Currency News: UK daily forex news and forecasts

The Pound US Dollar (GBP/USD) exchange rate struggled for direction on Tuesday as investors sought greater clarity regarding the recently announced US-Iran peace framework. At the time of writing, GBP/USD was trading at around $1.3412, little changed from the start of the session. The US Dollar (USD) traded steadily through Tuesday's European session after recovering some ground lost following news of a preliminary...

The Pound Euro (GBP/EUR) exchange rate softened on Tuesday, as upbeat German economic data helped to underpin the common currency. At the time of writing, GBP/EUR was trading at €1.1556, down slightly on the day. The Pound (GBP) was subdued on Tuesday, with investors wary of taking bold positions before a run of major UK events later in the week. Wednesday’s UK inflation data could set the tone for Sterling,...

The Pound to Euro exchange rate (GBP/EUR) enters a pivotal week on the back foot, slipping back towards 1.1560 as investors prepare for a potentially market-moving combination of economic data, central bank decisions and political developments. With the Bank of England policy meeting, UK inflation data and the closely watched Makerfield by-election all due within days, Sterling faces one of its most important tests of the...

The Pound to Dollar exchange rate (GBP/USD) climbed to 10-day highs above 1.3460 after reports that the US and Iran had agreed a peace deal boosted risk appetite and reduced demand for the safe-haven US Dollar. Lower oil prices and improving market sentiment helped Sterling advance, although investors remain cautious ahead of a crucial week of central bank decisions and key UK political developments. GBP/USD Forecasts:...

The Pound to Euro (GBP/EUR) exchange rate edged lower at the start of the week as a broad retreat in the US Dollar (USD) helped underpin demand for the single currency. The GBP/EUR exchange rate traded at roughly €1.1563 at the time of writing, down 0.2% from Monday’s opening levels. The Euro (EUR) moved higher on Monday as investors rotated out of the US Dollar following reports that Washington and Tehran had agreed...

The Pound US Dollar (GBP/USD) exchange rate climbed to a ten-day high on Monday, as news of a framework peace agreement between the US and Iran lifted risk appetite. At the time of writing, GBP/USD was trading at $1.3426. The pairing had retreated from an earlier peak of $1.3461, but remained higher on the day. The US Dollar (USD) opened the week on the back foot, with demand for the safe-haven currency dented by growing...

The Euro to Dollar exchange rate (EUR/USD) enters a pivotal week with investors focused squarely on the Federal Reserve's latest policy decision. While no rate increase is expected this month, growing speculation that the Fed could tighten policy later this year has provided fresh support for the US Dollar and left EUR/USD vulnerable after recent tests of the 1.1500 area. EUR/USD Forecasts: Crucial Fed decision ING...

The Pound to Dollar exchange rate (GBP/USD) has rebounded from support near 1.3300, but investors face a crucial week with both the Federal Reserve and Bank of England set to announce policy decisions. While improving risk appetite has helped Sterling recover ground, markets remain deeply divided over the outlook for interest rates on both sides of the Atlantic GBP/USD Forecasts: Crucial central bank decisions...

The Pound to Euro exchange rate (GBP/EUR) remained trapped below the key 1.1600 level as investors brace for a potentially pivotal week featuring both the Bank of England policy decision and the closely watched Makerfield by-election. With monetary policy and UK politics converging at the same time, markets are preparing for increased volatility in Sterling as traders assess the outlook for interest rates, fiscal policy...

The Pound to Euro (GBP/EUR) exchange rate drifted lower on Thursday as investors assessed the outcome of the European Central Bank’s latest policy meeting. At the time of writing, GBP/EUR was trading at approximately €1.1574, down only modestly from the opening levels of the session. The Euro (EUR) found support on Thursday after the European Central Bank announced a quarter-point increase in interest rates, its...