Currency News: UK daily forex news and forecasts

The Pound US Dollar (GBP/USD) exchange rate came under pressure on Wednesday, falling to its lowest level in around two weeks as a sharp selloff across global bond markets unsettled investors. At the time of writing, GBP/USD was trading at around $1.3477, down roughly 0.3% from Wednesday’s opening levels. The US Dollar (USD) strengthened against most of its major counterparts on Wednesday, with mounting turmoil in...

The Pound Euro (GBP/EUR) exchange rate fell to a near two-week low on Wednesday, as rising UK government bond yields added pressure to Sterling. At the time of writing, GBP/EUR was trading at €1.1648, marking its lowest level in 13 days. The Pound (GBP) struggled on Wednesday, with a quiet UK data calendar offering Sterling little in the way of fresh support. Rising government borrowing costs continued to weigh on...

The Pound to Dollar exchange rate (GBP/USD) has retreated towards two-week lows around 1.3530 as a renewed global bond-market sell-off unsettled risk appetite and pushed UK borrowing costs to their highest levels since 2008. Pound Sterling faces conflicting forces from the surge in gilt yields, with higher returns offering carry support while simultaneously reviving concerns over fiscal sustainability and the UK economic...

The Pound to Euro exchange rate (GBP/EUR) has held firm above the important 1.1650 support area, advancing towards 1.1680 as relatively encouraging UK housing and manufacturing data supported Sterling. The Euro has struggled to capitalise on higher inflation and expectations of an ECB rate hike, with elevated European energy prices continuing to cloud the regional outlook. GBP/EUR Forecasts: Continuing to Hold Above...

The Pound US Dollar (GBP/USD) exchange rate recovered some ground through the latter part of Tuesday's session as weaker-than-expected US data undermined demand for the 'Greenback'. At the time of writing, GBP/USD was trading at around $1.3546, little changed from Tuesday's opening levels. The US Dollar (USD) initially found support on Tuesday, with renewed tensions between the US and Iran prompting a...

The Pound Euro (GBP/EUR) exchange rate made modest gains on Tuesday, with higher oil prices and fresh Eurozone inflation data prompting markets to reassess the outlook for monetary policy. At the time of writing, GBP/EUR was trading at €1.1675, having edged slightly higher over the course of the day. The Euro (EUR) came under mild pressure on Tuesday following the release of the latest Eurozone consumer price...

The Pound to Dollar exchange rate (GBP/USD) has slipped to 10-day lows around 1.3525 after Federal Reserve Chair Kevin Warsh used his Jackson Hole speech to reinforce concerns over persistent US inflation. Markets have responded by raising the probability of a September Fed rate hike to around 60%, providing renewed support for the Dollar and leaving the important 1.3500 area in focus for Sterling. GBP/USD Forecasts: Holds...

The Euro to Dollar exchange rate (EUR/USD) slipped towards one-week lows near 1.1600 after Federal Reserve Chair Kevin Warsh revived expectations of a September US rate hike. The Dollar's near-term yield support has strengthened, but the medium-term outlook remains fiercely contested as concerns over the US fiscal deficit and potential Dollar debasement clash with evidence of continued US economic...

The Pound to Euro exchange rate (GBP/EUR) has held close to 1.1685 as subdued summer trading keeps the pair confined to narrow ranges, but September could bring a decisive shift. Markets increasingly expect the European Central Bank to raise interest rates, while the Bank of England is likely to remain on hold, putting Sterling's substantial yield support under greater scrutiny. GBP/EUR Forecasts: Big September...

The Pound to Dollar exchange rate (GBP/USD) retreated to one-week lows below 1.3550 after another failure to break resistance around 1.3650, with Federal Reserve Chair Kevin Warsh's inflation warnings providing fresh support for the Dollar. Markets now see a greater than 50% chance of a September Fed rate hike, although investment banks remain divided over whether policymakers will ultimately tighten. GBP/USD...