Currency News: UK daily forex news and forecasts
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Pound to Dollar Forecast: Democratic Sweep Lifts GBP/USD to 7-Week High
4 Nov 2026 at 12 PM - Written by David Woodsmith
STORY LINK Pound to Dollar Forecast: Democratic Sweep Lifts GBP/USD to 7-Week High
The Pound to Dollar exchange rate (GBP/USD) climbed to a seven-week high around 1.3495 as the US Dollar weakened following the Democrats' sweep of both chambers of Congress in the midterm elections.
Pound Sterling also drew support from expectations of a Bank of England rate hike on Thursday, with markets now watching whether GBP/USD can break above 1.3500
GBP/USD Forecasts: Hits Seven-Week High
The Pound to Dollar...
CATEGORIES: Pound Dollar Forecasts
British Pound to Euro Forecast: GBP Eyes 1.20 Ahead of BoE Rate Hike
4 Nov 2026 at 12 PM - Written by James Fuller
STORY LINK British Pound to Euro Forecast: GBP Eyes 1.20 Ahead of BoE Rate Hike
The Pound to Euro exchange rate (GBP/EUR) has recovered towards 1.2000, close to 19-month highs, as buyers continue to support Sterling ahead of Thursday's Bank of England decision.
A rate hike to 4.00% is widely expected, but the Pound's next move may depend on whether Governor Andrew Bailey signals further tightening or pushes back against aggressive market expectations.
GBP/EUR Forecasts: Testing 1.20
After a...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Nears Best Exchange Rate in 17 Months
3 Nov 2026 at 8 PM - Written by James Fuller
STORY LINK Pound to Euro Nears Best Exchange Rate in 17 Months
The Pound Euro (GBP/EUR) exchange rate edged higher on Tuesday after the UK and EU reached an agreement to ease post-Brexit restrictions on food and agricultural trade.
At the time of writing, GBP/EUR was trading at around €1.1989, up marginally on the day and remaining close to the psychologically important €1.2000 level.
The Pound (GBP) found modest support after London and Brussels reached an agreement aimed at...
CATEGORIES: Pound Euro Forecasts
Pound Sterling Forecast: UK-EU Trade Breakthrough Supports GBP/USD
3 Nov 2026 at 8 PM - Written by Ben Hughes
STORY LINK Pound Sterling Forecast: UK-EU Trade Breakthrough Supports GBP/USD
The Pound to US Dollar (GBP/USD) exchange rate edged higher on Tuesday as progress towards a new UK-EU trade agreement offered support to Sterling.
At the time of writing, GBP/USD was trading at approximately $1.3416, up modestly from Tuesday's opening levels.
The Pound (GBP) strengthened against several major currencies after London and Brussels reached a provisional agreement aimed at reducing post-Brexit trade...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Forecast: USD Slides as GBP Targets 1.35
3 Nov 2026 at 5 PM - Written by David Woodsmith
STORY LINK Pound to Dollar Forecast: USD Slides as GBP Targets 1.35
The Pound to Dollar exchange rate (GBP/USD) climbed to six-week highs near 1.3450 as a sharp fall in oil prices and lower US Treasury yields undermined Dollar demand.
Pound Sterling also benefited from expectations of a Bank of England rate hike this week, while investors remain alert to the US midterm elections and the risk of further weakness in technology shares.
GBP/USD Forecasts: 6-Week Highs
The Pound held...
CATEGORIES: Pound Dollar Forecasts
British Pound to Euro Forecast: GBP Slips Below 1.20 as Oil Prices Ease
3 Nov 2026 at 5 PM - Written by James Fuller
STORY LINK British Pound to Euro Forecast: GBP Slips Below 1.20 as Oil Prices Ease
The Pound to Euro exchange rate (GBP/EUR) retreated from 17-month highs above 1.2000 to around 1.1960 as lower oil prices provided some relief for the Euro and investors took profits following Sterling's recent rally.
The Pound remains supported by expectations of a Bank of England rate hike this week, although analysts warn that stretched positioning could leave GBP/EUR vulnerable to further consolidation.
GBP/EUR...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Hits Best Exchange Rate in Six Weeks as US Elections Loom
2 Nov 2026 at 8 PM - Written by David Woodsmith
STORY LINK Pound to Dollar Hits Best Exchange Rate in Six Weeks as US Elections Loom
The Pound to US Dollar (GBP/USD) exchange rate climbed to a six-week high on Monday as uncertainty ahead of the US mid-term elections weighed on the 'Greenback'.
Having retreated from its earlier peak, GBP/USD was trading at around $1.3420 at the time of writing, still up approximately 0.2% on the day.
The US Dollar (USD) came under pressure at the start of the week as investors grew cautious ahead of Tuesday's...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Slips to €1.1969 ahead of BoE Rate Decision
2 Nov 2026 at 8 PM - Written by James Fuller
STORY LINK Pound-to-Euro Slips to €1.1969 ahead of BoE Rate Decision
The Pound to Euro (GBP/EUR) exchange rate edged lower on Monday as the single currency benefited from improving market sentiment and a weaker US Dollar.
At the time of writing, GBP/EUR was trading at approximately €1.1969, down around 0.3% from Monday's opening levels but remaining close to the psychologically important €1.2000 mark.
The Euro (EUR) strengthened against most major currencies at the start of the week,...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast: US Midterms Democrat Sweep Put USD at Risk
2 Nov 2026 at 9 AM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast: US Midterms Democrat Sweep Put USD at Risk
The Euro to Dollar exchange rate (EUR/USD) has recovered modestly after falling to 17-month lows near 1.1100, with investors preparing for Tuesday's US midterm elections amid renewed turmoil in energy and technology markets.
Crédit Agricole warns that a Democratic sweep of Congress could weigh on the Dollar, although expectations of further Federal Reserve tightening and persistent French fiscal concerns continue to...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Week Ahead Forecast: GBP Breaks 1.20 but Banks Warn of Correction
2 Nov 2026 at 7 AM - Written by Frank Davies
STORY LINK Pound to Euro Week Ahead Forecast: GBP Breaks 1.20 but Banks Warn of Correction
The Pound to Euro exchange rate (GBP/EUR) has climbed to 18-month highs above 1.2000, but investment banks warn that Sterling could struggle to extend its gains after this week's Bank of England decision.
Markets are pricing more than four rate hikes over the coming quarters, leaving the Pound vulnerable if policymakers deliver the expected November increase but signal a less aggressive tightening path.
GBP/EUR...
CATEGORIES: Pound Euro Forecasts