Currency News: UK daily forex news and forecasts

The Euro to Dollar exchange rate (EUR/USD) remains under pressure as investors continue to favour the US Dollar following a hawkish shift from the Federal Reserve and resilient US economic data. Although the pair has recovered from 12-month lows near 1.1325, markets remain increasingly convinced that US interest rates could move higher, reinforcing the Dollar's dominance in global currency markets. EUR/USD...

The Pound to Dollar exchange rate (GBP/USD) remains under pressure after falling to seven-month lows below 1.3150, with investors increasingly focused on the UK's political transition and the outlook for US interest rates. While Sterling has recovered above 1.3200, markets are now looking ahead to Andy Burnham's expected cabinet appointments, particularly the choice of Chancellor, as a key test of confidence in...

The Pound to Euro exchange rate (GBP/EUR) has eased back from recent 10-month highs as investors assess the implications of the UK's changing political landscape and fading expectations for further Bank of England interest-rate increases. While Sterling has remained relatively resilient following Prime Minister Keir Starmer's resignation, attention is now shifting towards the economic priorities of a potential...

The Pound to Euro exchange rate (GBP/EUR) has consolidated above the 1.1600 level after reaching its strongest level in almost ten months, with Sterling continuing to benefit from improving market confidence in the UK's political transition. Investors remain optimistic that an Andy Burnham administration will avoid any immediate fiscal disruption, although attention is increasingly turning towards the composition of...

The Pound to Dollar exchange rate (GBP/USD) attempted to stabilise after falling to seven-month lows below 1.3150, as the recent surge in the US Dollar paused. While Sterling found some support as Treasury yields eased and oil prices extended their decline, investors continue to favour the Dollar amid expectations of stronger US economic growth, resilient capital inflows and the prospect of higher Federal Reserve interest...

The Pound to US Dollar (GBP/USD) exchange rate experienced some volatile trading on Thursday, with sharp swings in both directions as investors reacted to a fresh batch of US economic data. At the time of writing, GBP/USD was trading at approximately $1.3181, little changed from the levels seen at the start of the session. The US Dollar (USD) came under brief pressure early on Thursday before rebounding after the...

The Pound Euro (GBP/EUR) exchange rate remained resilient on Thursday as underwhelming German data weighed on the common currency. At the time of writing, GBP/EUR was trading at €1.1600, marginally higher on the day and still within touching distance of Wednesday’s ten-month high. The Pound (GBP) drew modest support on Thursday as markets reacted positively to indications that Andy Burnham – the former Greater...

The Pound to Dollar (GBP/USD) exchange rate recovered above the 1.32 level on Thursday after a flurry of US economic data painted a mixed picture of the world's largest economy. Revised figures showed first-quarter GDP growth was stronger than previously estimated, while weekly jobless claims fell to their lowest level in several weeks, reinforcing the resilience of the labour market. However, consumer spending in...

The Pound to Euro exchange rate (GBP/EUR) climbed to its highest level in 10 months above 1.1620 as investors grew more confident that the transition to an Andy Burnham government will be orderly and fiscally disciplined. Sterling also benefited from easing UK bond yields and lower energy prices, while the Euro struggled to gain traction despite improving business confidence in Germany. GBP/EUR Forecasts: 10-Month...

The Pound Euro (GBP/EUR) exchange rate climbed to a ten-month high on Wednesday, as the common currency failed to capitalise on encouraging German data. At the time of writing, GBP/EUR was trading at €1.1599, having retreated from its earlier peak. The Euro (EUR) softened on Wednesday, even as fresh German data offered some encouragement. Germany’s latest IFO business climate index showed morale in the...