Currency News: UK daily forex news and forecasts
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Pound to Euro Forecast: GBP Underperforms on UK Tax Hike Fears
1 Aug 2025 at 8 PM - Written by Tim Boyer
STORY LINK Pound to Euro Forecast: GBP Underperforms on UK Tax Hike Fears
The Pound Sterling has remained on the defensive in global markets with the Pound to Euro exchange rate (GBP/EUR) retreating to near 1.1467.
Domestically, a very negative business confidence survey grabbed the headlines, although the overall evidence was mixed with a rival survey at a 9-year high.
The extreme divergence will cause significant confusion and cause headaches for the Bank of England, but traders put greater...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Pound-to-Euro Rate Sinks as Dollar Surges on US Jobs Shock
1 Aug 2025 at 7 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Rate Sinks as Dollar Surges on US Jobs Shock
The Pound to Euro exchange rate (GBP/EUR) crashed lower on Friday as global currency markets reacted to a shocking US jobs report.
At the time of writing, GBP/EUR was seen trading at 1.14734, 0.78 per cent lower on the day.
The sharp post-payrolls drop in the US dollar, and corresponding EUR/USD rally and GBP/EUR slide, was driven by a notably weaker-than-expected July jobs report, which cast fresh doubt on the strength...
CATEGORIES: Pound Euro Forecasts
GBP/USD Forecast: Pound Surges Against Dollar as US Jobs Slows Sharply
1 Aug 2025 at 5 PM - Written by Ben Hughes
STORY LINK GBP/USD Forecast: Pound Surges Against Dollar as US Jobs Slows Sharply
The US Dollar dived after the latest US jobs data, and the Pound to Dollar (GBP/USD) exchange rate recovered from 10-week lows near 1.3140 to just above the 1.3300 level in an immediate reaction.
Another important element, however, was a decline in equity markets and a weaker tone surrounding risk appetite with unease over US tariff developments amplifying the impact of the jobs shock.
Weaker risk appetite hampered the...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro FX Forecast: Sterling Slips Despite FTSE Record High
1 Aug 2025 at 7 AM - Written by Frank Davies
STORY LINK Pound to Euro FX Forecast: Sterling Slips Despite FTSE Record High
The Pound to Euro exchange rate (GBP/EUR) hit 2-week highs just above 1.1620 before a significant retreat to near 1.1560.
Notably, GBP/EUR was blocked ahead of 1.1635 (equivalent to 0.86 for EUR/GBP)
There is scope for position adjustment on Thursday and SocGen warned that volatility usually increases during August.
The Pound and Euro were both on the defensive in global markets as the dollar made net gains following...
CATEGORIES: Pound Euro Forecasts
Pound Sterling to Dollar Forecast: Risk of GBP Retreat to 1.3150
1 Aug 2025 at 7 AM - Written by David Woodsmith
STORY LINK Pound Sterling to Dollar Forecast: Risk of GBP Retreat to 1.3150
The Pound to Dollar exchange rate (GBP/USD) came under renewed pressure after the Federal Reserve held interest rates at 4.50% and Fed Chair Powell struck a notably hawkish tone.
With no sign of a September rate cut and dissent from two dovish members, the US Dollar surged while the Pound Sterling dipped to 11-week lows, weighed further by expectations of a Bank of England rate cut next week.
Although the Federal...
CATEGORIES: Pound Dollar Forecasts
Euro to US Dollar Forecast: "EUR Could Test 1.1380 Level"
31 Jul 2025 at 9 PM - Written by Frank Davies
STORY LINK Euro to US Dollar Forecast: "EUR Could Test 1.1380 Level"
The dollar lost ground in immediate reaction to the Federal Reserve statement, but there was a sharp reversal following Chair Powell’s relatively hawkish press conference. Powell effectively rebutted Trump’s repeated calls for lower rates and triggering another shift in market expectations.
From near 1.1500, the Euro to Dollar (EUR/USD) exchange rate slumped to 7-week lows just above 1.1400.
There was a slight...
CATEGORIES: Euro Dollar Forecasts
Pound-to-Euro Dips Ahead of Eurozone Inflation
31 Jul 2025 at 2 PM - Written by Tim Boyer
STORY LINK Pound-to-Euro Dips Ahead of Eurozone Inflation
The Pound to Euro exchange rate (GBP/EUR) dipped to lows of 1.155 on Thursday after Germany published its latest inflation data.
At the time of writing, the GBP/EUR was trading at around €1.1564, virtually unchanged from Thursday’s opening levels.
The Euro (EUR) strengthened against several major peers on Thursday following the release of Germany’s latest consumer price index (CPI).
July’s figures showed that...
CATEGORIES: Pound Euro Forecasts
Pound Sterling Hits Low Against Dollar and Euro on Hawkish Fed
31 Jul 2025 at 1 PM - Written by David Woodsmith
STORY LINK Pound Sterling Hits Low Against Dollar and Euro on Hawkish Fed
The Pound to US Dollar (GBP/USD) exchange rate hovered near a two-month low on Thursday, with the Greenback consolidating gains from the previous session.
At the time of writing, GBP/USD was trading at around $1.3243, largely unchanged from Thursday’s opening levels.
The US Dollar (USD) opened Thursday’s session on solid footing, after surging on Wednesday in response to upbeat data and hawkish central bank...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Support "to be Limited" on Three BoE Rate Cuts in 2025
31 Jul 2025 at 8 AM - Written by Tim Boyer
STORY LINK Pound to Dollar Support "to be Limited" on Three BoE Rate Cuts in 2025
The Pound-to-Dollar exchange rate (GBP/USD) secured a limited net advance in early Europe on Wednesday, but the recovery reversed decisively after the New York open as firm US data triggered another lurch lower for European currencies.
From highs around 1.3385, the pair dipped sharply to fresh 10-week lows just below the 1.3300 level.
According to UoB; “GBP/USD is likely to remain under pressure, but it is too early to...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Price Forecast: "EUR/USD Bearish Momentum" to Continue
31 Jul 2025 at 8 AM - Written by Frank Davies
STORY LINK Euro to Dollar Price Forecast: "EUR/USD Bearish Momentum" to Continue
The Euro-to-Dollar exchange rate (EUR/USD) was blocked around 1.1570 on Wednesday and dipped to 5-week lows below 1.1500 following the latest US data with a slide to 1.1470.
The dollar gained fresh traction after the latest data releases while the Euro remained vulnerable.
ING still sees scope for further EUR/USD losses; “The stark divergence in growth news between the US and Europe should underpin EUR/USD bearish...
CATEGORIES: Euro Dollar Forecasts