Currency News: UK daily forex news and forecasts

Last week, the Pound opened trading against the New Zealand Dollar at a level of NZ$1.9984 on Monday and closed down lower around NZ$1.9550 on Friday. This deterioration was caused by a late-week Brexit scare, which began with Thursday’s EU summit. Taking place in Salzburg, this summit brought together EU leaders for what GBP traders hoped would be a productive discussion about the Brexit process. This proved to be a...

On Wednesday, the Euro opened trading against the Pound at a level of £0.8870 and closed slightly higher around £0.8884. Despite the overall appreciation, the Euro to Pound exchange rate (EUR/GBP) was volatile during the day because of GBP trader reactions to news of higher UK inflation rates. Euro to Pound Sterling (EUR/GBP) Exchange Rate Dips despite Support from US Dollar Crash The Euro (EUR) has fallen against the...

Due to mixed risk-sentiment and Brexit uncertainties, the British Pound to Australian Dollar (GBP/AUD) exchange rate has been volatile this week. On Thursday, strong UK retail sales results helped the Pound to rebound from its weekly lows and recover around half of its losses since Monday. After opening this week at the level of 1.8267, GBP/AUD briefly jumped to touch a four month high of 1.8396. The Australian Dollar then...

The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate picked up in the wake of August’s better-than-expected UK retail sales data this morning. Markets were caught off guard as sales excluding auto fuel accelerated 0.3% on the month, defying expectations of a contraction of -0.3%. An upward revision to July’s data added to the bullish mood of GBP exchange rates, indicating that UK consumers have continued to...

Despite market uncertainty ahead of the publication of New Zealand’s Q2 growth results, a combination of fresh Brexit jitters and higher demand for risk-correlated currencies kept pressure on the British Pound to New Zealand Dollar (GBP/NZD) exchange rate on Thursday. Brexit hopes initially helped GBP/NZD to see fairly steady movement since markets opened this week, but at the time of writing on Wednesday the pair was...

On Tuesday, the Euro opened trading against the US Dollar at a level of $1.1669 and after a day of fluctuation, closed slightly higher around $1.1679. The Euro did rise to a high of $1.1716 during the day, but failed to maintain such a favourable exchange rate for the rest of daily trading. Euro to US Dollar (EUR/USD) Exchange Rate Tight after Construction Output Slowdown The Euro (EUR) has failed to get off the starting...

Monday opened with the Pound trading at a level of AU$1.8295 against the Australian Dollar: the GBP/AUD exchange rate closed daily trading around AU$1.8394. Beyond the opening and closing rates, the Pound’s worst daily exchange rate was AU$1.8246. Pound Sterling to Australian Dollar Exchange Rate News: GBP/AUD Drops by -0.8% as Brexit Warnings Stack Up Pound Sterling (GBP) has fallen by -0.8% against the Australian...

The US Dollar has seen notable losses so far this week, as investors sell the strong currency from its best levels in profit-taking and amid underwhelming US data in recent sessions. However, the British Pound to US Dollar exchange rate has been unable to hold its best levels, as worsening US-China trade jitters mean that safe haven currencies are still seeing support. Despite its Tuesday slip, GBP/USD is on track to see...

The Pound saw sturdy performance on Monday, as it continued to find support in last week’s Brexit developments and as investors anticipated further Brexit comments this week. This meant the Euro to British Pound (EUR/GBP) exchange rate was unable to recover any of last week’s losses and instead saw tight movement. Last week saw EUR/GBP tumble around half a penny, from 0.8945 to 0.8898. On Monday, EUR/GBP trended generally...

On Wednesday, the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate opened in the region of NZ$1.9979 and closed down lower around NZ$1.9877. This overall decline in the GBP/NZD exchange rate was caused by GBP trader uncertainty about the Brexit process. European Commission President Jean-Claude Juncker was responsible for an initial Pound Sterling to New Zealand Dollar exchange rate rise, but later analysis of...