Currency News: UK daily forex news and forecasts

GBP/JPY Exchange Rate Rises as Japanese GDP Data Disappoints The Pound Japanese Yen (GBP/JPY) exchange rate rose today after the Japanese economy shrank more than expected because of high rates of Covid-19 in Japan earlier this year. The pairing is currently trading around ¥154.79. The Japanese Yen (JPY) suffered today after the Japanese economy was reported to have shrunk more-than-expected in the first quarter because of...

The Pound to US Dollar (GBP/USD) exchange has strengthened today following the latest employment data from the UK. At the time of writing the GBP/USD pairing are trading at around $1.4194 as an upbeat market mood weighs on the US Dollar. Pound Sterling (GBP) Exchange Rate Supported by UK Employment Data The Pound has been supported against the US Dollar today following the latest employment data from the UK. Although...

GBP/CAD Exchange Rate Dips as Rising Oil Prices Boost Canadian Dollar The Pound Canadian Dollar exchange rate dipped today as the ‘Loonie’ has continued to benefit from upbeat Canadian economic data. A mixture of rising oil prices and rising Canadian wholesale sales for March has provided a boost for the Canadian Dollar. The pairing is currently trading around CA$1.70. The Canadian Dollar has remained strong this week...

The Pound Euro (GBP/EUR) exchange rate is mixed this morning as concerns over the Indian variant of the coronavirus in the UK limit any gains from Sterling. At the time of writing the GBP/EUR pairing are trading around the 1.1611 level as the next stage of lockdown easing comes in to effect across much of the UK. Pound (GBP) Exchange Rate Mixed on UK Lockdown Easing The Pound has found itself mixed against the Euro this...

Pound (GBP) Exchange Rates Dented by Bank of England Governor’s Comments The Pound to US Dollar (GBP/USD) exchange rate remained on a softer footing in the wake of comments from Bank of England (BoE) Governor Andrew Bailey. As Bailey indicated that inflation is unlikely to remain elevated for long this added to expectations of the BoE’s ongoing dovishness. With investors still seeing little chance of the central bank...

The Pound to New Zealand Dollar (GBP/NZD) exchange rate is rangebound this morning as Sterling continues to find support in optimism surrounding the UK’s lockdown easing. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9566 level as a cautious market mood limits the New Zealand Dollar. Pound (GBP) Mixed on UK Lockdown Easing Concerns The Pound is mixed against the New Zealand Dollar today as a...

Euro (EUR) Exchange Rates Under Pressure Ahead of ECB Meeting Minutes The Euro to US Dollar (EUR/USD) exchange rate found itself on a narrow trend in the absence of any fresh Eurozone economic data releases. Anticipation ahead of the release of the European Central Bank’s (ECB) most recent set of meeting minutes also put pressure on the Euro at this stage. With markets expecting to see another dovish message from the...

The Pound to US Dollar (GBP/USD) exchange has weakened today after markets digest the latest rise in inflation from the US. At the time of writing the GBP/USD pairing are trading at around $1.4033 as optimism surrounding the UK’s lockdown easing helps to limit any major losses. Pound Sterling (GBP) Exchange Rate Weakens on Lack of Data In absence of any notable data from the UK today the Pound has been open to losses...

GBP/AUD Exchange Rate Edges Higher as UK Economic Confidence Continues to Grow The Pound Australian Dollar (GBP/AUD) exchange rate rose by 1% today after the UK rebounded in March thanks to the nation’s effective rollout of Covid-19 vaccines. The pairing is currently trading around AU$1.82. Sterling continued to rise against the Australian Dollar today as the outlook for the UK economy continues to improve. Chancellor...

Pound (GBP) Exchange Rates Rally as Monthly UK GDP Betters Forecast The Pound to Euro (GBP/EUR) exchange rate extended its uptrend on Wednesday as the monthly UK gross domestic product reading bettered forecasts. As growth jumped 2.1% on the month in March this helped to encourage hopes of a stronger second quarter growth rebound to come. Although the first quarter GDP still showed a -1.5% contraction this was not enough...