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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

Euro to Dollar Forecast: EUR/USD Aiming for 1.15+

2 Jun 2025 at 11 PM - Written by Frank Davies

The Euro has gained support from underlying capital inflows with the Euro to Dollar exchange rate (EUR/USD) jumping to 5-week highs near 1.1440 before settling around 1.1410. The U.S. dollar has again been undermined by trade fears following President Trump’s move to increase tariffs on steel and aluminium, while underlying confidence in the US economy and dollar remains fragile. According to ING; “EUR/USD has some...

CATEGORIES: Euro Dollar Forecasts

Pound-to-Euro Rate Slips as Capital Inflows Keep EUR Bid

2 Jun 2025 at 1 PM - Written by Ben Hughes

The Pound to Euro exchange rate (GBP/EUR) is trading around 1.1860 and close to 10-day lows. Net yields continue to support the Pound, but there are expectations of further structural flows into the Euro, especially given dollar vulnerability, which is hampering Sterling. According to SocGen’s Kit Juckes the Pound is unlikely to make much headway, but could defy gravity for now; "The economy has not got the legs to...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast: GBP Subdued Despite Forecast-Beating PMIs

2 Jun 2025 at 1 PM - Written by Frank Davies

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Monday despite the release of the UK’s and the Eurozone’s latest manufacturing PMIs. At the time of writing, the GBP/EUR was trading at around €1.1858, virtually unchanged from Monday’s opening levels. Sterling (GBP) found some modest support at the start of the week following the release of the UK’s finalised manufacturing PMI for May. The...

CATEGORIES: Pound Euro Forecasts

Pound-to-Dollar Rate Jumps as Tariff Fears Dent USD

2 Jun 2025 at 1 PM - Written by David Woodsmith

Pound Sterling Rallies Against the U.S. Dollar as Trade War Fears Intensify The Pound to Dollar exchange rate (GBP/USD) posted strong gains on Monday as simmering trade tensions fuelled fears of stagflation in the US. At the time of writing, GBP/USD was trading at $1.3548, up more than 0.7% since the start of the session. The US Dollar stumbled at the start of the week as renewed trade hostilities between the US and...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Forecast: Dollar on the Ropes, Pound to Challenge 39-Month Best

2 Jun 2025 at 10 AM - Written by David Woodsmith

Unease over tariffs, the US economic outlook and underlying unease over fiscal policy sapped dollar support on Monday. US equity future also lost ground which hampered the US currency. After dipping to 1.3450 on Friday, the Pound to Dollar (GBP/USD) exchange rate surged to around 1.3550 on Monday and near 39-month highs just below 1.3600 posted last week. According to UoB; “the current price movements still appear...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: 1.36 Next

1 Jun 2025 at 9 PM - Written by Tim Boyer

Morgan Stanley forecasts that the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.45 by the second quarter of 2026 and, in a bullish scenario, these gains could extend to 1.51. Credit Agricole, Nomura and Wells Fargo expects that GBP/USD will be held below 1.40 due to a dollar revival or underlying Pound vulnerability. GBP/USD hit 39-month highs just below 1.3600 early in the week before a retreat to near...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Week Ahead Forecast: Momentum Modestly Bullish

1 Jun 2025 at 9 PM - Written by Frank Davies

Wells Fargo forecasts that the Euro to Dollar (EUR/USD) exchange rate will weaken to 1.11 by the end of 2025 with a further retreat to 1.08 by the third quarter of 2026. In contrast, Nomura forecasts that EUR/USD will strengthen to 1.20 by the end of 2025 with no net change in 2026. EUR/USD Found solid support on dips during the week and settled with marginal losses close to 1.1350. Trade headlines continued to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Euro Week Ahead Forecast: 1.2160 by End of 2025

1 Jun 2025 at 9 PM - Written by David Woodsmith

Wells Fargo forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.2160 at the end of 2025 amid Euro vulnerability. Nomura, however, expects that GBP/EUR will retreat to 1.1375 given reservations surrounding the UK outlook. US trade developments will inevitably have an important impact on both currencies. GBP/EUR briefly hit 8-week highs close to 1.1970 during the week but failed to hold the...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Euro to Dollar: "Multi-month Trend Remains Bullish" say Forecasters

31 May 2025 at 9 AM - Written by Tim Boyer

The Euro to Dollar exchange rate (EUR/USD) was unable to test the 1.1400 area in Asian trading on Friday and retreated to trade just below 1.1350 after the New York open but continued to find solid support on dips. Month-end position adjustments could lead to choppy trading late in the European session. According to Scotiabank; “the multi-month trend remains bullish, given the sequence of higher highs and higher...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Euro Forecast: "Overvalued" Sterling, GBP/EUR Likely to Retreat

31 May 2025 at 9 AM - Written by Frank Davies

The Pound to Euro exchange rate (GBP/EUR)dipped to lows around 1.1865 on Thursday before a recovery to 1.1885 on Friday. The failure to hold above the 1.1900 level triggered a quick liquidation of long Pound positions, but the Pound still has solid yield support. Monetary policy expectations and global risk conditions will remain key elements with traders also monitoring US trade talks. According to Nomura GBP/EUR is...

CATEGORIES: Pound Euro Forecasts