Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Euro to Pound Forecast: Break Below 200-Day SMA Could Mean 0.8323
30 May 2025 at 8 AM - Written by Tim Boyer
STORY LINK Euro to Pound Forecast: Break Below 200-Day SMA Could Mean 0.8323
The Pound to Euro exchange rate (GBP/EUR) spiked to 8-week highs around 1.1970 immediately after the US trade court ruled overnight that Trump’s reciprocal tariffs were unconstitutional.
The Euro was hit by wider position liquidation, but the pair retreated from highs and settled around 1.1940 as markets attempted to divine potential changes to the UK and EU trade negotiations and outlook.
The initial focus will be on...
CATEGORIES: Euro Pound Forecasts
Pound-to-Euro Rate Stabilises after Jumping Overnight
30 May 2025 at 8 AM - Written by Frank Davies
STORY LINK Pound-to-Euro Rate Stabilises after Jumping Overnight
The Pound to Euro exchange rate (GBP/EUR) spiked overnight on Wednesday following US trade news, although the pairing stabilised as movement subsided during European trade.
At the time of writing, GBP/EUR traded at €1.1941, little changed from the start of the European session but up from €1.1920 overnight.
The Euro (EUR) slipped during overnight trade on Wednesday night, knocked lower by renewed strength in the US...
CATEGORIES: Pound Euro Forecasts
Pound Sterling to Dollar Rate Rises on Legal Blow to Trump Tariffs
30 May 2025 at 8 AM - Written by David Woodsmith
STORY LINK Pound Sterling to Dollar Rate Rises on Legal Blow to Trump Tariffs
The Pound-to-US-Dollar exchange rate (GBP/USD) edged higher on Thursday, recovering some ground after slipping to a weekly low late Wednesday.
At the time of writing, GBP/USD was trading at approximately $1.3466, marking a gain of around 0.3% since the start of the session.
The US Dollar (USD) initially looked poised to rally on Thursday, after appreciating overnight as traders reacted to a major court ruling targeting...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Rate JUMPS as US Court Blocks Trump Tariffs
29 May 2025 at 11 AM - Written by Tim Boyer
STORY LINK Euro to Dollar Rate JUMPS as US Court Blocks Trump Tariffs
Overnight, the US Court of International Trade ruled that President Trump’s Liberation Day Tariffs implemented under the International Emergency Economic Powers Act (IEEPA) were unconstitutional.
The dollar surged in immediate response with the Euro to Dollar (EUR/USD) exchange rate sliding to 1.1210 before a recovery to 1.1275 as markets reacted to the injection of another wave of uncertainty.
Dollar selling pressure...
CATEGORIES: Euro Dollar Forecasts
Pound to Dollar Forecast: "Downward Bias Toward 1.3395" say UoB
29 May 2025 at 11 AM - Written by Frank Davies
STORY LINK Pound to Dollar Forecast: "Downward Bias Toward 1.3395" say UoB
The dollar secured net gains on Thursday after a US court ruled that the US Administration unilateral tariffs based on emergency legislation were not constitutional.
The bigger impact was a further decline in demand for safe-haven currencies with the yen and Swiss franc posting sharp losses. Asian currencies overall lost ground while the Pound was resilient in global markets.
The dollar failed to hold its best levels as...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Rate Steady as FOMC Minutes Loomed
29 May 2025 at 10 AM - Written by Tim Boyer
STORY LINK Pound to Dollar Rate Steady as FOMC Minutes Loomed
The Pound US Dollar (GBP/USD) exchange rate was largely directionless through Wednesday morning, with investors turning cautious ahead of the release of the Federal Reserve’s May meeting minutes.
At the time of writing, GBP/USD was trading at approximately $1.3503. Almost unchanged from Wednesday’s opening levels.
With the minutes from the latest FOMC meeting due later in the day, the US Dollar (USD) moved little...
CATEGORIES: Pound Dollar Forecasts
GBP/EUR Forecast: Pound Muted vs Euro following Mixed Eurozone Data
29 May 2025 at 10 AM - Written by Ben Hughes
STORY LINK GBP/EUR Forecast: Pound Muted vs Euro following Mixed Eurozone Data
The Pound Euro (GBP/EUR) exchange rate wavered in a narrow range on Wednesday following some mixed Eurozone data.
At the time of writing, GBP/EUR traded at €1.1911, with the pairing having fluctuated in a narrow range since the session began.
The Pound (GBP) drifted sideways on Wednesday, with a quiet UK economic calendar offering little incentive for movement. With no major data releases scheduled this week, the Pound...
CATEGORIES: Pound Euro Forecasts
Pound-to-Euro Rate Held Below 7-Week Best on Potential Exhaustion Threat
28 May 2025 at 11 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Rate Held Below 7-Week Best on Potential Exhaustion Threat
The Pound to Euro (GBP/EUR) forecast briefly hit fresh 7-week highs just above 1.1940 on Tuesday before settling around 1.1920.
Yield spreads remain positive for the Pound, but there will be further speculation over longer-term structural Euro support, especially if it can take market share from the dollar.
According to SocGen, GBP/EUR is fairly valued at present levels and the sharp April decline was clearly not...
CATEGORIES: Pound Euro Forecasts
Euro to US Dollar Forecast: EUR/USD Finds Support Near 1.1300
28 May 2025 at 11 PM - Written by David Woodsmith
STORY LINK Euro to US Dollar Forecast: EUR/USD Finds Support Near 1.1300
The Euro to Dollar exchange rate (EUR/USD) was unable to make headway on Tuesday and dipped to test the 1.1300 level before a recovery to 1.1335 on Wednesday.
US data was a net positive and Wall Street posted strong gains, but longer-term doubts remain a key element.
According to ING; “If US data and Trump continue to deliver positive surprises this week, a decisive break lower is possible.”
The bank is,...
CATEGORIES: Euro Dollar Forecasts
Pound to US Dollar Forecast: The "Trend for GBPUSD is Bullish"
28 May 2025 at 9 AM - Written by David Woodsmith
STORY LINK Pound to US Dollar Forecast: The "Trend for GBPUSD is Bullish"
Contrasting confidence surveys helped trigger a dollar rebound on Tuesday with European currencies also on the defensive, but investment banks are not convinced there will be a sustained recovery.
After hitting 3-year highs near 1.3600 late last week, the Pound to Dollar (GBP/USD) exchange rate retreated to below 1.3500 to trade around 1.3480 on Wednesday.
Scotiabank remains bullish on GBP/USD, although the dip below...
CATEGORIES: Pound Dollar Forecasts