Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate (GBP/EUR) briefly challenged the 1.16 level before slipping back towards 1.1580 after the European Central Bank delivered a widely expected 25 basis-point rate hike. While the Euro initially drew support from the move, policymakers signalled that further tightening remains firmly on the table, reinforcing expectations that interest rates could rise again as soon as July and limiting...

The Pound to Dollar exchange rate (GBP/USD) has continued to show resilience, holding around the 1.3400 level despite a stronger US inflation backdrop and persistent expectations that the Federal Reserve could keep policy tighter for longer. While the dollar remains supported by rising real yields, Sterling has so far resisted a deeper correction, leaving markets questioning whether the recent recovery can extend...

The Pound US Dollar (GBP/USD) exchange rate advanced on Wednesday, even after the latest US inflation figures showed price pressures continued to build. At the time of writing, GBP/USD was trading near $1.3401, up approximately 0.2% from the start of the session. The US Dollar (USD) struggled to attract meaningful support on Wednesday as investors assessed the latest US consumer inflation data. Figures released by the...

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday, as limited economic data and caution ahead of the European Central Bank’s (ECB) latest policy decision kept the pairing subdued. At the time of writing, GBP/EUR was trading at €1.1583, slightly below Tuesday evening’s two-week high of €1.1590. The Pound (GBP) struggled to find a firm footing on Wednesday, with a lack of major UK...

The Pound to Euro exchange rate (GBP/EUR) has edged back towards the 1.16 level as Sterling continues to prove surprisingly resilient despite expectations that the European Central Bank will raise interest rates this week. Investors remain cautious over the Eurozone growth outlook, while signs that the UK economy may be weathering the energy shock better than feared have helped limit downside pressure on the Pound. GBP/EUR...

The Pound to Dollar exchange rate (GBP/USD) has bounced from support near 1.3300, helped by a softer-than-expected US core inflation reading which eased immediate concerns that rising energy costs are feeding into broader price pressures. While the dollar surrendered some recent gains, markets remain cautious ahead of next week's Federal Reserve meeting, leaving Sterling vulnerable if expectations for higher US interest...

The Pound US Dollar (GBP/USD) exchange rate moved higher on Tuesday as improving market sentiment reduced demand for the safe-haven US Dollar. At the time of writing, GBP/USD was trading at approximately $1.3387, up around 0.4% compared with Tuesday’s opening levels. The US Dollar (USD) came under pressure on Tuesday after comments from US President Donald Trump fuelled expectations that a diplomatic agreement with...

The Pound Euro (GBP/EUR) exchange rate strengthened on Tuesday, as hopes of de-escalation in the Middle East helped revive market risk appetite. At the time of writing, GBP/EUR was trading at €1.1580, up almost 0.2% on the day. The Pound (GBP) gained ground against its safe-haven rivals on Tuesday, as a recovery in risk appetite offered Sterling fresh support. Markets had opened the week on a cautious footing after...

The Pound to Euro exchange rate (GBP/EUR) continues to show notable resilience, holding above the 1.1550 level despite fading Bank of England rate-hike expectations and a cautious global market backdrop. Investors are now turning their attention to this week's European Central Bank decision, which could provide the next major test for Sterling after several weeks of surprisingly robust performance. GBP/EUR...

The Pound to Dollar exchange rate (GBP/USD) fell to fresh three-week lows as a powerful combination of rising geopolitical tensions, weaker investor risk appetite and growing expectations of higher US interest rates boosted demand for the US Dollar. With markets increasingly pricing in the possibility of Federal Reserve rate hikes later this year, Sterling remains under pressure despite showing signs of resilience around...