Currency News: UK daily forex news and forecasts

Euro Pound (EUR/GBP) Exchange Rate Flat as Chaotic No-Deal Brexit to Cause ‘Severe Downturn’ The Euro Pound Sterling (EUR/GBP) exchange rate was left flat and the pairing is currently trading at an inter-bank rate of £0.8980. On Monday, the National Institute of Economic and Social Research (NIESR) released a new set of gloomy forecasts. The think tank revealed that the planned exit from the European Union may have...

GBP/TRY Exchange Rate Edges Higher as Turkey Hits Back on US Sanctions Threat The Pound Turkish Lira (GBP/TRY) exchange rate rose by 0.3% today, leaving the pairing fluctuating around ₺7.097. The Turkish Lira (TRY) has recovered from some of its losses against the Pound (GBP) following Turkish President Erdogan’s firing of the Central Bank of Turkey’s (CBRT) Governor Murat Çetinkaya earlier this month. However,...

While the Pound saw a strong rebound from its worst levels against many major currencies towards the end of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate’s recovery was limited. The Australian Dollar remained relatively resilient despite Reserve Bank of Australia (RBA) interest rate cut bets, as the latest Australian data has not had much impact on Australia’s economic outlook. After opening this...

GBP/CHF Exchange Rate Eases as Brexit Woes Rise as UK Budget Deficit Increases The Pound Swiss Franc (GBP/CHF) exchange rate fell eased by over -0.2% today, leaving the pairing fluctuating around 1.229CHf on the interbank market. The Pound (GBP) fell against the Swiss Franc (CHF) today following the publication of the UK Public Sector Net Borrowing figures for June. These rose above forecasts and ballooned to a four-year...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted despite Rise in Oil Prices The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of CA$1.6355. On Friday oil prices rose as tensions in the Middle East increased as reports revealed that a US Navy vessel destroyed an Iranian drone in the Strait of Hormuz. US President Donald Trump said the...

GBP/AUD Exchange Rate Flat as Australian Unemployment Holds Steady The Pound Australian Dollar (GBP/AUD) exchange rate steadied today, leaving the pairing fluctuating around AU$1.774. The Australian Dollar (AUD) exchange rate is flat against the Pound (GBP) following the publication of the Australian employment change figures for June. These came in worse-than-expected, falling from 45.3k to 0.5k. Australia’s...

US Dollar Pound (USD/GBP) Exchange Rate Slumps despite Warnings UK Economy to Plunge into a Recession The US Dollar Pound Sterling (USD/GBP) exchange rate slumped and the pairing is currently trading at an inter-bank rate of £0.8014. The pairing slumped despite the Office for Budget Responsibility (OBR) revealing that that the UK will face a recession in the event of a no-deal Brexit. The report revealed that a £30...

While the British Pound to Canadian Dollar (GBP/CAD) exchange rate is still trending lower this week, the Canadian Dollar’s bullish run appears to have run out of steam. Some mixed Canadian data and oil price news is keeping the ‘Loonie’ from rallying further, and this is making it easier for a Brexit battered Pound to recover from its worst levels in over a year versus the Canadian currency. Thus far, GBP/CAD looks on...

Investors bought the British Pound to Russian Ruble (GBP/RUB) exchange rate back slightly from its worst levels today. The Pound’s days of losses finally cooled, and the Russian Ruble was less appealing following the publication of Russia’s latest mixed data. Despite this slight rebound though, the pair remains close to its worst levels in around a year and a half. Following last week’s tumble from 79.92 to 79.24, GBP/RUS...

GBP/CAD Exchange Rate Flat as BoC Inflation Data Fails to Impress The Pound Canadian Dollar (GBP/CAD) stabilised against today, leaving the pairing fluctuating around CA$1.623. The Canadian Dollar (CAD) steadied against the Pound (GBP) following the publication of the Bank of Canada’s year-on-year inflation data for June. These fell below their forecast increase of 2.6% and came in at 2.0%, down against the previous...