Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) fell to fresh 10-day lows near 1.3500 as mounting political turmoil in the UK and another sharp sell-off in government bonds weighed heavily on Sterling sentiment. Investors remain deeply concerned about the future of Prime Minister Keir Starmer amid growing Labour Party divisions, while rising oil prices and renewed geopolitical tensions have simultaneously boosted demand for the...

The Pound to Euro exchange rate (GBP/EUR) slumped to fresh 3-week lows below 1.1500 before recovering modestly, as intensifying political turmoil surrounding Prime Minister Keir Starmer rattled UK markets. Sterling came under renewed pressure as UK bond yields surged to multi-decade highs and investors grew increasingly concerned over the prospect of a prolonged Labour leadership battle, with markets also reacting nervously...

The Pound US Dollar (GBP/USD) exchange rate weakened sharply on Tuesday as investors reacted to growing instability in UK politics. At the time of writing, GBP/USD was trading at around $1.3541, down approximately 0.5% from Tuesday’s opening levels. The Pound (GBP) came under renewed pressure on Tuesday as concerns over the stability of Keir Starmer’s leadership continued to intensify. Following Labour’s...

The Pound Euro (GBP/EUR) exchange rate dropped to a three-week low on Tuesday as escalating political uncertainty in the UK weighed heavily on Sterling. At the time of writing, GBP/EUR was trading at €1.1517, down 0.3% on the day. The Pound (GBP) came under heavy selling pressure on Tuesday as speculation intensified over Prime Minister Keir Starmer’s political future. Although Starmer struck a combative tone in a...

The Pound to Dollar exchange rate (GBP/USD) has come under renewed pressure, retreating sharply from recent highs above 1.36 as political tensions surrounding Prime Minister Keir Starmer intensified. Sterling weakened across global markets after reports that more than 60 Labour MPs are now backing efforts to force Starmer to set out a resignation timetable, while several ministers and parliamentary aides have reportedly...

The Pound Euro (GBP/EUR) exchange rate struggled to find momentum at the start of the week, briefly falling before trimming some of its earlier losses, as political uncertainty in the UK unsettled Sterling sentiment. At the time of writing, GBP/EUR was trading at €1.1553, slightly lower on the day but above its earlier trough of around €1.1540. The Pound (GBP) opened the week on the back foot as fresh political...

The Pound US Dollar (GBP/USD) exchange rate moved lower at the beginning of the week as concerns over UK political stability weighed on Sterling sentiment. At the time of writing, GBP/USD was trading near $1.3597, down around 0.2% from Monday’s opening levels. The Pound (GBP) struggled to attract support on Monday as speculation surrounding Keir Starmer’s future intensified following Labour’s weak showing in the...

The Pound to Dollar exchange rate (GBP/USD) faces a fresh test as markets assess the political fallout from heavy Labour election losses alongside ongoing geopolitical uncertainty in the Middle East. Sterling has remained relatively resilient near recent highs, but investors are increasingly wary that rising UK political instability and fragile global risk sentiment could trigger renewed volatility for GBP/USD in the weeks...

The Euro to Dollar exchange rate (EUR/USD) traded close to 1.1770 as markets balanced hopes for progress in US-Iran negotiations against persistent inflation and energy market risks. Investors remain focused on the outlook for global inflation and central bank policy, with expectations for further European Central Bank tightening contrasting with uncertainty surrounding future Federal Reserve rate decisions. EUR/USD...

The Pound to Euro exchange rate (GBP/EUR) remained below the 1.16 level after heavy local election losses for the UK Labour Party intensified speculation surrounding Prime Minister Keir Starmer’s political future. Sterling has so far remained relatively resilient near 1.1570, supported by elevated UK yields and expectations for further Bank of England tightening, although markets are increasingly focused on whether...