strengthened on Tuesday

13 Feb 2018 at 5 PM - Written by Minesh Chaudhari

As both the Pound and New Zealand Dollar strengthened on Tuesday, the Pound to New Zealand Dollar (GBP/NZD) exchange rate fluctuated within a relatively narrow range throughout the day. The pair was influenced by UK Consumer Price Index (CPI) data and market demand for risky currencies. Due partially to strong New Zealand job data last week, GBP/NZD plunged from 1.9334 to 1.9059 throughout the week – though it briefly touched...

CATEGORIES: Pound New Zealand Dollar Forecasts

Solid Gains for GBP/USD as UK Inflation Returns to Uptrend

13 Feb 2018 at 3 PM - Written by Toni Johnson

The Pound Sterling to US Dollar exchange rate is registering minor gains today, although it has fallen from its intraday high, after positive UK inflation data was released this morning. The GBP/USD exchange rate is up 0.2% to 1.3876 after consumer price index figures provided further justification for the Bank of England (BoE) raising interest rates in the near-term and potentially continuing to do so again later in the...

CATEGORIES: Pound Dollar Forecasts

EUR USD Exchange Rate Pushes Higher As US Budget Points Towards 1 Trillion Dollar Deficit

13 Feb 2018 at 2 PM - Written by Frank Davies

Markets did not react positively to the announcement of the US 2019 Fiscal Year Budget, prompting the Euro US Dollar (EUR/USD) exchange rate to trend sharply higher. Particularly concerning was the fact that the budget proposals would result in the US deficit hitting 1 trillion US Dollars in the next year, with the national debt looking set to remain at this elevated level over the forecast period. This encouraged investors...

CATEGORIES: Euro Forecasts