Currency News: UK daily forex news and forecasts

The Pound to Euro exchange rate (GBP/EUR) recovered from two-week lows below 1.1650, but Sterling has struggled to regain the important 1.1700 level as resilient economic data on both sides of the Channel limits directional momentum. Stronger UK business activity has provided support, while improving Eurozone growth, substantial capital inflows and expectations of further ECB tightening have helped the Euro resist renewed...

The Pound to Dollar exchange rate (GBP/USD) surged to a six-month high of 1.3675 as persistent concerns over US Treasury intervention and the outlook for long-term bond yields kept the Dollar under heavy pressure. Stronger-than-expected UK services data added to Sterling support, although the pair surrendered part of its advance after breaking above the May highs. GBP/USD Forecasts: Six-Month High The Pound to Dollar...

The Pound to Euro (GBP/EUR) exchange rate recovered some ground on Thursday, following the losses seen in the previous session. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1673, up roughly 0.2% from Thursday’s opening levels. The Euro (EUR) came under pressure on Thursday as another rise in energy prices fuelled concerns about the effect of higher costs on businesses across the...

The Pound to Dollar exchange rate (GBP/USD) has surged to fresh three-month highs above 1.3630 as the US Dollar came under sustained pressure following Treasury action to calm the bond market. A sharp initial retreat in long-term US yields undermined Dollar demand and propelled Sterling through 1.36, putting the May high around 1.3660 firmly within reach. GBP/USD Forecasts: Three-Month Highs The Dollar came under...

The Pound to Euro (GBP/EUR) exchange rate recovered some of Wednesday's losses on Thursday, although the pair remained comfortably below the 1.1700 level. GBP/EUR traded around 1.1669 during the afternoon session, up around 0.2% on the day after falling to the 1.1650 area on Wednesday. The latest UK inflation figures had little immediate impact on Sterling, with markets continuing to assess the balance between...

The Pound to Dollar (GBP/USD) exchange rate surged through the 1.3600 level on Wednesday as a sharp reversal in US bond yields triggered renewed selling pressure on the Dollar. GBP/USD traded around 1.3606 during the evening session, up more than 0.5% on the day and above the previous August high around 1.3570. The move came after the US Treasury announced plans to double its buybacks of longer-dated government debt,...

The Pound to Euro (GBP/EUR) exchange rate came under sustained pressure on Wednesday and fell towards the 1.1650 area despite a rise in UK headline inflation. GBP/EUR traded around 1.1652 during the evening session, down approximately 0.36% on the day and at its weakest levels of August. The decline has effectively brought the pair to ING's 1.1650 downside target. Sterling received little lasting support from the...

The Pound US Dollar (GBP/USD) exchange rate moved modestly lower on Tuesday as renewed uncertainty in the Middle East encouraged investors to seek the safety of the US Dollar. At the time of writing, GBP/USD was trading at around $1.3527, slightly below Tuesday’s opening levels. The US Dollar (USD) strengthened on Tuesday, building on the recovery it began late on Monday as worsening geopolitical sentiment prompted...

The Pound to Euro (GBP/EUR) exchange rate edged lower on Tuesday after the latest UK labour market figures pointed to a loss of momentum in employment. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1688, down modestly from Tuesday's opening levels. The Pound (GBP) struggled on Tuesday as the latest UK employment figures raised fresh concerns about the health of the domestic labour...

The Pound to Euro (GBP/EUR) exchange rate lost ground on Tuesday after the latest UK labour-market data reinforced evidence that employment conditions are cooling. GBP/EUR traded around 1.1684 during the European session, down approximately 0.1% on the day after failing to hold above 1.1700. According to ING; “We are still hanging on to slightly negative sterling views, even though M&A inflows may be providing...