Currency News: UK daily forex news and forecasts

GBP/CAD Exchange Rate Trades Level as Employment Data Disappoints Given the lack of Pound (GBP) data through today’s session, the Pound Canadian Dollar (GBP/CAD) exchange rate has been largely driven by movements in the Canadian Dollar (CAD). High oil prices this morning boosted the ‘Loonie’, but CAD has since come under pressure from poor employment data. At the time of writing, GBP/CAD is trading at C$1.7475,...

Pound Canadian Dollar Exchange Rate Edges Down on CAD Upside The Pound (GBP) ticked down against the Canadian Dollar (CAD) this afternoon, following a morning of relatively level trading. Initially, upside in the Pound over record-high inflation data matched Canadian Dollar gains on rising oil prices. The ‘Loonie’ then found further tailwinds this afternoon, trading up against the Pound as Canadian inflation...

GBP/NZD Exchange Rate Trades Level Amidst Strong Trading Sentiment The Pound (GBP) was unable to exert major gains against the New Zealand Dollar (NZD) through today’s session, despite impressive UK employment data raising GBP sentiment. Expectations of strong consumer confidence and current account figures may have bolstered the ‘Kiwi’ At the time of writing, GBP/NZD is trading at NZ$1.9480, virtually unchanged...

GBP/USD Exchange Rate Trades Sideways on Lack of Data The Pound US Dollar (GBP/USD) exchange rate traded in a narrow range today as both currencies lacked significant data. Movement in the Pound (GBP) was instead stimulated by risk sentiment and Covid developments, while the US Dollar (USD) found support on Fed tapering expectations. At the time of writing, GBP/USD is trading at $1.3844, virtually unchanged from...

The Pound Euro (GBP/EUR) exchange rate is mixed this morning as the latest GDP figures from the UK support the appeal of Sterling. At the time of writing the GBP/EUR pairing are trading around the 1.1711 level as the Euro also finds strength on the back of German inflation rate data. Pound (GBP) Exchange Rate Mixed on UK GDP Figures The Pound has found itself mixed against the Euro this morning as the latest GDP...

GBP/CAD Exchange Rate Rises Despite Strong US Jobs Data The Pound US Dollar (GBP/USD) exchange rate rose by 0.2% despite growing demand for the safe-haven ‘Greenback’ as concerns grow over new variations of Covid-19, which could potentially evade vaccination. The pairing is currently trading around $1.38. As a result, souring risk sentiment has driven-up demand for the US Dollar. But this has not been enough to strengthen...

GBP/AUD Exchange Rate Rangebound as ‘Firebreak’ Lockdown News Dampens UK Economic Confidence The Pound Australian Dollar (GBP/AUD) exchange rate is rangebound today with UK markets concerned about the possibility of a ‘firebreak’ October lockdown, should Covid-19 infections and hospitalisations remain high next month. The pairing is currently trading around AU$1.86. However, the UK Department for Education, claimed...

The Pound to Australian Dollar (GBP/AUD) exchange rate has strengthened this morning on the back of rising house prices in the UK. The GBP/AUD pairing are currently trading at around AU$1.8637, as the Australian Dollar struggles following the latest Reserve Bank of Australia (RBA) interest rate decision. Pound (GBP) Supported by Rising UK House Prices The Pound has strengthened against the Australian Dollar this...

The Pound to US Dollar (GBP/USD) exchange has weakened today as a disappointing PMI reading from UK did little to support Sterling appeal. At the time of writing the GBP/USD pairing are trading at around $1.3838 level as a sour market mood and positive rise in US treasury yields bolsters the ‘Greenback’. Pound Sterling (GBP) Exchange Rate Muted on UK Construction PMI The Pound has been muted against the US Dollar...

The Pound to US Dollar (GBP/USD) exchange has been mixed for much of the day as the latest services PMI from the UK failed to impress investors. At the time of writing the GBP/USD pairing are trading at around $1.3958 as a sour market mood and positive US personal spending figures bolster the US Dollar. Pound Sterling (GBP) Exchange Rate Struggles for Direction on UK Services PMI The Pound has been struggling for...