Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
GBP/EUR Forecast: Pound Up vs Euro amid China-US Trade De-Escalation
12 May 2025 at 2 PM - Written by David Woodsmith
STORY LINK GBP/EUR Forecast: Pound Up vs Euro amid China-US Trade De-Escalation
The Pound Euro (GBP/EUR) exchange rate drifted higher on Monday following news that the US and China have reached a 90-day trade agreement, bolstering market sentiment.
At the time of writing, the GBP/EUR was trading at around €1.1746, up roughly 0.2% from Monday’s opening levels.
The Euro (EUR) faced a sharp sell-off at the start of the week, tumbling over 1% against several major currencies as markets reacted to a...
CATEGORIES: Pound Euro Forecasts
Pound-to-Dollar Rate Slips Almost 1% Following US China Trade Breakthrough
12 May 2025 at 2 PM - Written by Ben Hughes
STORY LINK Pound-to-Dollar Rate Slips Almost 1% Following US China Trade Breakthrough
The Pound to US Dollar (GBP/USD) exchange rate tumbled out of the gates this week, slipping to a one-month low on Monday in response to a major easing of US-China trade tensions.
At the time of writing, GBP/USD was trending at $1.3201. Down around 0.7% from Monday’s opening levels.
The US Dollar surged on Monday after the US and China unexpectedly agreed to a temporary truce in their recent trade dispute....
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Forecast: Sterling Gains, EUR Bearish on US-China Tariff Hopes
12 May 2025 at 11 AM - Written by Frank Davies
STORY LINK Pound-to-Euro Forecast: Sterling Gains, EUR Bearish on US-China Tariff Hopes
The Pound-to-Euro exchange rate (GBP/EUR) has risen by around a third of a per cent on Monday after risk appetite strengthened further. Sterling's rise came on the back of a fresh wave of optimism surrounding the global economy following an announcement that US-China trade tariffs would be reduced sharply for an interim period.
US equity futures surged as risk conditions improved while the FTSE 100 index posted 6-week...
CATEGORIES: Pound Euro Forecasts
Euro to US Dollar Forecast: EUR Dips as China-US Ceasefire Boosts USD
12 May 2025 at 10 AM - Written by Tim Boyer
STORY LINK Euro to US Dollar Forecast: EUR Dips as China-US Ceasefire Boosts USD
The Euro posted losses in early Europe following statements from the US and China that bilateral trade talks over the weekend had been constructive.
There was a further dollar surge after the European open as US Treasury Secretary Bessent stated that there was an agreement to lower tariffs by 115% for a 90-day period starting on May 14th.
The Euro to Dollar (EUR/USD) exchange rate slumped to 1-month lows below 1.1100...
CATEGORIES: Euro Dollar Forecasts
GBP/USD Forecast: Pound Slides as Dollar SURGES on US-China Tariff Pause
12 May 2025 at 10 AM - Written by David Woodsmith
STORY LINK GBP/USD Forecast: Pound Slides as Dollar SURGES on US-China Tariff Pause
The dollar already had a firm tone in early Europe following statements from the US and China that bilateral trade talks over the weekend had been constructive.
There was a further dollar surge after the European open as US Treasury Secretary Bessent stated that there was an agreement to lower tariffs by 115% for a 90-day period starting on May 14th.
Sterling held firm on the crosses, but the Pound to Dollar (GBP/USD)...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Forecast: 1.17 by 2026, 1.24 by 2027 say RBC
11 May 2025 at 6 PM - Written by Tim Boyer
STORY LINK Euro to Dollar Forecast: 1.17 by 2026, 1.24 by 2027 say RBC
RBC Capital Markets (RBC) forecasts that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.17 at the end of this year with a further gain to 1.24 at the end of next year.
EUR/USD dipped to test 1.12 late in the week before a recovery to around 1.1265.
ING noted the importance of 1.12; “a break lower would signal a marked shift in sentiment on the pair and potentially pave the way for larger corrections,...
CATEGORIES: Currency Predictions Euro Dollar Forecasts
Pound to Dollar Forecast: 1.45 if USD Reverts to Historic Mean
11 May 2025 at 5 PM - Written by Frank Davies
STORY LINK Pound to Dollar Forecast: 1.45 if USD Reverts to Historic Mean
RBC Capital Markets (RBC) expects a tentative Pound to Dollar exchange rate (GBP/USD) gain to 1.39 by the second quarter of 2026 as the dollar loses ground.
If the dollar reverts to historic mean levels, Westpac notes that GBP/USD could reach 1.45.
Standard Chartered, however, expects a GBP/USD retreat to at least 1.30.
GBP/USD dipped to near 1.32 on Thursday amid a dollar recovery before a recovery to just above...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
Pound to Euro Week Ahead Forecast: 1.182 Today, 1.2 by 2026
11 May 2025 at 5 PM - Written by David Woodsmith
STORY LINK Pound to Euro Week Ahead Forecast: 1.182 Today, 1.2 by 2026
Foreign exchange analysts at Credit Agricole consider the Pound Sterling to be still undervalued and expect the Pound to Euro exchange rate (GBP/EUR) to gain to 1.2050 at the end of this year.
RBC Capital Markets (RBC), however, forecasts that the Pound to Euro (GBP/EUR) exchange rate will decline to 1.1630 at the end of this year with a further slide to 1.11 at the end of next year amid net capital inflows into the Euro...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Pound to Dollar Forecasts Maintain "Downside Risk" say UoB
9 May 2025 at 2 PM - Written by Ben Hughes
STORY LINK Pound to Dollar Forecasts Maintain "Downside Risk" say UoB
The Pound to Dollar exchange rate (GBP/USD) briefly hit 1.3350 on the Bank of England policy decision and UK-US trade deal before a retreat to lows near 1.3200 as the dollar posted strong gains in global markets.
GBP/USD recovered to 1.3270 on Friday as the dollar lost some of the gains, but has more work to do to negate the downside.
According to UoB; “The downside risk will remain intact as long as 1.3320 is not...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
Euro to Dollar FX Forecast: 1.1180 Key to "Preserve Bullish Structure"
9 May 2025 at 2 PM - Written by Tim Boyer
STORY LINK Euro to Dollar FX Forecast: 1.1180 Key to "Preserve Bullish Structure"
With a significant US Dollar comeback on Thursday, the EUR/USD exchange rate dipped sharply with a test of support below 1.12 and 4-week lows.
Ahead of the weekend, the Euro-Dollar conversion is seen trading at 1.12601, 0.29 percent higher on the daily open.
The UK-US trade deal boosted optimism that the US Administration would adopt a more conciliatory stance on tariffs. This would lessen the risk of major damage to the...
CATEGORIES: Euro Dollar Forecasts