Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Euro Forecasts Raised vs Dollar to 1.20 at Investment Bank
26 Jun 2025 at 1 PM - Written by Frank Davies
STORY LINK Euro Forecasts Raised vs Dollar to 1.20 at Investment Bank
Dollar Slumps on Fed Independence Fears, EUR/USD Surges to 45-Month Highs
The US Dollar has been subjected to renewed selling on Thursday with growing concerns that the US Federal Reserve will be politicised with a serious damage to independence. Combined with potential interest rate cuts, this would risk heavy dollar losses.
The dollar index has slumped to the weakest level for over three years while the Euro to Dollar...
CATEGORIES: Euro Dollar Forecasts
GBP/EUR Forecast: Pound Sterling Wavers vs Euro as Both Currencies Attract Support
26 Jun 2025 at 1 PM - Written by David Woodsmith
STORY LINK GBP/EUR Forecast: Pound Sterling Wavers vs Euro as Both Currencies Attract Support
The Pound Euro (GBP/EUR) exchange rate was rangebound on Thursday, with both currencies finding support.
The Euro (EUR) gained ground on Thursday, capitalising on a weaker US Dollar (USD) even as European data disappointed.
Fresh data showed that German consumer confidence unexpectedly dipped ahead of July, with households unnerved by global political tensions, particularly the growing uncertainty around US trade...
CATEGORIES: Pound Euro Forecasts
Pound Sterling to Euro Forecast: Consolidation Around One Week Best
26 Jun 2025 at 8 AM - Written by James Fuller
STORY LINK Pound Sterling to Euro Forecast: Consolidation Around One Week Best
The Pound to Euro (GBP/EUR) exchange rate has consolidated just above 1.1730 after hitting 1-week highs close to 1.1750.
Both currencies have benefited from the decline in energy prices this week, with markets also looking at underlying fundamentals.
Yield spreads are underpinning the Pound, but UK equities moved lower.
According to UBS, GBP/EUR will hit strong selling on any move to 1.19 with an eventual retreat to...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: "Slight Risk Premium for Puts over Calls"
26 Jun 2025 at 8 AM - Written by Ben Hughes
STORY LINK Pound to Dollar Forecast: "Slight Risk Premium for Puts over Calls"
US Dollar Waits for Powell’s Second Round, GBP/USD Holds Below 40-Month Highs
The Pound to Dollar (GBP/USD) exchange rate hit 41-month highs close to 1.3650 on Tuesday as the dollar came under further pressure before a retreat to just above 1.3600.
There were relatively tight ranges amid a hiatus in the Middle East with markets also waiting for the second round of Congressional testimony from Fed Chair Powell.
UoB...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Forecast: Start of Move Above 1.1700?
26 Jun 2025 at 8 AM - Written by David Woodsmith
STORY LINK Euro to Dollar Forecast: Start of Move Above 1.1700?
The dollar lost further ground on Tuesday and the Euro to Dollar (EUR/USD) exchange rate jumped to 44-month highs just above 1.1640 before a retreat to near 1.1600.
An immediate easing of Middle East tensions has undermined defensive dollar demand with the currency also hurt by reservations over the US economy and increased speculation over Fed rate cuts.
ING is not convinced there will be further EUR/USD gains; “The...
CATEGORIES: Euro Dollar Forecasts
GBP/USD Forecast: Pound Sterling Price Ticks Higher to 1.371
26 Jun 2025 at 8 AM - Written by Tim Boyer
STORY LINK GBP/USD Forecast: Pound Sterling Price Ticks Higher to 1.371
The Pound US Dollar exchange rate (GBPUSD) traded without a clear direction on Wednesday amid a lack of both UK and US data releases.
The US Dollar (USD) regained some ground on Wednesday, recovering from losses earlier in the week that followed a ceasefire between Israel and Iran, a development that initially weighed on the safe-haven currency.
As market sentiment turned more neutral midweek, this helped stabilise...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Rate Ranging Around 1.172, Where Next?
26 Jun 2025 at 8 AM - Written by Frank Davies
STORY LINK Pound-to-Euro Rate Ranging Around 1.172, Where Next?
The Pound Euro exchange rate (GBP/EUR) was largely muted on Wednesday amid a shortage of both UK and Eurozone data releases.
The Euro (EUR) struggled to find momentum on Wednesday, remaining under pressure against several major peers despite a lack of fresh Eurozone data.
While the single currency was able to recover some ground following Tuesday’s sharp losses, which were driven by a shift towards riskier assets, it...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar FX Forecast: "Impressive Gains", Next Target 1.3750
25 Jun 2025 at 9 AM - Written by Ben Hughes
STORY LINK Pound to Dollar FX Forecast: "Impressive Gains", Next Target 1.3750
Pound Sterling (GBP) regained territory on Monday as the US Dollar (USD) lost ground and there was a further surge early on Tuesday as geo-political developments dominated.
Rate-cut hints by Chair Powell hurt the dollar further in US trading and the Pound to Dollar (GBP/USD) exchange rate jumped to fresh 40-month highs just below 1.3650.
According to Scotiabank; “the last two sessions have provided GBPUSD with a...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Forecast 2025: Year-end GBP/EUR Target of 1.19
25 Jun 2025 at 9 AM - Written by Tim Boyer
STORY LINK Pound to Euro Forecast 2025: Year-end GBP/EUR Target of 1.19
The Pound-to-Euro exchange rate (GBP/EUR) found support close to 1.1660 on Monday and recovered strongly to 1-week highs just above 1.1730 on Tuesday.
Overall risk appetite has strengthened on Tuesday with a positive response to the Iran-Israel ceasefire and relief that the US did not respond to the missile attack on its key Qatar airbase.
Equities made gains and there were sharp declines in energy prices, a double boost...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Pound-to-Euro Exchange Rate Climbs amid Upbeat Market Mood
24 Jun 2025 at 6 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Exchange Rate Climbs amid Upbeat Market Mood
The Pound Euro (GBP/EUR) exchange rate strengthened on Tuesday despite the release of some mixed Eurozone and UK data, as the day’s market mood significantly underpinned the currency pair.
At the time of writing, the GBP/EUR was trading at around €1.1733, up by almost 0.5% from Tuesday’s opening levels.
The Euro (EUR) struggled for support on Tuesday, weakening against most of its peers despite the release of...
CATEGORIES: Pound Euro Forecasts