Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) came under renewed pressure as escalating Middle East tensions triggered a fresh bout of risk aversion across global markets. Sterling slipped back towards the 1.3400 level as rising oil prices boosted the US Dollar, while investors increasingly focused on the inflationary implications of a prolonged disruption to energy supplies and the potential impact on Federal Reserve...

The Pound to Euro exchange rate (GBP/EUR) pushed back above the 1.1550 level on Monday as Sterling continued to outperform despite a notable scaling back of Bank of England rate-hike expectations. Markets are increasingly betting that policymakers will move cautiously in the face of weakening economic activity, but the Pound has remained supported by relatively high UK yields, lingering inflation concerns and renewed pressure...

The Pound US Dollar (GBP/USD) exchange rate fell on Monday as escalating tensions in the Middle East and stronger-than-expected US data lifted the safe-haven ‘Greenback’. At the time of writing, GBP/USD was trading at $1.3421, down more than 0.2% on the day. The safe-haven US Dollar (USD) strengthened on Monday as a deterioration in market sentiment drove investors towards safer assets. The latest bout of risk...

The Pound to Euro (GBP/EUR) exchange rate moved modestly higher on Monday as investors assessed the latest retail sales figures from Germany. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1555, up approximately 0.2% from the start of the session. The Euro (EUR) struggled to gain momentum at the beginning of the week following the release of Germany’s latest consumer spending...

The Euro to Dollar exchange rate (EUR/USD) recovered from recent lows as hopes for progress in US-Iran negotiations weighed on the US Dollar, but the outlook remains heavily influenced by shifting interest-rate expectations. Investors are increasingly focused on whether rising inflation pressures will force the Federal Reserve to maintain a hawkish stance, potentially limiting further Euro gains. EUR/USD Forecasts:...

The Pound to Dollar exchange rate (GBP/USD) remained on the defensive as investors focused on rising US bond yields, persistent inflation concerns and political uncertainty in the UK. While Sterling found support below the 1.3400 level, markets continue to assess whether higher US yields and a potentially more hawkish Federal Reserve will keep the Dollar in demand through the summer. GBP/USD Forecasts: Yields...

The Pound to Euro exchange rate (GBP/EUR) remains highly sensitive to UK political developments, with investors increasingly focused on the potential implications of the upcoming Makerfield by-election and any subsequent Labour leadership contest. While immediate political tensions have eased, markets continue to assess how a change in leadership could influence fiscal policy, economic growth and Sterling sentiment over...

The Pound to Dollar exchange rate (GBP/USD) rebounded from intraday lows as improving sentiment surrounding US-Iran negotiations weighed on the US Dollar and encouraged investors back into risk-sensitive assets. Hopes that progress could eventually lead to the reopening of the Strait of Hormuz helped curb safe-haven demand for the Greenback, allowing Sterling to recover ground. GBP/USD Forecasts: Rebound from Daily...

The Pound to Euro exchange rate (GBP/EUR) drifted lower towards the 1.1500 area as investors weighed expectations of further European Central Bank tightening against growing doubts over whether the Bank of England will follow a similar path. Falling energy prices have eased some immediate concerns for the Eurozone economy, while UK political uncertainty continues to cast a shadow over Sterling sentiment. GBP/EUR Forecasts:...

The Pound US Dollar (GBP/USD) exchange rate traded in a tight range on Thursday after recovering from an earlier dip during the European session. At the time of writing, GBP/USD was trading at around $1.3424, broadly unchanged from the day’s opening levels. The US Dollar (USD) struggled to hold onto its earlier gains on Thursday following the release of weaker revised growth figures from the United States. According...