Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate (GBP/EUR) held close to 1.1700 after stronger-than-expected UK monthly GDP data reinforced confidence in the domestic economy. Pound Sterling's gains remained limited, but the Euro also struggled for support as elevated European gas prices and continued uncertainty surrounding Middle East energy supplies overshadowed improving Eurozone economic data. GBP/EUR Forecasts: Holds Near...

The Pound to Dollar exchange rate (GBP/USD) held close to 1.3500 after stronger-than-expected UK monthly GDP data offered Sterling fresh support. June growth comfortably beat forecasts, reinforcing evidence of economic resilience, although the Dollar remained steady after benign US inflation figures reduced expectations of a September Federal Reserve rate hike. GBP/USD Forecasts: Near $1.35 The Pound to Dollar...

The Pound US Dollar (GBP/USD) exchange rate remained close to the $1.35 level on Thursday after the latest UK GDP figures pointed to resilient economic growth. At the time of writing, GBP/USD was trading at around $1.3480, down modestly on the day after briefly trading above $1.3500 earlier in the session. The Pound (GBP) received some support after the Office for National Statistics reported that the UK economy expanded...

The Pound Euro (GBP/EUR) exchange rate was little changed on Wednesday, as a quiet UK data calendar kept trading subdued ahead of Thursday’s GDP release. At the time of writing, GBP/EUR was trading around €1.1705, leaving the pairing virtually flat for the day and close to Monday’s two-week high. The Pound (GBP) was largely rangebound on Wednesday, with the lack of fresh UK economic releases leaving Sterling...

The Pound to Euro exchange rate (GBP/EUR) has slipped back below 1.1700 after failing to extend Monday's advance to two-week highs. Pound Sterling continues to benefit from its substantial yield advantage and benign carry-trade conditions, but with political risks temporarily subdued and major UK data absent, the Pound is struggling to find the fresh catalyst required for another move higher. GBP/EUR Forecasts:...

The Pound to Dollar exchange rate (GBP/USD) has held close to three-week highs around 1.3500 as exceptionally low market volatility continues to encourage demand for higher-yielding currencies. Sterling has been one of the beneficiaries of the carry-trade environment, although Wednesday's US inflation data and renewed pressure on global bond markets could provide the next major test. GBP/USD Forecasts: Close to 3-Week...

The Pound US Dollar (GBP/USD) exchange rate edged lower on Tuesday as renewed geopolitical uncertainty encouraged investors to favour the safe-haven US Dollar. At the time of writing, GBP/USD was trading at around $1.3499, down slightly from Tuesday’s opening levels. The US Dollar (USD) strengthened on Tuesday as hopes of a swift agreement between the US and Iran continued to fade. Crude oil prices climbed back...

The Pound Euro (GBP/EUR) exchange rate remained close to a two-week high on Tuesday, with traders largely holding fire ahead of a series of economic releases later in the week. At the time of writing, GBP/EUR was trading at €1.1701, little changed from the start of the day. The Pound (GBP) traded largely flat on Tuesday, with Sterling holding its position as the UK’s economic calendar offered little in the way of...

The Pound to Euro exchange rate (GBP/EUR) has edged higher towards 1.1690, with calm global markets allowing Sterling to continue benefiting from the UK's relatively attractive yields. The 10-year gilt yield remains close to 5.00%, helping offset lingering concerns over fiscal policy and expectations that the Bank of England will ultimately disappoint current market pricing for rate hikes. GBP/EUR Forecasts: Pound...

The Pound to Dollar exchange rate (GBP/USD) has consolidated around the 1.3500 level after climbing to three-week highs as unexpectedly weak US employment data intensified doubts over further Federal Reserve tightening. With the Dollar Index close to two-month lows, Sterling remains well placed to extend its recovery, although significant technical resistance around 1.3550 and continued safe-haven demand linked to the Iran...