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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

British Pound: Sterling Rallies on Sentiment Boost, GBP/USD Hits Two-Month Highs

19 Jul 2026 at 8 PM - Written by David Woodsmith

The British Pound has benefited from a significant improvement in sentiment this week, while the US Dollar has struggled to gain traction as expectations for Federal Reserve policy have shifted. The Pound to Dollar exchange rate (GBP/USD) surged to two-month highs near 1.3550 before correcting back towards 1.3500 as markets digested the sharp move higher. The Pound’s rally was initially driven by reports that Home...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Hits 13-Month Best Exchange Rate for Buyers

19 Jul 2026 at 8 PM - Written by Frank Davies

The British Pound posted strong gains against the Euro this week as markets welcomed reports that incoming Prime Minister Andy Burnham is expected to appoint Shabana Mahmood as Chancellor of the Exchequer. Pound Sterling also benefited from another strong round of short covering, while the Euro was pressured by higher European gas prices and renewed concerns over the region’s energy outlook. The Pound-to-Euro exchange...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Forecast: Profit-Taking Follows Mahmood-Fuelled Sterling Rally

16 Jul 2026 at 9 PM - Written by James Fuller

The Pound US Dollar (GBP/USD) exchange rate moved lower on Thursday after the escalating conflict between the US and Iran prompted investors to pull back from riskier assets. At the time of writing, GBP/USD was trading at $1.3499, down around 0.3% on the day. The US Dollar (USD) traded higher on Thursday, benefiting from renewed demand for safe-haven assets as the conflict in the Middle East intensified. Market...

CATEGORIES: Pound Dollar Forecasts

Strong GDP Keeps Pound Sterling Near Annual Highs Against the Euro

16 Jul 2026 at 9 PM - Written by David Woodsmith

The Pound to Euro (GBP/EUR) exchange rate traded close to its highest level in more than a year on Thursday as investors assessed the UK's latest economic growth figures. At the time of writing, GBP/EUR was changing hands at around €1.1791, almost unchanged from the opening levels of Thursday's session. The Pound (GBP) traded in a relatively tight range on Thursday, with stronger-than-expected UK GDP data...

CATEGORIES: Pound Euro Forecasts

British Pound to Euro Forecast: UK Growth, Mahmood Hopes Keep GBP Near Best

16 Jul 2026 at 5 PM - Written by Frank Davies

The Pound to Euro exchange rate (GBP/EUR) held close to 12-month highs above 1.1700 after stronger UK economic data and growing confidence in the incoming Burnham administration boosted Sterling. A modest rebound in UK GDP, combined with reports that Andy Burnham is set to appoint the fiscally cautious Shabana Mahmood as Chancellor, helped reassure investors that fiscal discipline will remain a priority. GBP/EUR...

CATEGORIES: Pound Euro Forecasts

Pound to Dollar Forecast: GBP Tests 1.34 as Mixed US Economic Data Clouds Fed Outlook

16 Jul 2026 at 5 PM - Written by James Fuller

The Pound to Dollar exchange rate (GBP/USD) rebounded towards the 1.3400 level after a mixed batch of US economic data failed to extend the US Dollar's recent gains. Headline US retail sales rose 0.2% in June, matching expectations, while the closely watched control group increased a stronger-than-expected 0.5%, pointing to resilient underlying consumer demand. However, core retail sales excluding autos unexpectedly...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Flat Ahead of Key UK Growth Figures

15 Jul 2026 at 8 PM - Written by Frank Davies

The Pound Euro (GBP/EUR) exchange rate moved sideways on Wednesday, with Sterling unable to make meaningful gains against the single currency despite disappointing Eurozone economic data. At the time of writing, GBP/EUR was trading at €1.1725, showing little change from the start of the day. The Pound (GBP) lacked firm direction during Wednesday's session as the absence of fresh UK economic data provided little...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Forecast: UK GDP, US Retail Sales in Focus for GBP/USD

15 Jul 2026 at 8 PM - Written by David Woodsmith

The Pound to US Dollar (GBP/USD) exchange rate continued to edge higher on Wednesday, building on the previous session's rally as investors further pared back expectations for additional Federal Reserve policy tightening. At the time of writing, GBP/USD was trading at around $1.3401, unchanged from Wednesday's opening levels. The US Dollar (USD) remained muted through Wednesday's European session as...

CATEGORIES: Pound Dollar Forecasts

British Pound to Euro Forecast: Rising Gilt Yields Weigh on GBP

15 Jul 2026 at 3 PM - Written by James Fuller

The Pound to Euro exchange rate (GBP/EUR) slipped back as UK government bond yields climbed above the 5.00% mark, reviving concerns that higher borrowing costs could eventually outweigh the Pound's yield advantage. While elevated yields can support Sterling by attracting investors, markets are becoming increasingly wary that rising financing costs could reignite questions over the UK's fiscal outlook ahead of...

CATEGORIES: Pound Euro Forecasts

Pound-to-Dollar Forecast: Weaker US Inflation Cuts Fed Rate Hike Bets

15 Jul 2026 at 3 PM - Written by David Woodsmith

The Pound to Dollar exchange rate (GBP/USD) climbed back above 1.3400 after softer-than-expected US inflation data prompted investors to scale back expectations of further Federal Reserve rate hikes. Although geopolitical tensions in the Middle East continue to underpin the Dollar, the benign inflation report triggered a sharp fall in US Treasury yields and allowed Sterling to recover from earlier losses. GBP/USD...

CATEGORIES: Pound Dollar Forecasts