Currency News: UK daily forex news and forecasts

The Reserve Bank of Australia (RBA) cur interest rates by 25 basis points to 4.1-% at the latest policy meeting, in line with consensus forecasts, and the first cut for over four years. The Australian dollar to US dollar (AUD/USD) exchange rate secured a slight net gain to around 0.6355, with the Pound to Australian dollar (GBP/AUD) exchange rate holding steady at around 1.9835. MUFG is bullish on the Australian...

The latest UK inflation data released on Wednesday saw the Pound Sterling fall back from its 2025 best exchange rate levels against the US Dollar to trade at 1.26132. The British Pound fell back against currency rivals after the UK released its latest consumer price index (CPI), which rose to 3.0% year-on-year, marking a significant uptick from December's 2.5% and surpassing both market and Bank of England (BoE) forecasts...

The Pound to Euro exchange rate (GBP/EUR) edged lower on Wednesday after private school fees and food prices sent UK inflation to the highest level in 10 months. At the time of writing, GBP/EUR was trading at approximately €1.2069. Down roughly 0.11% from Wednesday’s opening levels. The January’s CPI inflation figures which rose to 3.0% year-on-year, marking a significant uptick from December's 2.5% and...

The Pound rallied against the Euro and Dollar on Tuesday after stronger-than-expected UK wage growth triggered fresh doubts about whether the Bank of England would be able to cut interest rates more aggressively. The Pound to Euro exchange rate (GBP/EUR) hit 6-week highs just above 1.2060. The next resistance area will be around 1.2100. Markets will also continue to monitor geo-political developments as European...

The Pound to Dollar (GBP/USD) exchange rate traded close to 1.2600 and close to an 8-week best on Monday with US markets closed for a holiday. The UK 10-year yield spiked to 2-week highs around 4.60% early on Monday before a retreat to just below 4.55%. According to Scotiabank the outlook is broadly positive on a short-term view; “A push through the low 1.26s should pave the way for additional gains to the...

The Pound was trapped in a narrow range against the Euro on Monday following the release of the Eurozone’s latest balance of trade data. At the time of writing, the Pound to Euro exchange rate (GBP/EUR) was trading at around €1.2011, virtually unchanged from Monday’s opening levels. On Monday, the Euro (EUR) failed to attract much investor interest compared to most of its counterparts, despite the release of some...

The Pound Dollar (GBP/USD) exchange rate was steady at the start of this week’s session, with US markets closed for President’s Day and investors awaiting significant UK data later in the week. At the time of writing, GBP/USD was trading at $1.2596, virtually unchanged from its opening level. The Pound (GBP) remained relatively quiet on Monday as investors awaited significant UK economic data later in the...

During the week, the Pound to Dollar exchange rate (GBP/USD) strengthened to 2025 high at 1.2630 as US yields declined, the dollar stumbled and European currencies made headway. According to ING; “1.25/26 should be the top of the range this year and we are looking for a move to 1.19/20.” Bank of America still forecasts that dollar weakness will help GBP/USD advance to 1.38 at the end of the year. RBC expects that...

Foreign exchange analysts at RBC Capital Markets forecast that the Pound to Euro exchange rate (GBP/EUR) will retreat gradually to 1.1765 at the end of 2025 and fragile UK fundamentals. In contrast, Scotiabank sees scope for gradual GBPEUR gains to 1.22 as the UK is less vulnerable to trade pressures. The Pound vs Euro rate registered a slight loss during the week to trade just above 1.2000 as Ukraine peace hopes helped...

Two elements have undermined the US Dollar (USD) over the last 24 hours, but the Pound Sterling (GBP) has made headway. As markets closed, the Pound to Dollar exchange rate (GBP/USD) was seen trading at 1.25863, while the Dollar to Pound exchange rate (USD/GBP) was at 0.79452. There has been some relief that the Administration has not moved immediately to impose reciprocal tariffs while lower yields have also undermined...