Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) surged to two-week highs above 1.3370 after a much weaker-than-expected US jobs report triggered broad-based Dollar selling. US non-farm payrolls increased by just 57,000 in June, well below forecasts of 114,000, while May's gain was revised sharply lower to 129,000 from 172,000. The disappointing figures have prompted investors to scale back expectations of further...

The Pound to Euro exchange rate (GBP/EUR) has climbed to a fresh 10-month high above 1.1620 as investors continue to scale back concerns over the UK's political transition. Andy Burnham's commitment to maintaining fiscal discipline has helped calm gilt markets, while softer Eurozone inflation and a weaker economic outlook have continued to weigh on the Euro, leaving Sterling in its strongest position against the...

The Pound to US Dollar (GBP/USD) exchange rate traded without a clear trend on Wednesday as investors assessed fresh commentary from senior central bank officials. At the time of writing, GBP/USD was changing hands at approximately $1.3274, broadly unchanged from the beginning of Wednesday's session. The US Dollar (USD) edged higher on Wednesday after Federal Reserve Chair Kevin Warsh addressed delegates at the...

The Pound Euro (GBP/EUR) exchange rate advanced to a one-year high on Wednesday after cooler-than-expected Eurozone inflation dented the single currency. At the time of writing, GBP/EUR was trading at €1.1627, up around 0.2% on the day, after briefly striking a one-year peak of €1.1634. The Euro (EUR) came under pressure on Wednesday after the latest Eurozone inflation data prompted investors to scale back...

The Pound to Dollar exchange rate (GBP/USD) surrendered part of its recent recovery after failing to hold above 1.3250, as the Dollar regained some support despite a softer US consumer confidence reading. While Sterling continues to benefit from easing concerns over the UK's political transition, investors remain reluctant to push the pair higher ahead of key US economic data and further comments from Federal Reserve...

The Pound to Euro exchange rate (GBP/EUR) has climbed to a one-year high above 1.1620 after softer-than-expected Eurozone inflation reinforced expectations that the European Central Bank will be able to slow the pace of policy tightening. June inflation eased from 3.2% to 2.8%, suggesting the worst-case inflation scenario has been avoided for now as lower energy prices and sluggish economic activity reduce immediate price...

The Pound US Dollar (GBP/USD) exchange rate struggled to find momentum on Tuesday, as a mixed batch of UK and US economic releases left investors without a clear trading signal. At the time of writing, GBP/USD was trading at around $1.3272, broadly unchanged from Tuesday’s opening levels. The Pound (GBP) struggled to find a firm direction on Tuesday, as the UK’s latest growth data gave Sterling investors little clear...

The Pound Euro (GBP/EUR) exchange rate ticked higher on Tuesday after the UK’s latest GDP figures confirmed that economic growth picked up at the beginning of the year. At the time of writing, GBP/EUR was trading at €1.1611, around 0.2% higher on the day. The Pound (GBP) edged higher against several peers on Tuesday after the UK’s final first-quarter GDP figures were released. The figures confirmed that the UK...

The Pound to Dollar exchange rate (GBP/USD) steadied above the 1.3200 level after Andy Burnham's first major speech as Labour leader-designate reassured investors with a commitment to fiscal discipline. However, Sterling's recovery remained limited as the US Dollar continued to benefit from expectations of resilient economic growth and the prospect of higher-for-longer US interest rates. GBP/USD Forecasts: Above...

The Pound to Euro exchange rate (GBP/EUR) has remained close to the 1.1600 level as investors continued to welcome Andy Burnham's commitment to fiscal discipline and an orderly transition of power. Sterling has held onto recent gains despite lingering political uncertainty, with markets increasingly confident that any new government will seek to preserve credibility with bond investors. GBP/EUR Forecasts: Close to...