Currency News: UK daily forex news and forecasts
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Pound Sterling Gains vs Euro After Latest Business Confidence Index
24 Mar 2025 at 3 PM - Written by Frank Davies
STORY LINK Pound Sterling Gains vs Euro After Latest Business Confidence Index
At the start of a very busy week for the UK economy and markets, the Pound (GBP) secured a limited net gain against the Euro (EUR) on Monday.
The Pound to Euro (GBP/EUR) exchange rate also secured a limited advance to near 1.1960 as the overall PMI business confidence index hit a 6-month high despite a further slump in manufacturing.
ING expects that a negative reaction to Wednesday’s budget will undermine the Pound...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: "Bullish Outside Range Reversal" say Analysts
24 Mar 2025 at 3 PM - Written by Tim Boyer
STORY LINK Pound to Dollar Forecast: "Bullish Outside Range Reversal" say Analysts
The Pound US Dollar exchange rate traded mostly flat on Monday as the UK and the US both released their respective preliminary S&P Global PMIs.
At the time of writing, GBP/USD was trading at approximately $1.2925, virtually unchanged from the start of Monday’s session.
Pound (GBP) Stays Strong despite Mixed PMIs
On Monday, the Pound (GBP) held steady against most of its major trading partners after the release of...
CATEGORIES: American Dollar Forecasts Pound Sterling Forecasts
Pound-to-Euro Outlook Today: GBP Nears €1.20 vs EUR as Eurozone PMIs Disappoint
24 Mar 2025 at 3 PM - Written by David Woodsmith
STORY LINK Pound-to-Euro Outlook Today: GBP Nears €1.20 vs EUR as Eurozone PMIs Disappoint
The Pound edged higher on the Euro on Monday following the release of PMI data from both the UK and the Eurozone.
At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading at around €1.1961, up by nearly 0.2% from the start of Monday’s session.
The Euro (EUR) struggled to find support at the beginning of the week as investors reacted to disappointing PMI figures from the Eurozone....
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Weekly Forecast: Losses to 1.22 by End 2025?
23 Mar 2025 at 3 PM - Written by Tim Boyer
STORY LINK Pound to Dollar Weekly Forecast: Losses to 1.22 by End 2025?
Foreign exchange strategists at Scotiabank forecasts Pound to Dollar (GBP/USD) exchange rate losses to 1.22 at the end of 2025.
Danske Bank, however, now has a 12-month GBP/USD forecast of 1.31 from 1.23 previously.
GBP/USD hit 4-month highs just above 1.30 during the week, but failed to hold the gains and retreated to 1.2900 late in the week as the dollar recovered.
US economic and dollar developments are likely to...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
Pound to Euro Exchange Rate Forecast: "Strengthen to 1.2350" on 12-month Timeframe
23 Mar 2025 at 3 PM - Written by David Woodsmith
STORY LINK Pound to Euro Exchange Rate Forecast: "Strengthen to 1.2350" on 12-month Timeframe
Foreign exchange analysts at Danske Bank forecast that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.2350 on a 12-month view.
ING, however, expects a limited GBP/EUR retreat to 1.19 by the first quarter of 2026 amid budget tightening and more-than-expected Bank of England (BoE) rate cuts.
GBP/EUR secured a limited net gain to 1.1925 during the week.
Fiscal and monetary policies will both be key...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Pound Sterling Forecast: "Breach of 1.2930" Would Show Top vs Dollar
21 Mar 2025 at 12 PM - Written by Frank Davies
STORY LINK Pound Sterling Forecast: "Breach of 1.2930" Would Show Top vs Dollar
Reservations over the UK economic situation and expectations of budget tightening next week hampered the Pound on Friday while a further setback to risk appetite also unsettled Sterling in global markets as equities lost ground again.
The Pound to Dollar (GBP/USD) exchange rate retreated to 1.2925 after again failing to sustain a break above the 1.3000 level.
According to UoB; “a breach of 1.2930 would mean that GBP is...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Jumps to Best Rate in Two Weeks as Inflation Caution Dominates
20 Mar 2025 at 8 PM - Written by Tim Boyer
STORY LINK Pound to Euro Jumps to Best Rate in Two Weeks as Inflation Caution Dominates
The Pound to Euro (GBP/EUR) exchange rate advanced to 2-week highs close to 1.1960 from 1.1945 as the Euro lost ground in global markets.
The Bank of England (BoE) decision met strong expectations, but the vote split and relatively hawkish guidance provided net Pound support, especially against the Euro.
Money markets are still pricing in two further cuts this year with the chances of a May move close to 50% while a...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: GBP Drifts Lower vs USD on BoE Rate Hold
20 Mar 2025 at 8 PM - Written by Frank Davies
STORY LINK Pound to Dollar Forecast: GBP Drifts Lower vs USD on BoE Rate Hold
The Pound was on the defensive against the US Dollar on Thursday following the release of the Bank of England’s (BoE) latest interest rate decision.
At the time of writing, the Pound to Dollar exchange rate was trading at approximately $1.2965, down roughly 0.3% from the start of Thursday’s session.
Despite facing a downturn against the US Dollar (USD) due to the negative trading environment on Thursday, the Pound...
CATEGORIES: Pound Dollar Forecasts
GBP/EUR Exchange Rate Forecast: Consumer Confidence Data in Focus
20 Mar 2025 at 8 PM - Written by David Woodsmith
STORY LINK GBP/EUR Exchange Rate Forecast: Consumer Confidence Data in Focus
The Pound (GBP) firmed against the Euro (EUR) on Thursday following the Bank of England’s (BoE) latest interest rate meeting.
At the time of writing, the Pound Euro (GBP/EUR) exchange rate was trading at around €1.1954, up roughly 0.2% from Thursday’s opening levels.
On Thursday, the Pound (GBP) saw gains against most of its major counterparts following the Bank of England's latest interest rate decision.
As...
CATEGORIES: Pound Euro Forecasts
US Dollar: GBP/USD Hits Best Exchange Rate in Four Months
20 Mar 2025 at 9 AM - Written by David Woodsmith
STORY LINK US Dollar: GBP/USD Hits Best Exchange Rate in Four Months
The Federal Reserve held interest rates at 4.50% at the latest policy meeting which was in line with strong market expectations.
Chair Powell emphasised that there is a high degree of uncertainty over the outlook, especially over the impact of tariffs.
Concerns over weaker growth and higher inflation undermined confidence in the US outlook and the dollar lost ground after the release.
The Pound managed to regain some...
CATEGORIES: Pound Dollar Forecasts