Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Euro to Dollar Rate Forecasted Further Gains as EUR Nears 43-Month Best
17 Jun 2025 at 9 AM - Written by David Woodsmith
STORY LINK Euro to Dollar Rate Forecasted Further Gains as EUR Nears 43-Month Best
The Euro to Dollar exchange rate (EUR/USD) found support around 1.1525 on Monday and advanced to around 1.1580, within reach of its 43-month high of 1.1600, which was posted last week.
The U.S. Dollar has not been able to find sustained support in global markets with selling on rallies despite on-going Middle East tensions. Oil prices edged lower on Monday with net gains for equity markets.
Given the multiple domestic...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Rate Drifts as GBP Tipped for Decline to 1.15 EUR
17 Jun 2025 at 9 AM - Written by Tim Boyer
STORY LINK Pound to Euro Rate Drifts as GBP Tipped for Decline to 1.15 EUR
After sliding to 7-week lows just below the 1.1700 last week, the Pound to Euro exchange rate (GBP/EUR) recovered to 1.1775, but failed to hold the gains and retreated to 1.1730 on Monday.
Danske Bank maintains a downbeat stance on the Pound; “we stay negative on GBP. An investment environment characterised by elevated uncertainty and a positive correlation to a USD negative environment, in our view, favours a weaker GBP....
CATEGORIES: Pound Euro Forecasts
Pound Sterling Dented vs Euro as Single Currency Advances on Dollar Weakness
16 Jun 2025 at 10 PM - Written by Frank Davies
STORY LINK Pound Sterling Dented vs Euro as Single Currency Advances on Dollar Weakness
The Pound to Euro exchange rate (GBP/EUR) dipped on Monday despite the day’s upbeat market sentiment.
At the time of writing, the GBP/EUR was trading at around €1.1725, down roughly 0.2% from Monday’s opening levels.
The Euro (EUR) advanced against most of its major peers on Monday, defying expectations amid a broadly upbeat market mood.
Typically, the single currency struggles during risk-on sessions, as...
CATEGORIES: Pound Euro Forecasts
Bullish Pound to Dollar Rate in Push to "Fresh Multi-Year Highs"
16 Jun 2025 at 10 PM - Written by Frank Davies
STORY LINK Bullish Pound to Dollar Rate in Push to "Fresh Multi-Year Highs"
Looking ahead, movement in the GBP/USD exchange rate on Tuesday is likely to hinge on the latest US retail sales figures.
May’s report is forecast to show a sharp drop in consumer spending, with sales expected to fall to -0.7%, down from April’s modest 0.1% increase.
If confirmed, the data could reinforce concerns about a slowdown in the US economy and add to speculation that the Federal Reserve may be edging closer...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Weekly Forecast: Sub 1.40 for Next 18 Months?
16 Jun 2025 at 9 AM - Written by Ben Hughes
STORY LINK Pound to Dollar Weekly Forecast: Sub 1.40 for Next 18 Months?
Currency exchange analysts at RBC Capital Markets (RBC) forecast the Pound to Dollar (GBP/USD) exchange rate to remain below 1.40 throughout the next 18 months, despite the dollar's vulnerability.
Scotiabank forecasts GBP/USD gains to 1.48 by the end of 2026.
Both banks expect dollar losses on cyclical and structural grounds, but RBC is more bearish surrounding the Pound outlook.
GBP/USD surged to 39-month highs above...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Week Ahead Forecast: BoE Cuts to Weaken GBP Sterling
16 Jun 2025 at 9 AM - Written by David Woodsmith
STORY LINK Pound-to-Euro Week Ahead Forecast: BoE Cuts to Weaken GBP Sterling
Foreign exchange strategists at RBC Capital Markets (RBC) see scope for the GBP/EUR exchange rate to strengthen to at least 1.20 over the next 2-3 months, provided risk conditions remain benign.
It does, however, forecast that the GBP to EUR rate will slide to 1.11 at the end of 2026.
In contrast, Scotiabank forecasts that the Pound Sterling can hold just above 1.20 against the Euro by the end of 2025
GBP/EUR dipped...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast: 1.16 by 2026, 1.20 by 2027 say Investment Bank
15 Jun 2025 at 9 PM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast: 1.16 by 2026, 1.20 by 2027 say Investment Bank
Commerzbank forecasts that the Euro to Dollar exchange rate (EUR/USD) will advance to 1.16 at the end of this year and 1.20 by the end of 2026.
Morgan Stanley expects stronger EUR/USD gains to 1.25 by the second quarter of 2026.
The dollar was subjected to renewed selling during the week with the currency index sliding to the lowest level since February 2022. In this environment, EUR/USD surged to 43-month highs above...
CATEGORIES: Currency Predictions Euro Dollar Forecasts
Pound to Euro Forecast: Israel Strikes Pose GBP and EUR Risks
15 Jun 2025 at 9 PM - Written by Tim Boyer
STORY LINK Pound to Euro Forecast: Israel Strikes Pose GBP and EUR Risks
The Pound to Euro exchange rate (GBP/EUR) has been under pressure this week and extended losses in Asia on Friday with 7-week lows just below 1.1700 before a recovery to 1.1750.
Geo-political developments will inevitably remain important in the short term with choppy trading, especially as there will be position adjustment into the weekend.
The Euro and Pound are both vulnerable to some extent if geo-political fears...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Pound to Dollar Forecast: 40-Month Best, but "Room for Downside Correction"
15 Jun 2025 at 9 PM - Written by Tim Boyer
STORY LINK Pound to Dollar Forecast: 40-Month Best, but "Room for Downside Correction"
The Pound to Dollar exchange rate (GBP/USD) jumped to a 40-month high just above 1.3630 late on Thursday as the dollar came under further pressure.
There was, however, a sharp retreat to lows near 1.3520 on Friday following Israel’s military strike on Iranian nuclear facilities before trading just below 1.3550.
There was renewed demand for safe-haven assets while the slide in risk appetite undermined the Pound in...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
Euro to Dollar Forecast: EUR Tumbles After Israel Strike on Iran
13 Jun 2025 at 1 PM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast: EUR Tumbles After Israel Strike on Iran
Israel’s Iran Strikes Trigger USD Rebound, Euro Retreats Versus US Dollar from 43-Month Highs
The Euro to Dollar exchange rate (EUR/USD) surged to 43-month highs just above 1.1630 on Thursday as the dollar came under renewed pressure.
There was, however, a sharp retreat to lows below 1.1520 on Friday following Israel’s strike on Iran’s nuclear facilities with a surge in geo-political tensions and a spike in oil...
CATEGORIES: Euro Dollar Forecasts