Currency News: UK daily forex news and forecasts

Pound US Dollar (GBP/USD) Exchange Rate Muted as UK ‘Increasingly Likely’ to Leave EU Without a Deal The Pound Sterling US Dollar (GBP/USD) exchange rate was left muted following disappointing US data and the pairing is currently trading at an inter-bank rate of $1.3202. February’s Chicago Fed National Activity Index slipped further, from an upwardly revised -0.25 to -0.29. This also added to the growing fears of a...

GBP/NZD Exchange Rate Sinks as US-China Trade Hopes Buoy ‘Kiwi’ The Pound New Zealand Dollar (GBP/NZD) exchange rate is down today and is trading within the region of NZ$1.9179 on the inter-bank market. The New Zealand Dollar (NZD) benefited against the weakened Pound (GBP) today following renewed optimism that the US would once again engage with China over trade talks. This came after US President Trump was effectively...

Despite signs of continued weakness in Eurozone manufacturing, economic sentiment in Germany is reportedly beginning to improve and this made it more difficult for a weaker British Pound to Euro (GBP/EUR) exchange rate to hold its ground this morning. Fresh concerns about the stability of UK politics caused the Pound to fall versus most major rivals. The Euro’s own weakness was not enough to prevent GBP/EUR losses last week....

After rallying on the back of higher risk-sentiment due to this week’s Federal Reserve news, the South African Rand steadied a little at the end of the week which made it easier for the British Pound to South African Rand (GBP/ZAR) exchange rate to rebound from its worst levels. Looking ahead, Brexit news will be the primary cause of GBP/ZAR movement next week. Despite a surge in demand for GBP/ZAR last week, this week’s...

The Pound Australian Dollar (GBP/AUD) exchange rate fluctuated this morning, and the pairing is currently trading at an inter-bank rate of AU$1.8478. On Thursday the pairing rose following the conclusion of the European Union leaders’ summit which granted Prime Minister Theresa May an extension to Brexit. Leaders agreed to a short unconditional two-week extension to 12 April, however if May is able to get Parliament to...

Today the Bank of England (BoE) left interest rates unchanged, with a unanimous vote from all nine members choosing not to change rates. The minutes from the Monetary Policy Committee (MPC) meeting suggested that the next move of the bank largely depends on Brexit. The MPC said that the predictions in its inflation report were conditional on a ‘smooth adjustment to the average of a range of possible outcomes for the...

The Pound Canadian Dollar (GBP/CAD) exchange rate is flat today and is currently trading around CA$1.7529 on the inter-bank market. The Canadian Dollar (CAD) is rangebound against the Pound (GBP) today despite the publication of the Canadian ADP employment change figures for February which improved at 36.2K against January’s 35.4K. Today also saw the release of the Canadian wholesale sales figures for January which...

The Australian Dollar to Pound exchange rate soared early Thursday morning, helping to propel the AUD/GBP exchange rate to a new three-week best on the back of some upbeat employment figures from Australia. £1 currently buys AU$1.84652, -0.06% down on Friday's open. According to data published by the Australian Bureau of Statistics (ABS), the unemployment rate unexpectedly fell from 5% to 4.9% in February, the lowest...

The Pound US Dollar (GBP/USD) exchange rate is down by 0.7% today and is currently trading around $1.3181 on inter-bank market. Sterling (GBP) plummeted against the US Dollar (USD) today following the news that Prime Minister Theresa May is only willing to delay Brexit until 30 June, and will go ahead with a third ‘meaningful vote’ despite previous defeats. May said that her message to the President of the European...

The Pound Euro (GBP/EUR) exchange rate trended lower on Wednesday as the pairing was knocked by the latest bout of Brexit uncertainty. This comes as EU officials report that they still have not received a letter from Theresa May requesting a delay to Brexit, despite being just hours away from the next EU summit in which the PMs request will face the 27 other leaders in the EU. Observer fear that this dents the chances of...