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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

Euro to Dollar Week-Ahead Forecast: US Inflation to Test Euro Rebound

9 Nov 2026 at 1 PM - Written by James Fuller

The Euro to Dollar exchange rate (EUR/USD) recovered to around 1.1195 on Monday afternoon, gaining 0.5% as the Dollar surrendered part of Friday's advance. Tuesday's US inflation report will provide the next test of the recovery, with banks divided over whether weaker demand for defensive assets can outweigh expectations of another Federal Reserve rate increase. EUR/USD Forecasts: US inflation tests 1.12 recovery ING...

CATEGORIES: Euro Dollar Forecasts

Pound-to-Dollar Weekly Forecast: Analysts Remain Bullish on Sterling

9 Nov 2026 at 7 AM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) retreated from seven-week highs around 1.3500 to 1.3350 as stronger US jobs data and a renewed technology-stock sell-off helped the Dollar recover from its initial post-election losses. UBS remains bullish on Pound Sterling, forecasting a rise to 1.41 by mid-2027, while Rabobank expects the Dollar to retain enough support to keep GBP/USD near 1.30 over the next year. GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Week Ahead Forecast: GBP Supported by BoE, Closer EU Ties

9 Nov 2026 at 6 AM - Written by Frank Davies

The Pound to Euro exchange rate (GBP/EUR) held close to 1.20 after the Bank of England raised interest rates to 4.00% and warned that further tightening may be needed. Goldman Sachs sees scope for Sterling to advance towards 1.2050 in the short term, although investment banks remain divided over how far UK rates will rise and whether the Pound can sustain its gains into 2027. GBP/EUR Forecasts: BoE Takes Action...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Forecast: GBP/USD Stalls at 1.35 Despite Hawkish BoE

8 Nov 2026 at 7 PM - Written by Frank Davies

The Pound to Dollar exchange rate (GBP/USD) struggled to break above 1.3500 on Thursday despite a hawkish Bank of England rate hike and continued fallout from the Democrats' sweeping US midterm election victory. Pound Sterling remained firm near seven-week highs, but a modest Dollar recovery and expectations of further Federal Reserve tightening limited gains ahead of Friday's US employment report. GBP/USD Forecasts:...

CATEGORIES: Pound Dollar Forecasts

British Pound to Euro Forecast: UK Inflation Could Hit 5% as BoE Raises Rates

8 Nov 2026 at 7 PM - Written by James Fuller

The Pound to Euro exchange rate (GBP/EUR) returned towards 1.2000 after the Bank of England raised interest rates to 4.00% and delivered a more hawkish message than markets had expected. An unexpectedly strong 8-1 vote and warnings over rising inflation risks have increased the prospect of another hike as early as December, although ING and MUFG remain sceptical that the Bank will deliver the full tightening cycle priced...

CATEGORIES: Pound Euro Forecasts

Pound-to-Euro Breaks €1.20

5 Nov 2026 at 8 PM - Written by Frank Davies

The Pound to Euro (GBP/EUR) exchange rate climbed above €1.20 on Thursday after the Bank of England (BoE) raised interest rates and signalled that further increases could follow. At the time of writing, GBP/EUR was trading at around €1.2008, close to its recent 18-month high and approximately 0.2% higher than at the start of the European session. The Pound (GBP) strengthened after the Bank of England delivered a more...

CATEGORIES: Pound Euro Forecasts

British Pound to Euro Forecast: BoE Raises Rates to 4%, GBP Eyes 1.21

5 Nov 2026 at 5 PM - Written by David Woodsmith

The Pound to Euro exchange rate (GBP/EUR) held close to 19-month highs around 1.20 after the Bank of England raised interest rates to 4.00% in a more hawkish vote than expected. Pound Sterling remains supported by resilient UK economic data and persistent French fiscal concerns, although markets are now focused on whether policymakers will deliver further tightening in early 2027. GBP/EUR Forecasts: Holding Near...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Forecast: Bank of England Raises Rates as USD Slides

5 Nov 2026 at 5 PM - Written by James Fuller

The Pound to Dollar exchange rate (GBP/USD) held close to seven-week highs around 1.3470 after the Bank of England raised interest rates to 4.00% in a more hawkish vote than expected. Pound Sterling also benefited from continued Dollar weakness following the Democratic sweep of Congress, although resilient US employment data and expectations of another Federal Reserve hike limited further gains. GBP/USD Forecasts: Near...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Surges towards 1.35 after Democrats Sweep US Elections

4 Nov 2026 at 8 PM - Written by James Fuller

The Pound to US Dollar (GBP/USD) exchange rate surged on Wednesday as the Democrats' decisive victory in the US midterm elections triggered a sharp decline in the 'Greenback'. At the time of writing, GBP/USD was trading at approximately $1.3490, up around 0.6% from Wednesday's opening levels and approaching the psychologically important $1.3500 mark. The US Dollar (USD) came under significant selling pressure after...

CATEGORIES: Pound Dollar Forecasts

Pound-Euro Steady at 1.1983 as UK Services PMI Disappoints

4 Nov 2026 at 8 PM - Written by Frank Davies

The Pound Euro (GBP/EUR) exchange rate traded within a narrow range on Wednesday as investors assessed disappointing UK and Eurozone PMI figures alongside the latest inflation data from the currency bloc. At the time of writing, GBP/EUR was trading at around €1.1983, remaining close to the psychologically important €1.2000 level. The Euro (EUR) struggled to establish a clear direction on Wednesday as mixed economic...

CATEGORIES: Pound Euro Forecasts