Currency News: UK daily forex news and forecasts

The Pound to US Dollar (GBP/USD) exchange rate slipped at the beginning of Monday's session as renewed fighting in the Middle East encouraged demand for the safe-haven US Dollar (USD), although Sterling later recovered part of its initial decline. At the time of writing, GBP/USD was trading at $1.3388 after rebounding from an overnight low of $1.3369. The US Dollar edged higher at the start of the week after fresh...

The Pound to Euro (GBP/EUR) exchange rate came under pressure at the start of the week as renewed geopolitical tensions encouraged investors to reduce exposure to risk-sensitive currencies. At the time of writing, GBP/EUR was trading around €1.1714, down approximately 0.2% from Monday's opening levels. The Pound (GBP) struggled to gain traction on Monday as a more cautious market mood left Sterling on the back...

The Euro to Dollar exchange rate (EUR/USD) has stabilised above the 1.1400 level, but the US Dollar continues to enjoy firm underlying support as investors scale back expectations of a prolonged period of Dollar weakness. Although recent geopolitical tensions have boosted demand for safe-haven assets, markets remain primarily focused on the resilience of the US economy and whether the Federal Reserve will ultimately need...

The Pound to Euro exchange rate (GBP/EUR) has climbed to fresh 12-month highs above 1.1740 as Sterling continues to benefit from strong yield support, subdued market volatility and the unwinding of long-held bearish positions. With Andy Burnham expected to be confirmed as Prime Minister later this month, investors are increasingly turning their attention from the leadership transition itself to the composition of the new...

The Pound to Dollar exchange rate (GBP/USD) has held close to three-week highs near 1.3450 as investors continued to welcome signs of political stability following Andy Burnham's unopposed path to the Labour leadership. While Sterling has benefited from easing political uncertainty and a squeeze in bearish positions, analysts remain divided over whether the rally can continue against a Dollar supported by resilient US...

The Pound to Dollar exchange rate (GBP/USD) slipped back from 20-day highs near 1.3400 as renewed Middle East tensions encouraged investors to rotate back into the US Dollar. Despite the pullback, Sterling remained relatively resilient, with markets continuing to favour the Pound on improving UK sentiment while awaiting fresh clues on the Federal Reserve's policy outlook. GBP/USD Forecasts: 3-Week Highs The Pound to...

The Pound to Dollar exchange rate (GBP/USD) slipped back from 20-day highs near 1.3400 as renewed Middle East tensions encouraged investors to rotate back into the US Dollar. Despite the pullback, Sterling remained relatively resilient, with markets continuing to favour the Pound on improving UK sentiment while awaiting fresh clues on the Federal Reserve's policy outlook. GBP/USD Forecasts: Retreat from 20-Day...

The Pound to Euro exchange rate (GBP/EUR) eased back after reaching a 12-month high near 1.1720, as renewed geopolitical tensions prompted investors to trim some recent Sterling gains. Despite the pullback, underlying demand for the Pound has remained firm, with investors continuing to unwind bearish positions while awaiting further clarity on the economic policies of an expected Andy Burnham government. GBP/EUR Forecasts:...

The Pound Euro (GBP/EUR) exchange rate climbed to a new one-year high on Wednesday, despite a quiet session with no major data releases from either the UK or the Eurozone. At the time of writing, GBP/EUR was trading around €1.1716, edging slightly higher on the day and remaining close to its strongest levels in more than 12 months. The Pound (GBP) traded without a firm direction on Wednesday, with an empty UK economic...

The Pound US Dollar (GBP/USD) exchange rate ticked downwards on Wednesday, with escalating tensions in the Middle East prompting a risk-off market mood. At the time of writing, GBP/USD was holding around $1.3339, down marginally on the day. The US Dollar (USD) enjoyed modest gains on Wednesday as tensions in the Middle East continued to intensify. Earlier in the week, shipping vessels came under fire in the Strait of...