Currency News: UK daily forex news and forecasts

The Pound to Euro (GBP/EUR) exchange rate moved within a tight range on Thursday, with Sterling sentiment continuing to be shaped by developments in UK politics and renewed speculation surrounding Andy Burnham’s return to Westminster. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1483, down roughly 0.5% on the day. The Pound (GBP) traded without clear momentum on Thursday as investors...

The Pound US Dollar (GBP/USD) exchange rate struggled to capitalise on stronger UK GDP data on Thursday, as persistent political uncertainty in Britain and speculation surrounding Andy Burnham’s return to Westminster kept Sterling under pressure. At the time of writing, GBP/USD was trading at $1.3405, down roughly 0.9% on the day and hovering close to a one month low. The Pound (GBP) struggled to regain ground on...

The Euro to Dollar (EUR/USD) exchange rate edged lower on Thursday as stronger US inflation expectations and rising Treasury yields continued to support the US Dollar. At the time of writing, EUR/USD was trading near $1.1705, down approximately 0.1% on the day and close to its lowest levels in almost a week. The pairing has struggled to regain momentum after slipping steadily from last week’s highs above the 1.1790...

The Pound to Dollar exchange rate (GBP/USD) slipped back below the 1.3500 level as renewed UK political tensions and rising bond yields undermined Sterling sentiment. Markets remain focused on speculation surrounding Prime Minister Keir Starmer’s future, while stronger US inflation expectations and persistent geopolitical risks continue to provide underlying support for the dollar. GBP/USD Forecasts: Dips Below...

The Pound to Euro exchange rate (GBP/EUR) recovered back above 1.1550 after heavy selling earlier in the week, although Sterling sentiment remains fragile amid ongoing political turmoil and elevated UK bond yields. Investors are continuing to monitor the future of Prime Minister Keir Starmer alongside renewed volatility in the gilt market, with fears that prolonged political uncertainty could trigger another bout of...

The Pound Euro (GBP/EUR) exchange rate wobbled on Wednesday as markets remained wary of political uncertainty in the UK. At the time of writing, GBP/EUR was trading at €1.1535, having wavered in a narrow range. The Pound (GBP) traded without conviction on Wednesday as ongoing political uncertainty in the UK continued to weigh on Sterling sentiment. Although Prime Minister Keir Starmer appeared to have seen off an...

The Pound US Dollar (GBP/USD) exchange rate weakened on Wednesday as cautious trading conditions boosted demand for safer currencies. At the time of writing, GBP/USD was trading at around $1.3498, down roughly 0.3% from Wednesday’s opening levels. The US dollar (USD) traded with firm support in midweek trade as investors adopted a more defensive stance. Persistent tensions in the Middle East continued to unsettle...

The Pound to Dollar exchange rate (GBP/USD) fell to fresh 10-day lows near 1.3500 as mounting political turmoil in the UK and another sharp sell-off in government bonds weighed heavily on Sterling sentiment. Investors remain deeply concerned about the future of Prime Minister Keir Starmer amid growing Labour Party divisions, while rising oil prices and renewed geopolitical tensions have simultaneously boosted demand for the...

The Pound to Euro exchange rate (GBP/EUR) slumped to fresh 3-week lows below 1.1500 before recovering modestly, as intensifying political turmoil surrounding Prime Minister Keir Starmer rattled UK markets. Sterling came under renewed pressure as UK bond yields surged to multi-decade highs and investors grew increasingly concerned over the prospect of a prolonged Labour leadership battle, with markets also reacting nervously...

The Pound US Dollar (GBP/USD) exchange rate weakened sharply on Tuesday as investors reacted to growing instability in UK politics. At the time of writing, GBP/USD was trading at around $1.3541, down approximately 0.5% from Tuesday’s opening levels. The Pound (GBP) came under renewed pressure on Tuesday as concerns over the stability of Keir Starmer’s leadership continued to intensify. Following Labour’s...