Currency News: UK daily forex news and forecasts

Australian Dollar (AUD) Suffers Risk-Off Mood due to Covid Variant The Australian Dollar is losing ground against the Pound so far this morning due to risk-off sentiment despite positive retail sales for October. October’s retail sales were released during the overnight session which showed an increase of 4.9%, beating the previous month’s 1.3% and the forecast 2.5%. However, this data has been overshadowed by the...

US Dollar (USD) Mixed Following Fed Meeting Minutes The US Dollar (USD) is trading in a narrow range against the Pound so far this morning. The November Federal Reserve meeting minutes were released last night and alluded to faster tapering than previously expected, with a recuperating jobs market and 30-year-high inflation rates. Some policymakers demonstrated a willingness to withdraw the Fed’s bond-buying program...

Pound (GBP) Faces Headwinds due to On-Going Northern Ireland Negotiations The Pound to Canadian Dollar (GBP/CAD) exchange rate is fluctuating today as GBP remains under pressure from the Northern Ireland negotiations. Anne-Marie Trevelyan, the international trade secretary, hinted that the UK Government is easing their approach towards the Northern Ireland protocol yesterday, declaring that she doesn’t ‘…think...

Pound (GBP) Faces Pressure as Northern Ireland Negotiations Remain Unresolved The Pound to Euro (GBP/EUR) exchange rate is on the back foot so far today as the UK softens their stance with regards to Brexit talks, whilst the Euro relishes from strong PMI Flash data. Sterling remains under pressure as UK-EU negotiations surrounding the Northern Ireland protocol continue. The future of the UK’s relationship with Europe is...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Lacks Direction on Mixed UK PMIs The Pound Canadian Dollar exchange rate is subdued so far this week as UK manufacturing and services PMIs bettered forecasts, but indicated record-high input costs, and oil prices soften again after a brief bounce yesterday. After edging higher yesterday to above CA$1.70, the GBP/CAD exchange rate is trading sideways at CA$1.7006 at the time of...

GBP/CAD Lacks Direction as UK and Canadian Retail Sales Provide Optimism The Pound Canadian Dollar exchange rate is trading in a narrow range on Friday after making gains through the latter part of the week. Improved UK retail sales failed to bolster GB exchange rates, while Canadian retail figures supported the Canadian Dollar. However, concerns over rising coronavirus infections in Europe and falling oil prices kept...

Pound US Dollar (GBP/USD) Exchange Rate Subdued Amidst Profit Taking The Pound US Dollar (GBP/USD) exchange rate is trading within a narrow range today after GBP investors book some of their profits following yesterday’s post-inflation surge. At time of writing the GBP/USD exchange rate is at around $1.3493 which virtually unchanged from this morning’s rates. Pound (GBP) Gains Capped by Profit Taking The Pound...

Pound Australian Dollar (GBP/AUD) Buoyed as UK Inflation Soars The Pound Australian Dollar (GBP/AUD) exchange rate is strengthening on Wednesday after making solid gains on Tuesday. Soaring UK inflation has led some investors to price in expectations for a rate hike from the Bank of England (BoE) at its December policy meeting. GBP/AUD has rebounded from AU$1.82 on Monday to trade at AU$1.8448 at the time of...

Pound Euro (GBP/EUR) Exchange Rate Climbs as Euro Confidence Falls The Pound Euro (GBP/EUR) exchange rate has climbed slightly over the course of today’s session as the Euro weakens against the Pound. The Euro is looking slightly weaker today as confidence in the currency is potentially undermined by current events on the Belarus-Poland border. As of time of writing the Pound Euro exchange rate is at around...

Pound Canadian Dollar Exchange Rate Boosted by Unstable Oil The Pound Canadian Dollar (GBP/CAD) exchange rate rose overnight as fluctuating oil prices caused weakness in the Canadian Dollar. The GBP/CAD exchange rate has continued to rise throughout the session and is currently at around $1.6863. Canadian Dollar (CAD) Stumbles amid Volatile Oil Prices The Canadian Dollar is retreating this afternoon as continuing...