Currency News: UK daily forex news and forecasts
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Pound Sterling Jumps against Euro and Dollar on "Stable" UK Jobs Market
18 Feb 2025 at 9 AM - Written by Ben Hughes
STORY LINK Pound Sterling Jumps against Euro and Dollar on "Stable" UK Jobs Market
The Pound rallied against the Euro and Dollar on Tuesday after stronger-than-expected UK wage growth triggered fresh doubts about whether the Bank of England would be able to cut interest rates more aggressively.
The Pound to Euro exchange rate (GBP/EUR) hit 6-week highs just above 1.2060. The next resistance area will be around 1.2100.
Markets will also continue to monitor geo-political developments as European...
CATEGORIES: Pound Sterling Forecasts
Today's Pound to Dollar Exchange Rate Holds Near Best in Eight Weeks for Buyers
17 Feb 2025 at 9 PM - Written by Frank Davies
STORY LINK Today's Pound to Dollar Exchange Rate Holds Near Best in Eight Weeks for Buyers
The Pound to Dollar (GBP/USD) exchange rate traded close to 1.2600 and close to an 8-week best on Monday with US markets closed for a holiday.
The UK 10-year yield spiked to 2-week highs around 4.60% early on Monday before a retreat to just below 4.55%.
According to Scotiabank the outlook is broadly positive on a short-term view; “A push through the low 1.26s should pave the way for additional gains to the...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Today: GBP/EUR Rate "Trapped in Range" Ahead of UK Jobs Data
17 Feb 2025 at 9 PM - Written by Tim Boyer
STORY LINK Pound to Euro Today: GBP/EUR Rate "Trapped in Range" Ahead of UK Jobs Data
The Pound was trapped in a narrow range against the Euro on Monday following the release of the Eurozone’s latest balance of trade data.
At the time of writing, the Pound to Euro exchange rate (GBP/EUR) was trading at around €1.2011, virtually unchanged from Monday’s opening levels.
On Monday, the Euro (EUR) failed to attract much investor interest compared to most of its counterparts, despite the release of some...
CATEGORIES: Pound Euro Forecasts
The Pound to Dollar News: GBP/USD Quiet on US President's Day
17 Feb 2025 at 9 PM - Written by David Woodsmith
STORY LINK The Pound to Dollar News: GBP/USD Quiet on US President's Day
The Pound Dollar (GBP/USD) exchange rate was steady at the start of this week’s session, with US markets closed for President’s Day and investors awaiting significant UK data later in the week.
At the time of writing, GBP/USD was trading at $1.2596, virtually unchanged from its opening level.
The Pound (GBP) remained relatively quiet on Monday as investors awaited significant UK economic data later in the...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar FX Predictions: 2025 GBP/USD Peak Already in?
16 Feb 2025 at 6 PM - Written by Frank Davies
STORY LINK Pound to Dollar FX Predictions: 2025 GBP/USD Peak Already in?
During the week, the Pound to Dollar exchange rate (GBP/USD) strengthened to 2025 high at 1.2630 as US yields declined, the dollar stumbled and European currencies made headway.
According to ING; “1.25/26 should be the top of the range this year and we are looking for a move to 1.19/20.”
Bank of America still forecasts that dollar weakness will help GBP/USD advance to 1.38 at the end of the year.
RBC expects that...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
Pound to Euro Forecast Ranges: 1.20 Now, 1.1765 - 1.22 by End 2025
16 Feb 2025 at 6 PM - Written by David Woodsmith
STORY LINK Pound to Euro Forecast Ranges: 1.20 Now, 1.1765 - 1.22 by End 2025
Foreign exchange analysts at RBC Capital Markets forecast that the Pound to Euro exchange rate (GBP/EUR) will retreat gradually to 1.1765 at the end of 2025 and fragile UK fundamentals.
In contrast, Scotiabank sees scope for gradual GBPEUR gains to 1.22 as the UK is less vulnerable to trade pressures.
The Pound vs Euro rate registered a slight loss during the week to trade just above 1.2000 as Ukraine peace hopes helped...
CATEGORIES: Currency Predictions Pound Euro Forecasts
GBP/USD Forecast: Pound Sterling Posts 2025 Best Rate on Dollar Retreat
15 Feb 2025 at 5 PM - Written by Frank Davies
STORY LINK GBP/USD Forecast: Pound Sterling Posts 2025 Best Rate on Dollar Retreat
Two elements have undermined the US Dollar (USD) over the last 24 hours, but the Pound Sterling (GBP) has made headway.
As markets closed, the Pound to Dollar exchange rate (GBP/USD) was seen trading at 1.25863, while the Dollar to Pound exchange rate (USD/GBP) was at 0.79452.
There has been some relief that the Administration has not moved immediately to impose reciprocal tariffs while lower yields have also undermined...
CATEGORIES: Pound Dollar Forecasts
US Inflation Moves Reverse, While the Pound Rises Following GDP Data
15 Feb 2025 at 5 PM - Written by David Woodsmith
STORY LINK US Inflation Moves Reverse, While the Pound Rises Following GDP Data
Wednesday’s CPI-inspired moves have mostly reversed and the US dollar is surprisingly lower since the release.
The pound is the best-performing G7 currency on Thursday, with a +0.4% gain against the USD.
GDP data for December and Q4 was better than expected, although the figures were still weak and won’t alter the BoE’s plans to cut rates.
Wednesday's CPI release in the US smashed estimates with a 0.5%...
CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts
Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar
14 Feb 2025 at 9 AM - Written by Tim Boyer
STORY LINK Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar
The British Pound spiked higher against the Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates on the headline UK GDP data but failed to hold the gains as the details within the data were notably less favourable and reinforced reservations over the underlying outlook.
ING commented, “Fourth-quarter UK GDP wasn't as bad as it could have been, though the details weren't great.”
The Pound to Dollar (GBP/USD) exchange...
CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts
Pound to Dollar Forecast: GBP/USD Subdued Following UK, US Data
14 Feb 2025 at 9 AM - Written by David Woodsmith
STORY LINK Pound to Dollar Forecast: GBP/USD Subdued Following UK, US Data
The Pound US Dollar exchange rate traded mostly flat on Thursday as both the UK and the US released several economic data releases.
On Thursday, the Pound (GBP) saw a modest uptick against the majority of its counterparts.
This boost was sparked by the release of the UK’s GDP figures for the last quarter of the previous year, which showed a 0.1% growth reading, exceeding the expected 0% figure.
The encouraging...
CATEGORIES: Pound Dollar Forecasts