Currency News: UK daily forex news and forecasts
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Pound Sterling Forecast: Profit-Taking Follows Mahmood-Fuelled Sterling Rally
16 Jul 2026 at 9 PM - Written by James Fuller
STORY LINK Pound Sterling Forecast: Profit-Taking Follows Mahmood-Fuelled Sterling Rally
The Pound US Dollar (GBP/USD) exchange rate moved lower on Thursday after the escalating conflict between the US and Iran prompted investors to pull back from riskier assets.
At the time of writing, GBP/USD was trading at $1.3499, down around 0.3% on the day.
The US Dollar (USD) traded higher on Thursday, benefiting from renewed demand for safe-haven assets as the conflict in the Middle East intensified.
Market...
CATEGORIES: Pound Dollar Forecasts
Strong GDP Keeps Pound Sterling Near Annual Highs Against the Euro
16 Jul 2026 at 9 PM - Written by David Woodsmith
STORY LINK Strong GDP Keeps Pound Sterling Near Annual Highs Against the Euro
The Pound to Euro (GBP/EUR) exchange rate traded close to its highest level in more than a year on Thursday as investors assessed the UK's latest economic growth figures.
At the time of writing, GBP/EUR was changing hands at around €1.1791, almost unchanged from the opening levels of Thursday's session.
The Pound (GBP) traded in a relatively tight range on Thursday, with stronger-than-expected UK GDP data...
CATEGORIES: Pound Euro Forecasts
British Pound to Euro Forecast: UK Growth, Mahmood Hopes Keep GBP Near Best
16 Jul 2026 at 5 PM - Written by Frank Davies
STORY LINK British Pound to Euro Forecast: UK Growth, Mahmood Hopes Keep GBP Near Best
The Pound to Euro exchange rate (GBP/EUR) held close to 12-month highs above 1.1700 after stronger UK economic data and growing confidence in the incoming Burnham administration boosted Sterling.
A modest rebound in UK GDP, combined with reports that Andy Burnham is set to appoint the fiscally cautious Shabana Mahmood as Chancellor, helped reassure investors that fiscal discipline will remain a priority.
GBP/EUR...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: GBP Tests 1.34 as Mixed US Economic Data Clouds Fed Outlook
16 Jul 2026 at 5 PM - Written by James Fuller
STORY LINK Pound to Dollar Forecast: GBP Tests 1.34 as Mixed US Economic Data Clouds Fed Outlook
The Pound to Dollar exchange rate (GBP/USD) rebounded towards the 1.3400 level after a mixed batch of US economic data failed to extend the US Dollar's recent gains.
Headline US retail sales rose 0.2% in June, matching expectations, while the closely watched control group increased a stronger-than-expected 0.5%, pointing to resilient underlying consumer demand. However, core retail sales excluding autos unexpectedly...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Flat Ahead of Key UK Growth Figures
15 Jul 2026 at 8 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Flat Ahead of Key UK Growth Figures
The Pound Euro (GBP/EUR) exchange rate moved sideways on Wednesday, with Sterling unable to make meaningful gains against the single currency despite disappointing Eurozone economic data.
At the time of writing, GBP/EUR was trading at €1.1725, showing little change from the start of the day.
The Pound (GBP) lacked firm direction during Wednesday's session as the absence of fresh UK economic data provided little...
CATEGORIES: Pound Euro Forecasts
Pound Sterling Forecast: UK GDP, US Retail Sales in Focus for GBP/USD
15 Jul 2026 at 8 PM - Written by David Woodsmith
STORY LINK Pound Sterling Forecast: UK GDP, US Retail Sales in Focus for GBP/USD
The Pound to US Dollar (GBP/USD) exchange rate continued to edge higher on Wednesday, building on the previous session's rally as investors further pared back expectations for additional Federal Reserve policy tightening.
At the time of writing, GBP/USD was trading at around $1.3401, unchanged from Wednesday's opening levels.
The US Dollar (USD) remained muted through Wednesday's European session as...
CATEGORIES: Pound Dollar Forecasts
British Pound to Euro Forecast: Rising Gilt Yields Weigh on GBP
15 Jul 2026 at 3 PM - Written by James Fuller
STORY LINK British Pound to Euro Forecast: Rising Gilt Yields Weigh on GBP
The Pound to Euro exchange rate (GBP/EUR) slipped back as UK government bond yields climbed above the 5.00% mark, reviving concerns that higher borrowing costs could eventually outweigh the Pound's yield advantage.
While elevated yields can support Sterling by attracting investors, markets are becoming increasingly wary that rising financing costs could reignite questions over the UK's fiscal outlook ahead of...
CATEGORIES: Pound Euro Forecasts
Pound-to-Dollar Forecast: Weaker US Inflation Cuts Fed Rate Hike Bets
15 Jul 2026 at 3 PM - Written by David Woodsmith
STORY LINK Pound-to-Dollar Forecast: Weaker US Inflation Cuts Fed Rate Hike Bets
The Pound to Dollar exchange rate (GBP/USD) climbed back above 1.3400 after softer-than-expected US inflation data prompted investors to scale back expectations of further Federal Reserve rate hikes.
Although geopolitical tensions in the Middle East continue to underpin the Dollar, the benign inflation report triggered a sharp fall in US Treasury yields and allowed Sterling to recover from earlier losses.
GBP/USD...
CATEGORIES: Pound Dollar Forecasts
GBP/USD Price Forecast: Pound Sterling Surges vs Dollar after US Inflation Miss
14 Jul 2026 at 9 PM - Written by David Woodsmith
STORY LINK GBP/USD Price Forecast: Pound Sterling Surges vs Dollar after US Inflation Miss
The Pound to US Dollar (GBP/USD) exchange rate advanced strongly on Tuesday after softer US inflation figures prompted investors to scale back expectations for further Federal Reserve interest rate hikes.
At the time of writing, GBP/USD was trading around $1.3416, up approximately 0.5% from the opening levels of Tuesday's session.
The US Dollar (USD) came under broad selling pressure on Tuesday following the...
CATEGORIES: Pound Dollar Forecasts
Pound Euro Holds Firm
14 Jul 2026 at 8 PM - Written by James Fuller
STORY LINK Pound Euro Holds Firm
The Pound Euro (GBP/EUR) exchange rate remained resilient on Tuesday, despite warnings from Bank of England (BoE) Governor Andrew Bailey over the UK’s sluggish economic growth.
At the time of writing, GBP/EUR was trading at €1.1731, sitting marginally higher across the day.
The Pound (GBP) was subdued on Tuesday as a range of competing influences left Sterling lacking a clear trend.
The currency came under some...
CATEGORIES: Pound Euro Forecasts