Currency News: UK daily forex news and forecasts

Yesterday’s excitement that a new UK-EU Brexit deal had been reached has only had a limited impact on the British Pound to US Dollar (GBP/USD) exchange rate, as markets remember that there is not much support among MPs for the government’s Brexit plan. Despite this though, the Pound continues to perform fairly strongly today as the US Dollar is dragged by poor US ecostats published in recent sessions. For now, GBP/USD is on...

Pound South African Rand (GBP/ZAR) Exchange Rate Falls as PM Insists he is 'Very Confident' The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped this morning, and the pairing is currently trading at around R19.0157. At the end of the week, the Pound retreated as doubts Prime Minister Boris Johnson’s Brexit deal will receive enough support during Saturday’s ‘meaningful vote’. On Thursday, news that...

Despite today’s news that a new UK-EU Brexit deal has finally been reached, the British Pound to Swiss Franc (GBP/CHF) exchange rate only briefly touched on best levels today before sliding and trending lower again. Resilience in the Swiss Franc, combined with lasting uncertainty over whether the Brexit deal would actually pass through UK Parliament, limited market demand for the pair today. Following last week’s impressive...

GBP/NZD Exchange Rate Falls, UK-EU Brexit Deal Doubts Increase The Pound New Zealand Dollar (GBP/NZD) exchange rate plunged by -0.9% today, with the pairing currently trading around NZ$2.020 after the Democratic Unionist Party (DUP) jeopardised Prime Minister Boris Johnson’s UK-EU Brexit deal after announcing that it ‘drives coach and horses’ through the Good Friday Agreement. The DUP also said in this morning’s...

Pound (GBP) Surges on Positive Brexit Deal Signals The Pound (GBP) stuck higher against the US Dollar (USD) and the majority of its other peers today amidst some mixed signals from the UK and EU over the possibility of a Brexit deal. Sterling roared higher on Tuesday, with the GBP/USD exchange rate touching a new four-month high after Bloomberg reported the UK and EU were close to a draft Brexit deal. However the Pound...

GBP/EUR Exchange Rate Eases, DUP Criticise Boris Johnson’s Brexit Deal The Pound Euro (GBP/EUR) exchange rate eased by -0.3% today, with the pairing currently trading around €1.152 as doubts over Brexit increase after the DUP have called into question Prime Minister Boris Johnson’s newly proposed withdrawal agreement. A spokesperson for the party commented that ‘it would be fair to indicate gapes remain and further work...

Pound Australian Dollar (GBP/AUD) Exchange Rate Left Muted Ahead of EU Crunch Summit The Pound Sterling Australian Dollar (GBP/AUD) exchange rate was left muted on Wednesday, and the pairing is currently trading at around AU$1.8924. The Pound was left flat against the Australian Dollar as traders nervously awaited last-ditch efforts from the UK and EU to secure a Brexit deal ahead of Thursday’s crunch summit. While...

Pound US Dollar (GBP/USD) Exchange Rate Rises as Brexit Deal ‘Still Possible’ The Pound Sterling US Dollar (GBP/USD) exchange rate jumped over 1%, and the pairing is currently trading at around $1.2745. Tuesday saw the pairing held near the three and a half month high reached last week, as a fresh wave of Brexit optimism was sparked by comments from the European Union’s chief negotiator, Michel Barnier. Sterling...

As with many Pound exchange rates, the British Pound to Japanese Yen (GBP/JPY) exchange rate recovered from yesterday’s dip overnight thanks to this morning’s Brexit comments from EU Chief Negotiator Michel Barnier. However, the Pound’s gains against the Yen were modest and limited, as investors were hesitant to sell the safe haven Japanese Yen amid the latest rise in US-China trade jitters. A combination of Brexit hopes...

GBP/USD Exchange Rate Falls, Brexit Talks Could Exceed EU Summit The Pound US Dollar (GBP/USD) exchange rate fell by -0.8% today, with the pairing currently trading around $1.254 after a UK-EU Brexit breakthrough failed to manifest after the weekend’s intensive negotiations. Michel Barnier, the EU’s Chief Negotiator, also added that talks may have to continue after the EU summit this week, further raising doubts of an October...