Currency News: UK daily forex news and forecasts

The Pound Euro (GBP/EUR) exchange rate struggled to find a clear direction on Thursday, as markets assessed fresh geopolitical developments alongside the Eurozone’s latest economic releases. At the time of writing, GBP/EUR was trading at €1.1551, marginally lower on the day. The Euro (EUR) traded without a clear direction on Thursday as the single currency was pulled between competing influences. EUR found some...

The Pound US Dollar (GBP/USD) exchange rate traded modestly higher on Thursday as improving geopolitical sentiment reduced demand for traditional safe-haven currencies. At the time of writing, GBP/USD was changing hands at approximately $1.3431, up slightly from the beginning of Thursday's European session. The US Dollar (USD) struggled to find support on Thursday as investors responded positively to signs of...

The Pound to Dollar exchange rate (GBP/USD) remained under pressure as the US Dollar continued to draw support from resilient economic data and growing speculation that the Federal Reserve could maintain a restrictive policy stance for longer. Sterling drifted back towards the 1.3430 area as investors weighed diverging signals from the Bank of England against increasingly firm US labour-market indicators. GBP/USD Forecasts:...

The Pound to Euro exchange rate (GBP/EUR) strengthened to fresh one-week highs above 1.1580 as investors increased bets that the Bank of England may still be forced to raise interest rates later this summer. Hawkish comments from policymakers helped underpin Sterling, while concerns over the economic impact of elevated energy prices continued to weigh on sentiment towards the Euro. GBP/EUR Forecasts: Advance to 1-Week...

The Pound Euro (GBP/EUR) exchange rate moved sideways on Wednesday after the latest UK and Eurozone PMI releases offered little clear direction. At the time of writing, GBP/EUR was trading at €1.1576, largely unchanged on the day. The Pound (GBP) traded without clear momentum on Wednesday after the UK’s final services PMI confirmed a contraction in the sector. May’s finalised reading was revised up from the...

The Pound US Dollar (GBP/USD) exchange rate slipped on Wednesday as ongoing unrest in the Middle East continued to weigh on market sentiment. At the time of writing, GBP/USD was trading at around $1.3451, down slightly from the start of Wednesday’s session. The US Dollar (USD) strengthened through the middle of the week as investors gravitated towards safer assets amid renewed uncertainty surrounding the conflict...

The Pound to Dollar exchange rate (GBP/USD) remained capped below the 1.3500 level as investors balanced resilient UK fundamentals against growing expectations that the Federal Reserve may need to maintain a tighter policy stance for longer. While Sterling has continued to find support above 1.3400, a run of firmer US economic data and renewed speculation over future Fed action have helped keep the Dollar...

The Pound to Euro exchange rate (GBP/EUR) remained close to 1.1570 as investors weighed signs of resilience in the UK economy against expectations of tighter monetary policy from the European Central Bank. With both the ECB and Bank of England approaching crucial June policy meetings, markets are increasingly focused on whether recent UK data can justify Sterling's relative strength in the face of higher borrowing...

The Pound Euro (GBP/EUR) exchange rate traded in a tight range on Tuesday, as the Eurozone’s latest inflation figures failed to deliver a meaningful lift to the single currency. At the time of writing, GBP/EUR was trading at €1.1567, virtually unchanged on the day. The Euro (EUR) strengthened against some of its weaker peers on Tuesday, although its gains were limited after the Eurozone’s latest inflation data...

The Pound US Dollar (GBP/USD) exchange rate fell on Monday as escalating tensions in the Middle East and stronger-than-expected US data lifted the safe-haven ‘Greenback’. At the time of writing, GBP/USD was trading at $1.3421, down more than 0.2% on the day. The safe-haven US Dollar (USD) strengthened on Monday as a deterioration in market sentiment drove investors towards safer assets. The latest bout of risk...