Currency News: UK daily forex news and forecasts

The Euro to Pound exchange rate rose on Wednesday 21st August, with the pairing fluctuating around £0.914 handle. Today saw Prime Minister Boris Johnson heads to Europe in an attempt to gain support to scrap the Irish backstop with German Chancellor Angela Merkel and French President Emmanuel Macron. Ed Vaizey, Conservative MP and former minister, said that Mr Johnson was ‘just going through the motions’ with the EU,...

Lack of Safe-Haven Demand Benefits Pound Sterling Swiss Franc (GBP/CHF) Exchange Rate As general market sentiment improved this helped to keep the Pound Sterling to Swiss Franc (GBP/CHF) exchange rate on a positive footing. Weak levels of safe-haven demand dragged the Swiss Franc lower across the board on Wednesday, in spite of the latest signs of deterioration in the US-China trade relationship. With investors betting on...

Despite some weaker than expected South African inflation data today, the US Dollar to South African Rand exchange rate tumbled ahead of the publication of the Federal Reserve’s latest meeting minutes this evening, as well as other major central bank news expected later in the week. Due to broad weakness in the South African Rand, USD/ZAR was able to edge higher last week even despite rising US recession fears. USD/ZAR...

GBP/AUD Exchange Rate Falls as US-China Trade Developments Remain in Focus The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.5% today. This left the pairing fluctuating around AU$1.786 after the Reserve Bank of Australia’s board reiterated its wait-and-see on monetary policy going forward. The board’s minutes also suggested a neutral approach: ‘Having eased monetary policy at the previous two meetings,...

While the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has sustained most of the gains seen last week, its advance appears to have come to an end and the pair is struggling to hold its best levels. The latest fears that a no-deal Brexit is possible, combined with investors taking a breather from US-China trade jitters, left the pair slightly lower today. Last week was a surprisingly bullish one for GBP/NZD, as...

GBP/CAD Exchange Rate Sinks as Boris Johnson Remains Confident on UK-EU Talk Breakthrough The Pound Canadian Dollar (GBP/CAD) exchange rate eased today, leaving the pairing fluctuating around CA£1.607 as no-deal Brexit fears continue to provide downward pressure on Sterling. Meanwhile, Prime Minister Boris Johnson has said that he is ‘confident’ that the EU will concede on the controversial Irish backstop issue. Mr...

Despite higher market demand for currencies correlated with trade and risk today, the British Pound to South African Rand (GBP/ZAR) exchange rate has been trending within a tighter region since markets opened this morning. Investors are hesitant to make fresh big moves on either the Pound or South African Rand amid political and economic uncertainties. Due to lasting concerns about South Africa’s economic outlook, GBP/ZAR was...

GBP/USD Exchange Rate Falls as a Cross-Party Challenge Mounts against Boris Johnson The Pound US Dollar (GBP/USD) exchange rate eased this morning, with the pairing trading around $1.212 as cross-party opposition against a no-deal Brexit in October has increased since last week. This follows Labour leader Jeremy Corbyn’s call for cross-party MP solidarity against Prime Minister Boris Johnson in a bid to oust the Tory...

While the South African Rand rebounded slightly from weeks of losses, the British Pound to South African Rand (GBP/ZAR) exchange rate is still on track to sustain gains this week as the Pound has rebounded more strongly. Sterling has benefitted from strong UK data and signs that UK politicians are working to prevent the government from heading for a no-deal Brexit. After opening the week at the level of 18.34, GBP/ZAR saw broad...

GBP/NZD Exchange Rate Edges Higher as Cross-Party Opposition to Brexit Mounts The Pound New Zealand Dollar (GBP/NZD) exchange rate rose by 0.6% today, leaving the pairing trading around NZ$1.8919 as cross-party opposition has increased against a no-deal Brexit following Labour leader Jeremy Corbyn’s pledge to lead a caretaker government. Jo Swinson, the Leader of the Liberal Democrats, has said she would be willing to work...