Currency News: UK daily forex news and forecasts
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Pound-to-Euro Holds Near €1.20 as ECB Leadership Race Begins
9 Nov 2026 at 8 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Holds Near €1.20 as ECB Leadership Race Begins
The Pound to Euro (GBP/EUR) exchange rate traded within a narrow range on Monday as investors weighed uncertainty over the European Central Bank's (ECB) next president against a further decline in UK government borrowing costs.
At the time of writing, GBP/EUR was trading at approximately €1.1989, virtually unchanged from Monday's opening levels and remaining just below the €1.2000 mark.
The Euro (EUR) struggled to...
CATEGORIES: Pound Euro Forecasts
GBP/USD Forecast: Pound Sterling Jumps 0.5% as Risk Rally Hits US Dollar
9 Nov 2026 at 8 PM - Written by David Woodsmith
STORY LINK GBP/USD Forecast: Pound Sterling Jumps 0.5% as Risk Rally Hits US Dollar
The Pound to US Dollar (GBP/USD) exchange rate rallied on Monday as a recovery in global stock markets and renewed hopes of peace in the Middle East weakened demand for the safe-haven US Dollar.
At the time of writing, GBP/USD was trading at around $1.3417, up 0.5% on the day.
The US Dollar (USD) weakened against most of its major peers as investors returned to riskier assets following last week's sharp sell-off in...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Week-Ahead Forecast: US Inflation to Test Euro Rebound
9 Nov 2026 at 1 PM - Written by James Fuller
STORY LINK Euro to Dollar Week-Ahead Forecast: US Inflation to Test Euro Rebound
The Euro to Dollar exchange rate (EUR/USD) recovered to around 1.1195 on Monday afternoon, gaining 0.5% as the Dollar surrendered part of Friday's advance.
Tuesday's US inflation report will provide the next test of the recovery, with banks divided over whether weaker demand for defensive assets can outweigh expectations of another Federal Reserve rate increase.
EUR/USD Forecasts: US inflation tests 1.12 recovery
ING...
CATEGORIES: Euro Dollar Forecasts
Pound-to-Dollar Weekly Forecast: Analysts Remain Bullish on Sterling
9 Nov 2026 at 7 AM - Written by David Woodsmith
STORY LINK Pound-to-Dollar Weekly Forecast: Analysts Remain Bullish on Sterling
The Pound to Dollar exchange rate (GBP/USD) retreated from seven-week highs around 1.3500 to 1.3350 as stronger US jobs data and a renewed technology-stock sell-off helped the Dollar recover from its initial post-election losses.
UBS remains bullish on Pound Sterling, forecasting a rise to 1.41 by mid-2027, while Rabobank expects the Dollar to retain enough support to keep GBP/USD near 1.30 over the next year.
GBP/USD...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Week Ahead Forecast: GBP Supported by BoE, Closer EU Ties
9 Nov 2026 at 6 AM - Written by Frank Davies
STORY LINK Pound-to-Euro Week Ahead Forecast: GBP Supported by BoE, Closer EU Ties
The Pound to Euro exchange rate (GBP/EUR) held close to 1.20 after the Bank of England raised interest rates to 4.00% and warned that further tightening may be needed.
Goldman Sachs sees scope for Sterling to advance towards 1.2050 in the short term, although investment banks remain divided over how far UK rates will rise and whether the Pound can sustain its gains into 2027.
GBP/EUR Forecasts: BoE Takes Action...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: GBP/USD Stalls at 1.35 Despite Hawkish BoE
8 Nov 2026 at 7 PM - Written by Frank Davies
STORY LINK Pound to Dollar Forecast: GBP/USD Stalls at 1.35 Despite Hawkish BoE
The Pound to Dollar exchange rate (GBP/USD) struggled to break above 1.3500 on Thursday despite a hawkish Bank of England rate hike and continued fallout from the Democrats' sweeping US midterm election victory.
Pound Sterling remained firm near seven-week highs, but a modest Dollar recovery and expectations of further Federal Reserve tightening limited gains ahead of Friday's US employment report.
GBP/USD Forecasts:...
CATEGORIES: Pound Dollar Forecasts
British Pound to Euro Forecast: UK Inflation Could Hit 5% as BoE Raises Rates
8 Nov 2026 at 7 PM - Written by James Fuller
STORY LINK British Pound to Euro Forecast: UK Inflation Could Hit 5% as BoE Raises Rates
The Pound to Euro exchange rate (GBP/EUR) returned towards 1.2000 after the Bank of England raised interest rates to 4.00% and delivered a more hawkish message than markets had expected.
An unexpectedly strong 8-1 vote and warnings over rising inflation risks have increased the prospect of another hike as early as December, although ING and MUFG remain sceptical that the Bank will deliver the full tightening cycle priced...
CATEGORIES: Pound Euro Forecasts
Pound-to-Euro Breaks €1.20
5 Nov 2026 at 8 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Breaks €1.20
The Pound to Euro (GBP/EUR) exchange rate climbed above €1.20 on Thursday after the Bank of England (BoE) raised interest rates and signalled that further increases could follow.
At the time of writing, GBP/EUR was trading at around €1.2008, close to its recent 18-month high and approximately 0.2% higher than at the start of the European session.
The Pound (GBP) strengthened after the Bank of England delivered a more...
CATEGORIES: Pound Euro Forecasts
British Pound to Euro Forecast: BoE Raises Rates to 4%, GBP Eyes 1.21
5 Nov 2026 at 5 PM - Written by David Woodsmith
STORY LINK British Pound to Euro Forecast: BoE Raises Rates to 4%, GBP Eyes 1.21
The Pound to Euro exchange rate (GBP/EUR) held close to 19-month highs around 1.20 after the Bank of England raised interest rates to 4.00% in a more hawkish vote than expected.
Pound Sterling remains supported by resilient UK economic data and persistent French fiscal concerns, although markets are now focused on whether policymakers will deliver further tightening in early 2027.
GBP/EUR Forecasts: Holding Near...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: Bank of England Raises Rates as USD Slides
5 Nov 2026 at 5 PM - Written by James Fuller
STORY LINK Pound to Dollar Forecast: Bank of England Raises Rates as USD Slides
The Pound to Dollar exchange rate (GBP/USD) held close to seven-week highs around 1.3470 after the Bank of England raised interest rates to 4.00% in a more hawkish vote than expected.
Pound Sterling also benefited from continued Dollar weakness following the Democratic sweep of Congress, although resilient US employment data and expectations of another Federal Reserve hike limited further gains.
GBP/USD Forecasts: Near...
CATEGORIES: Pound Dollar Forecasts