Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate firmed on Monday after Germany released its latest inflation reading. At the time of writing, the GBP/EUR was trading at around €1.1972, up roughly 0.2% from Monday’s opening levels. Despite weakening against the Pound (GBP), the Euro (EUR) managed to hold steady and even strengthen against several of its peers on Monday following the release of Germany’s latest CPI data. The...

The Pound to Dollar exchange rate fluctuated within a narrow range at the start of the week as investors awaited further developments on US trade policy. At the time of writing, GBP/USD was trading at $1.2941, showing little change from its opening level. The Pound (GBP) saw muted movement on Monday, with a quiet economic calendar offering little direction for the currency. Additionally, the broader market sentiment...

Currency analysts at Bank of America expect a surge in the Pound to Dollar exchange rate (GBP/USD) to 1.44 at the end of 2025 with further strong gains to 1.56 at the end of next year. Wells Fargo has adjusted its forecasts slightly, but still expects that GBP/USD will dip to 1.25 at the end of 2025. It also expects further losses to 1.21 by the third quarter of 2026. GBP/USD found support around 1.2870 during the week,...

Foreign exchange strategists at Goldman Sachs have a 12-month GBP/EUR forecast of 1.2200 as it considers that Euro-Zone optimism is overdone. In contrast, HSBC expects a retreat to 1.1765 amid a lack of confidence in the UK outlook. GBP/EUR briefly hit 3-week highs above 1.2000 during the week before a retreat to 1.1950. Chancellor Reeves tightened welfare spending in the Spring Update and cut long-term spending...

The pound has made moderate gains against the euro and USD this week. The Spring Budget managed to avoid any unwanted market reactions and long-term growth was actually revised slightly higher. Headline inflation missed estimates but services remained high and the BoE will not be swayed by a dip in the readings as increases are expected later this year. Sterling traders have been kept busy this week with several key UK...

Pound Sterling (GBP) climbed against the US Dollar (USD) on Thursday following the publication of the US’s latest GDP data. At the time of writing, GBP/USD was trading at approximately $1.2943, up roughly 0.5% from the start of Thursday’s session. On Thursday, the US Dollar (USD) weakened against most of its major counterparts following the release of the latest US GDP figures. The index, which measured economic...

The Pound was rangebound on Thursday following US President Donald Trump’s latest tariff announcement. At the time of writing, the Pound Euro (GBP/EUR) exchange rate was trading at around €1.1992, virtually unchanged from Wednesday’s opening levels. On Thursday, the Euro (EUR) wavered against most of its major counterparts. While it strengthened against some currencies, it weakened against others, even though...

Underlying reservations over the UK growth outlook curbed Pound confidence in global markets. Trade fears and wider uncertainty surrounding the international outlook also remained a key element ahead of the April 2nd US Administration announcement on tariffs. The overall budget impact was limited with some relief in the bond market as the 2025/26 gilt issuance forecast was lowered slightly. The UK 10-year bond yield...

The Pound Sterling (currency:GBP) slumped against the Euro and US Dollar on Wednesday as the UK released its latest consumer price index (CPI) and Spring Statement. At the time of writing, the Pound to Euro exchange rate (GBP/EUR) was trading at around €1.1961, down roughly 0.3% from Wednesday’s opening levels. The Pound to Dollar exchange rate (GBP/USD) traded at 1.28987 (-0.36%). On Wednesday, the Pound (GBP)...

The Pound-to-Dollar advanced on Tuesday following reports suggesting US President Donald Trump may take a more gradual approach to introducing new tariffs. At the time of writing, the Pound US Dollar exchange rate (GBP/USD) was trading at around $1.2948, up approximately 0.2% from Tuesday’s opening levels. The US Dollar (USD) faced headwinds on Tuesday as investors reacted to a report from the Financial Times...