Currency News: UK daily forex news and forecasts

For weeks, analysts had suggested that the Pound could surge when UK-EU Brexit negotiators finally reached a deal. However, when that deal was reached this week, UK political uncertainties flared up as ministers began to resign in opposition of the deal. This left the British Pound to US Dollar (GBP/USD) exchange rate plunging. Since opening this week at the level of 1.2973, GBP/USD has fluctuated with both the Pound and US...

Concerns that UK Prime Minister Theresa May could struggle to find enough domestic support to pass a UK-EU Brexit deal into UK law left the British Pound to Canadian Dollar (GBP/CAD) tumbling on Wednesday, despite lower oil prices weighing on demand for the oil-correlated Canadian Dollar. Since opening this week at the level of 1.7130, GBP/CAD briefly slumped to its worst levels since the beginning of the month – 1.6954. On...

Fears that UK-EU Brexit negotiations could collapse or that UK Parliament could block a potential Brexit deal even if one is reached has kept major pressure on the British Pound to Euro (GBP/EUR) exchange rate, but some strong UK data and concerning Eurozone data has made it easier for the pair to hold above its worst levels. Due largely to hopes that a UK-EU Brexit deal can be reached soon, GBP/EUR has been edging higher in...

A surprisingly resilient US Dollar avoided losses versus the Pound last week despite the results of the US Mid-Term Elections, and the British Pound to US Dollar (GBP/USD) exchange rate continued to fall when markets opened this week as Brexit concerns returned to UK headlines. Last week saw GBP/USD open at the level of 1.2973 and close at the level of 1.2973 as the Pound’s early-week gains were written off. On Wednesday,...

Fall in German Exports Leads to Rise in Pound Euro (GBP/EUR) Exchange Rate The Pound (GBP) has consolidated yesterday’s gains against the Euro (EUR) today and remained elevated following news that Germany’s imports and exports fell sharply in September. Data released this morning showed that, while the Eurozone’s largest economy racked up a larger trade surplus in September, the data hid the fact that both exports and...

Since Wednesday’s strong New Zealand job market report, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been tumbling. The New Zealand Dollar continued to strengthen on Thursday as the Reserve Bank of New Zealand (RBNZ) tone became more neutral and investors bet that a rate cut from the bank was less likely. After opening the week at the level of 1.9489, GBP/NZD briefly surged to a weekly high of 1.9657....

The Pound Danish Krone (GBP/DKK) exchange rate is resting close to a six-month high today as Sterling continues to be buoyed by hopes that a Brexit deal could be struck in the coming weeks. Pound (GBP) Exchange Rates Buoyed by Talk of Government’s Brexit Timetable The Pound is trade close to multi-month highs against the Danish Krone (DKK) and a many of its other currency peers today amid hopes that strides are being made...

While the results of the US 2018 Mid-Term Elections were largely unsurprising, the Euro to US Dollar (EUR/USD) exchange rate still benefitted from US Dollar weakness as US President Donald Trump’s ability to push through fiscal policy was perceived to have weakened. The Euro was supported by some of this week’s Eurozone data. Despite sliding slightly last week from the level of 1.1409 to 1.1387, EUR/USD has since recovered...

On Monday, the Pound to US Dollar exchange rate opened in the region of $1.3005 in the morning and closed marginally higher around $1.3063 in the evening. This appreciation was caused by optimism about an apparent ‘secret’ Brexit deal being made by Prime Minister Theresa May, although official sources were quick to deny the story. Pound to US Dollar (GBP/USD) Exchange Rate Near 3-Week high despite Brexit Backstop...

The Euro US Dollar (EUR USD) exchange rate is traded in a very narrow range on Tuesday as investors remain reluctant make any moves ahead of the US mid-term elections. US Dollar (USD) On Hold as Markets Await Outcome of US Mid-Term Elections The US Dollar (USD) is range bound against the Euro (EUR) and the majority of its other currency peers today as election fever takes hold of markets. Investors are currently erring...