Currency News: UK daily forex news and forecasts

The Pound US Dollar (GBP/USD) exchange rate held close to recent six-month highs on Tuesday as weaker-than-expected US consumer confidence data limited demand for the ‘Greenback’. At the time of writing, GBP/USD was trading at around $1.3630, little changed on the day and close to Friday’s peak above $1.3670. The US Dollar (USD) struggled to gain traction on Tuesday after the latest Conference Board consumer...

The Pound to Euro (GBP/EUR) exchange rate edged higher at the start of the week as fresh analysis suggested the UK economy may be benefiting from stronger productivity growth than official figures indicate. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1680, up almost 0.2% from Monday’s opening levels. The Pound (GBP) started the week on a firmer footing after research indicated that UK...

The Pound to Euro (GBP/EUR) exchange rate consolidated close to the 1.1690 area on Tuesday, with Sterling holding above last week's lows but struggling to make sustained headway against a firmer Euro. GBP/EUR had found support below 1.1650 last week before recovering, although the pair remains caught between improving UK economic data and renewed support for the single currency. The UK economic debate is also...

The Pound to Dollar (GBP/USD) exchange rate maintained a firm tone on Tuesday, trading around 1.3630-1.3640 and holding close to Friday's six-month high above 1.3670. Pound Sterling has struggled to extend its advance, but the Dollar remains under pressure amid persistent concerns over US fiscal policy, trade tensions and the credibility of recent Treasury intervention in the bond market. GBP/USD reached 1.3675 at...

The Euro to Dollar exchange rate (EUR/USD) surged to three-month highs above 1.1700 as turmoil in the US Treasury market and softer economic data triggered a sharp reassessment of the Dollar outlook. Washington's decision to step up purchases of longer-dated government debt initially pushed yields lower, but also raised broader questions over demand for US assets and whether attempts to contain borrowing costs could...

The Pound to Dollar exchange rate (GBP/USD) has held close to six-month highs above 1.3650 after renewed turbulence in the US Treasury market triggered another bout of Dollar selling. Pound Sterling has also benefited from improved confidence in the UK's political transition, leaving investors focused on whether GBP/USD can now convert its recent advance into a sustained breakout. GBP/USD Forecasts: Bond-market...

The Pound to Euro exchange rate (GBP/EUR) recovered modestly after falling to two-week lows below 1.1650, but renewed energy-market pressures are threatening Sterling's resilience. UK gas prices have climbed to three-year highs, raising concerns that another energy shock could squeeze household demand, intensify business cost pressures and complicate the Bank of England's policy outlook. GBP/EUR Forecasts:...

The Pound to Euro exchange rate (GBP/EUR) recovered from two-week lows below 1.1650, but Sterling has struggled to regain the important 1.1700 level as resilient economic data on both sides of the Channel limits directional momentum. Stronger UK business activity has provided support, while improving Eurozone growth, substantial capital inflows and expectations of further ECB tightening have helped the Euro resist renewed...

The Pound to Dollar exchange rate (GBP/USD) surged to a six-month high of 1.3675 as persistent concerns over US Treasury intervention and the outlook for long-term bond yields kept the Dollar under heavy pressure. Stronger-than-expected UK services data added to Sterling support, although the pair surrendered part of its advance after breaking above the May highs. GBP/USD Forecasts: Six-Month High The Pound to Dollar...

The Pound to Euro (GBP/EUR) exchange rate recovered some ground on Thursday, following the losses seen in the previous session. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1673, up roughly 0.2% from Thursday’s opening levels. The Euro (EUR) came under pressure on Thursday as another rise in energy prices fuelled concerns about the effect of higher costs on businesses across the...