Currency News: UK daily forex news and forecasts

The Pound Euro (GBP/EUR) exchange rate remained within a tight range on Wednesday, as market participants largely looked past a sharper-than-anticipated drop in UK inflation. At the time of writing, GBP/EUR is hovering around €1.1542, showing little to no change from the start of the session. The Pound (GBP) traded in a narrow range on Wednesday, as the UK’s latest inflation data failed to spark much movement in...

The Pound US Dollar (GBP/USD) exchange rate traded on the back foot on Wednesday following the release of the UK’s latest inflation figures. At the time of writing, GBP/USD was trading at around $1.3385, marginally lower than the opening levels seen earlier in the session. The Pound (GBP) struggled for momentum on Wednesday after UK inflation data fell short of expectations. Figures published by the Office for...

The Pound to Euro exchange rate (GBP/EUR) held above the 1.1500 level after Sterling drew temporary relief from easing UK political tensions, although weaker-than-expected labour market data curbed further gains. Markets reacted positively after Andy Burnham signalled support for existing fiscal rules, but a sharp drop in payrolls and rising unemployment reinforced concerns over the wider UK economic outlook. GBP/EUR...

The Pound to Dollar exchange rate (GBP/USD) rebounded strongly from support near 1.3300, but struggled to sustain gains above 1.3450 as firm US yields and renewed dollar demand offset easing UK political concerns. Sterling remained relatively resilient despite another weak UK labour market report, although traders continue to monitor geopolitical tensions, Federal Reserve expectations and the outlook for the Bank of England...

The Pound US Dollar (GBP/USD) exchange rate moved lower on Tuesday following the release of weaker-than-expected UK labour market figures. At the time of writing, GBP/USD was trading at around $1.3396, down roughly 0.4% from the opening levels of Tuesday’s session. The Pound (GBP) came under pressure on Tuesday as disappointing labour market data brought Sterling’s recent gains to a halt. According to figures...

The Pound Euro (GBP/EUR) exchange rate was trapped in a narrow range on Tuesday, as the UK’s latest labour market data left Sterling lacking direction. At the time of writing, GBP/EUR was trading at €1.1520, virtually unchanged on the day. The Pound (GBP) struggled to build on Monday’s gains during Tuesday’s session, as a weaker-than-expected UK labour market report dampened demand for Sterling. The latest...

The Pound to Dollar exchange rate (GBP/USD) recovered from fresh 6-week lows near 1.3300 as a retreat in UK bond yields and a softer US dollar helped Sterling stabilise after heavy recent losses. Markets remain highly sensitive to global bond market volatility, inflation fears and ongoing political uncertainty in the UK, while developments surrounding Iran and Federal Reserve policy continue to dominate broader currency...

The Pound to Euro exchange rate (GBP/EUR) rebounded from fresh 6-week lows near 1.1450 after markets reacted positively to comments from Andy Burnham backing the UK’s fiscal rules and renewed hawkish rhetoric from the Bank of England. Despite the recovery, Sterling sentiment remains fragile as investors continue to grapple with mounting political uncertainty, surging bond yields and fears over the wider economic impact of...

The Pound US Dollar (GBP/USD) exchange rate strengthened on Monday, clawing back some of last week’s losses as UK political concerns began to ease and British bond markets stabilised. At the time of writing, GBP/USD was trading at $1.3393, up around 0.5% on the day. The Pound (GBP) climbed on Monday as investors appeared to take a calmer view of the UK’s political backdrop. Pound Sterling had been knocked last...

The Pound Euro (GBP/EUR) exchange rate strengthened on Monday, as Sterling benefitted from fading fears over an imminent Labour leadership contest. At the time of writing, GBP/EUR was trading at €1.1493, up roughly 0.3% on the day. The Pound (GBP) firmed on Monday, clawing back some of last week’s losses as fears over UK political turbulence started to ease. With Prime Minister Keir Starmer appearing to have...