Currency News: UK daily forex news and forecasts
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British Pound to Euro Forecast: Energy Shock Drives GBP Rebound
3 Mar 2026 at 1 PM - Written by Tim Boyer
STORY LINK British Pound to Euro Forecast: Energy Shock Drives GBP Rebound
The Pound to Euro exchange rate (GBP/EUR) rebounded toward 1.1400 after sliding to 10-week lows as escalating tensions in the Middle East and a surge in global energy prices reshaped currency market dynamics.
With oil and gas prices jumping sharply following developments in Iran, investors are reassessing inflation risks, interest-rate expectations and the relative vulnerability of the UK and Eurozone economies to higher...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: Oil Shock Sends GBP to 10-Week Lows
3 Mar 2026 at 12 PM - Written by David Woodsmith
STORY LINK Pound to Dollar Forecast: Oil Shock Sends GBP to 10-Week Lows
The Pound to Dollar exchange rate (GBP/USD) slumped to 10-week lows near 1.3315 as a surge in oil prices following US and Israeli strikes on Iran triggered a sharp bout of risk aversion across global markets.
With Brent crude jumping and safe-haven flows boosting the dollar, Sterling came under heavy pressure as investors reassessed Federal Reserve rate-cut expectations amid renewed inflation risks tied to higher energy...
CATEGORIES: Pound Dollar Forecasts
GBP/USD Forecast: Pound Sterling Dips After US-Israel Strikes on Iran
3 Mar 2026 at 7 AM - Written by Frank Davies
STORY LINK GBP/USD Forecast: Pound Sterling Dips After US-Israel Strikes on Iran
The Pound US Dollar (GBP/USD) exchange rate tumbled on Monday, striking its weakest level since mid-December as escalating violence in the Middle East sparked a rush into safe-haven assets.
At the time of writing, GBP/USD was trading at $1.3406, down around 0.5% on the day, having recovered from an earlier trough of $1.3327.
The US Dollar rallied sharply at the start of the week after fresh military action in the Middle...
CATEGORIES: Pound Dollar Forecasts
Pound to Euro Tilts Lower
3 Mar 2026 at 7 AM - Written by David Woodsmith
STORY LINK Pound to Euro Tilts Lower
The Pound to Euro (GBP/EUR) exchange rate struggled to establish a clear direction at the beginning of the week, with heightened geopolitical tensions keeping investors on edge.
At the time of writing, GBP/EUR hovered near €1.1429, showing little movement on Monday’s opening levels.
Sterling faced subdued trading conditions as markets reacted to the growing risk of disruption stemming from intensifying conflict in...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast: 1.18 Stalemate Ahead of Key Jobs Report
2 Mar 2026 at 10 AM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast: 1.18 Stalemate Ahead of Key Jobs Report
The Euro to Dollar exchange rate (EUR/USD) is holding close to 1.18 as investors weigh diverging forecasts on the US dollar’s trajectory into 2026.
While Citi FX expects the pair to fall toward 1.11 as stronger US growth lifts real yields, Danske Bank maintains a bullish EUR/USD outlook, targeting 1.25 over the next 12 months on continued dollar weakness.
With positioning stretched and geopolitics clouding near-term...
CATEGORIES: Pound Dollar Forecasts
Pound to Dollar Forecast: GBP/USD Tests Key Support
2 Mar 2026 at 8 AM - Written by Ben Hughes
STORY LINK Pound to Dollar Forecast: GBP/USD Tests Key Support
The Pound to Dollar exchange rate (GBP/USD) is trading near key technical levels as investors balance shifting Bank of England rate expectations against a resilient US dollar backdrop.
With UK growth concerns and political uncertainty limiting Sterling upside, while firm US data and Federal Reserve policy restraint underpin the greenback, GBP/USD remains vulnerable to sharp moves if either side gains a clearer fundamental...
CATEGORIES: Pound Dollar Forecasts
British Pound to Euro Forecast: Yield Spreads Favour EUR Upside
2 Mar 2026 at 8 AM - Written by David Woodsmith
STORY LINK British Pound to Euro Forecast: Yield Spreads Favour EUR Upside
The Pound to Euro exchange rate (GBP/EUR) has slipped back toward two-month lows near 1.14 as political risks intensify following Labour’s heavy by-election defeat and markets continue to price further Bank of England rate cuts.
While Governor Bailey’s suggestion that March’s decision remains “open” offered brief relief, renewed leadership pressure on Prime Minister Starmer and narrowing UK-Eurozone yield spreads...
CATEGORIES: Pound Euro Forecasts
Pound Sterling Slides Against Euro, Dollar on Labour By-Election Defeat
27 Feb 2026 at 1 PM - Written by Ben Hughes
STORY LINK Pound Sterling Slides Against Euro, Dollar on Labour By-Election Defeat
The pound remained under pressure this week, with EUR/GBP climbing to 0.875.
Political uncertainty intensified after Labour fell to third place in a key by-election.
Prime Minister Keir Starmer is facing renewed scrutiny, with speculation growing that the party may seek new leadership ahead of May’s local elections.
Global markets have been volatile more broadly.
US equities were shaken by Nvidia earnings...
CATEGORIES: Pound Sterling Forecasts
Pound to Euro Forecast: Labour Defeat Weighs on GBP Sterling
27 Feb 2026 at 11 AM - Written by Frank Davies
STORY LINK Pound to Euro Forecast: Labour Defeat Weighs on GBP Sterling
The Pound to Euro exchange rate (GBP/EUR) is trading at 1.14162 (-0.13%), slipping further below the 1.1500 resistance area after the Greens secured victory in the Gorton and Denton by-election, dealing a symbolic blow to the Labour government.
Although UK financial conditions remain supportive, with the FTSE 100 at record highs and 10-year gilt yields near 14-month lows, political uncertainty is preventing Sterling from...
CATEGORIES: Pound Euro Forecasts
Pound Sterling to Dollar Forecast: Political Shock Caps GBP Gains
27 Feb 2026 at 11 AM - Written by David Woodsmith
STORY LINK Pound Sterling to Dollar Forecast: Political Shock Caps GBP Gains
The Pound to Dollar exchange rate (GBP/USD) traded lower on Friday as political fallout from the Greens’ victory in the Gorton and Denton by-election offsets support from buoyant equity markets.
Although the FTSE 100 index posted a fresh record high, Sterling has struggled to sustain upward momentum, with markets reassessing UK political stability and the implications for fiscal and monetary policy.
GBP/USD Forecast:...
CATEGORIES: Pound Dollar Forecasts