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Currency News: UK daily forex news and forecasts

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GBP/USD Forecast: Pound Under Pressure vs Dollar ahead of US Jobs Data

3 Jul 2025 at 7 AM - Written by David Woodsmith

The Pound to US Dollar exchange rate (GBP/USD) edged lower on Wednesday, slipping toward $1.3640 as markets awaited key US labour market data. While the Pound Sterling lacked direction amid a quiet UK economic calendar, the US Dollar (USD) clawed back earlier losses following stronger-than-expected JOLTs job openings. Optimism over US employment trends helped stabilise the Greenback, which had initially come under...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast: "$1.20 Level Now Very Achievable Later in 2025"

2 Jul 2025 at 8 PM - Written by Frank Davies

The Euro to Dollar (EUR/USD) exchange rate briefly trading above 1.1800 on Wednesday, but failed to hold the gains and was also unable to take advantage of surprise US jobs data and tested support close to 1.1750. UoB expects tough resistance; “While conditions remain overbought, there is a chance for EUR to retest the 1.1830 level before a more sustained pullback is likely. The likelihood of EUR rising above 1.1850 is...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Forecast: "GBP Must Break and Hold 1.3800 Soon"

2 Jul 2025 at 8 PM - Written by Tim Boyer

Pound Serling (GBP) was unable to make any headway against the US Dollar (USD) in early Europe on Wednesday and slid further to hit 1-week lows below 1.3600 early in US trading before settling around 1.3620. The Pound to Dollar exchange rate (GBP/USD) was hurt on domestic grounds while the dollar was resilient despite a shock US jobs report. UoB commented; “There are early signs that upward momentum is beginning to...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro Today: GBP Drifts, EUR Headwinds After EZ Jobs

2 Jul 2025 at 11 AM - Written by Frank Davies

Update: The Pound-to-Euro exchange rate (GBP/EUR) was trapped in a narrow range on Wednesday as the Eurozone released its May unemployment reading. At the time of writing, the GBP/EUR was trading at around €1.15676, unchanged from Thursday's opening price. "The GBP is soft, down 0.3% vs. the USD and underperforming most of the G10 currencies into Wednesday’s NA session," said economists at Scotiabank in a client...

CATEGORIES: Pound Euro Forecasts

Pound-to-Euro Forecast: GBPEUR Tipped to FALL to 1.1360

2 Jul 2025 at 10 AM - Written by James Fuller

The British Pound Sterling (GBP) attempted to rally on Tuesday, but rebounds met selling interest and the Pound to Euro exchange rate (GBP/EUR) retreated to 10-week lows close to 1.1630. ING commented; “EUR/GBP remains underpinned by a bullish bias, with the welfare reform reversal doing little to alter that outlook. Incoming UK data over the coming weeks will determine whether any push above 0.8600 (GBP/EUR below 1.1630)...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Forecast: GBP Major Resistance at 1.38 "Out of Reach"

2 Jul 2025 at 8 AM - Written by Tim Boyer

The Pound to Dollar exchange rate (GBP/USD) strengthened 6% during the second quarter of the year, the strongest performance since 2022. GBP/USD surged again early on Tuesday and hit 44-month highs just below 1.3790 before a retreat to 1.3725 as stronger than expected US data triggered a dollar recovery. According to UoB, the GBP/USD outlook remains bullish, but added; “Barring a surge in momentum, the major resistance...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast: Another 5pc Fall for USD Around the Corner?

1 Jul 2025 at 10 PM - Written by David Woodsmith

The US Dollar (USD) has remained under pressure in currency markets while the Euro (EUR) has posted further gains on the crosses. The Euro to Dollar has hit fresh 45-month highs at 1.1830 before consolidating just above the 1.1800 level. The dollar is being hurt by growth, trade and budget fears. According to Capital Economics; “We suspect that this could be a pivotal period for the greenback – either it turns...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Forecast: GBP Battles to Match Turbocharged EUR

1 Jul 2025 at 10 PM - Written by James Fuller

The Pound-to-Euro exchange rate (GBP/EUR) dipped to 2-month lows close to 1.1640 in early Europe on Tuesday before a recovery to 1.1655. The Euro has continued to attract support with strength on major crosses amid a loss of confidence in the dollar. UK political developments will be monitored on Tuesday with a key government welfare-reform vote on Tuesday while speakers at the ECB conference will be potentially...

CATEGORIES: Pound Euro Forecasts

Dollar Slide Continues, GBP/USD Hits Fresh 44-Month Best

1 Jul 2025 at 10 PM - Written by Ben Hughes

The US Dollar has continued to lose ground on Tuesday with the currency index sliding to 4-month lows in global markets. The Pound to Dollar (GBP/USD) exchange rate hit 44-month highs close to 1.3785 in European trading. The Euro to Dollar (EUR/USD) exchange rate also hit 45-month highs close to 1.1820. Markets are dealing with multiple fundamentals which will lead to further volatile trading. The Republican One...

CATEGORIES: Pound Dollar Forecasts

GBP/EUR Forecast: Eurozone Inflation Hits ECB's 2% target

1 Jul 2025 at 10 PM - Written by Frank Davies

The Pound to Euro exchange rate (GBP/EUR) was largely muted on Tuesday following the release of the Eurozone’s latest inflation reading and the UK’s finalised manufacturing PMI. The Euro (EUR) saw mixed trade on Tuesday as markets digested the Eurozone’s latest inflation figures. Headline inflation ticked higher in June, rising from 1.9% to 2.0%, and returned to the European Central Bank’s (ECB) target. The...

CATEGORIES: Pound Euro Forecasts