Currency News: UK daily forex news and forecasts
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Surprisingly Strong US Jobs Report Sends Dollar Exchange Rates Higher
4 Jul 2025 at 7 AM - Written by Tim Boyer
STORY LINK Surprisingly Strong US Jobs Report Sends Dollar Exchange Rates Higher
The headline NFP number beat with a print of 147k. Unemployment dropped to 4.1% instead of rising to 4.3% as markets expected. Tariff-induced weakness is nowhere to be seen.
This report essentially ends any speculation of a July cut from the Fed and the US dollar is rallying as a result.
Due to a shortened holiday week in the US, the all-important jobs report was released on Thursday instead of Friday. The data was...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Dollar Forecast: GBP Steady despite Strong US Jobs Data
3 Jul 2025 at 10 PM - Written by Tim Boyer
STORY LINK Pound-to-Dollar Forecast: GBP Steady despite Strong US Jobs Data
The Pound US Dollar exchange rate trended mostly flat on Thursday as the US released its latest non-farm payrolls index and unemployment rate.
At the time of writing, GBP/USD was trading at approximately $1.3658, down roughly 0.3% from the start of Thursday’s session.
The US Dollar (USD) strengthened on Thursday, buoyed by unexpectedly upbeat labour market data that helped reinforce confidence in the resilience of the...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro: Recovers from Bond Market Panic
3 Jul 2025 at 10 PM - Written by James Fuller
STORY LINK Pound-to-Euro: Recovers from Bond Market Panic
The Pound Euro exchange rate (GBP/EUR) regained ground on Thursday as calm returned to markets and upbeat PMIs supported Sterling.
At the time of writing, GBP/EUR traded at €1.1587, up around 0.4% after touching an 11-week low on Wednesday.
The Pound (GBP) steadied on Thursday, regaining some ground after Wednesday’s sharp decline, as political jitters in Westminster began to subside. Markets were rattled midweek by...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Forecast: Potential 1-2% GBP Losses Ahead, Warns Bank
3 Jul 2025 at 11 AM - Written by Frank Davies
STORY LINK Pound to Euro Forecast: Potential 1-2% GBP Losses Ahead, Warns Bank
The Pound-to-Euro exchange rate (GBP/EUR) posted sharp losses to 10-week lows around 1.1535 on Wednesday amid unease over fiscal policy and increased speculation that Chancelor Reeves would be replaced.
Pound Sterling recovered some ground on Thursday with a rebound to 1.1580 with the latest UK data providing some support.
ING commented; “An extreme move could potentially add 1-2% to EUR/GBP, making the April high of...
CATEGORIES: Currency Predictions Pound Euro Forecasts
GBP/USD Forecast: Pound Under Pressure vs Dollar ahead of US Jobs Data
3 Jul 2025 at 7 AM - Written by David Woodsmith
STORY LINK GBP/USD Forecast: Pound Under Pressure vs Dollar ahead of US Jobs Data
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
STORY LINK Euro to Dollar Forecast: "$1.20 Level Now Very Achievable Later in 2025"
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
STORY LINK Pound to Dollar Forecast: "GBP Must Break and Hold 1.3800 Soon"
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
STORY LINK Pound to Euro Today: GBP Drifts, EUR Headwinds After EZ Jobs
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
STORY LINK Pound-to-Euro Forecast: GBPEUR Tipped to FALL to 1.1360
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
STORY LINK Pound to Dollar Forecast: GBP Major Resistance at 1.38 "Out of Reach"
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