Currency News: UK daily forex news and forecasts

The Euro to Dollar exchange rate (EUR/USD) recovered from recent lows as hopes for progress in US-Iran negotiations weighed on the US Dollar, but the outlook remains heavily influenced by shifting interest-rate expectations. Investors are increasingly focused on whether rising inflation pressures will force the Federal Reserve to maintain a hawkish stance, potentially limiting further Euro gains. EUR/USD Forecasts:...

The Pound to Dollar exchange rate (GBP/USD) remained on the defensive as investors focused on rising US bond yields, persistent inflation concerns and political uncertainty in the UK. While Sterling found support below the 1.3400 level, markets continue to assess whether higher US yields and a potentially more hawkish Federal Reserve will keep the Dollar in demand through the summer. GBP/USD Forecasts: Yields...

The Pound to Euro exchange rate (GBP/EUR) remains highly sensitive to UK political developments, with investors increasingly focused on the potential implications of the upcoming Makerfield by-election and any subsequent Labour leadership contest. While immediate political tensions have eased, markets continue to assess how a change in leadership could influence fiscal policy, economic growth and Sterling sentiment over...

The Pound to Dollar exchange rate (GBP/USD) rebounded from intraday lows as improving sentiment surrounding US-Iran negotiations weighed on the US Dollar and encouraged investors back into risk-sensitive assets. Hopes that progress could eventually lead to the reopening of the Strait of Hormuz helped curb safe-haven demand for the Greenback, allowing Sterling to recover ground. GBP/USD Forecasts: Rebound from Daily...

The Pound to Euro exchange rate (GBP/EUR) drifted lower towards the 1.1500 area as investors weighed expectations of further European Central Bank tightening against growing doubts over whether the Bank of England will follow a similar path. Falling energy prices have eased some immediate concerns for the Eurozone economy, while UK political uncertainty continues to cast a shadow over Sterling sentiment. GBP/EUR Forecasts:...

The Pound US Dollar (GBP/USD) exchange rate traded in a tight range on Thursday after recovering from an earlier dip during the European session. At the time of writing, GBP/USD was trading at around $1.3424, broadly unchanged from the day’s opening levels. The US Dollar (USD) struggled to hold onto its earlier gains on Thursday following the release of weaker revised growth figures from the United States. According...

The Pound Euro (GBP/EUR) exchange rate remained on the back foot on Thursday, as Sterling struggled to hold its ground against the single currency. At the time of writing, GBP/EUR was trading at €1.1530, having earlier slipped to a nine-day low of €1.1529. The Euro (EUR) found support on Thursday after the latest Eurozone data painted a slightly brighter picture of the bloc’s economic outlook. May’s economic...

The Pound to Dollar exchange rate (GBP/USD) drifted lower as Sterling struggled to find fresh support amid mounting concerns over higher UK energy costs, political uncertainty and a more cautious outlook for Bank of England policy. At the same time, the US Dollar continued to benefit from resilient Treasury yields and growing expectations that the Federal Reserve may need to maintain a hawkish stance for longer. GBP/USD...

The Pound to Euro exchange rate (GBP/EUR) edged lower after failing to sustain gains above the 1.1600 level, with investors increasingly concerned that rising energy costs will weigh on UK growth and consumer spending in the months ahead. Markets are also reassessing how aggressively the Bank of England and European Central Bank can tighten monetary policy as inflation risks clash with slowing economic momentum. GBP/EUR...

The Pound US Dollar (GBP/USD) exchange rate traded without clear direction on Wednesday as investors reacted to fresh optimism surrounding negotiations between the US and Iran. At the time of writing, GBP/USD was trading at around $1.3442, little changed from the start of the session. The US Dollar (USD) struggled to gain momentum on Wednesday as improving market sentiment reduced demand for safer assets. Investor...