Currency News: UK daily forex news and forecasts

Even after the Bank of Canada (BoC) took a relatively optimistic tone on Canada’s economic outlook this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has seen another surge in demand today. The Pound is benefitting from weakness in the Canadian Dollar, as investors react to a shockingly poor Canadian job market report and anticipated next week’s major UK General Election. Despite some optimism from the...

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Flat after GBP’s Three-Day Rally The Pound Sterling South African Rand (GBP/ZAR) exchange rate was remained flat on Friday morning, leaving the pairing trading at around R19.2375. At the end of the week, Sterling edged lower against the Rand after its recent rally sparked by Brexit optimism. Meanwhile, Rand sentiment increased on optimistic US-China trade...

Stronger Conservative Polls Boost Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate With the Conservatives continuing to perform well in the polls the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate climbed to its highest level since May. While it remains to be seen whether these polling figures will ultimately translate into a parliamentary majority this did not stop investors from piling into the...

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Reaches One-Month High The Pound Sterling South African Rand (GBP/ZAR) exchange rate rallied on Thursday morning as UK election optimism increased. The pairing is currently trading at around R19.2307. The Pound was provided with a further boost as optimism the Conservative Party would win next week’s general election increased. Markets have largely priced in a...

EUR/USD Exchange Rate Rangebound, US Economy is ‘Slowing’ The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.109 after the US ISM Non-Manufacturing PMI for November fell below forecasts from 54.7 to 53.9, weakening market confidence in the US economy. Today also saw the publication of the US ADP employment change figure for November, which undercut expectations and...

Earlier in the week, mixed UK election polling and a surprisingly neutral tone from the Reserve Bank of Australia (RBA) left the British Pound to Australian Dollar (GBP/AUD) exchange rate tumbling. However, since then investors have become more confident in the UK political outlook once again, and the Australian Dollar has been knocked lower by a double whammy of concerning global trade developments and underwhelming Australian...

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Higher as Markets Anticipate 2020 BoC Cut The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate edged up on Wednesday. The pairing is currently trading at around CA$1.7330. The Canadian Dollar remained under pressure ahead of this afternoon’s Bank of Canada (BoC) interest rate decision. While markets largely expect the bank to leave rates unchanged this month,...

After sliding throughout yesterday’s session and touching lows not seen in almost a month, the British Pound to South African Rand (GBP/ZAR) exchange rate rebounded this morning and saw a surge in demand. This has been due to both a surprisingly good UK poll for the ruling Conservative Party, as well as some highly concerning developments in South Africa’s economic outlook and the US-China trade war. Due to UK election...

Pound Sterling Euro (GBP/EUR) Exchange Rate Rallies as UK Construction Downturn Eases The Pound Sterling Euro (GBP/EUR) exchange rate rose on Tuesday following the release of UK construction data. The pairing is currently trading at around €1.1728. Sterling edged up today as the pace of decline in the UK construction sector eased in November. However, the UK construction PMI remained firmly in contraction territory,...

GBP/AUD Exchange Rate Eases, RBA Holds Interest Rates The Pound Australian Dollar (GBP/AUD) exchange rate eased this morning, with the pairing currently trading around AU$1.893 after the Reserve Bank of Australia (RBA) held its interest rate decision at 0.75%. RBA Governor Philip Lowe, however, was downbeat in his outlook, commenting that risks to Australia’s economy were ‘still tilted to the downside’. Mr Lowe also...