Currency News: UK daily forex news and forecasts
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Pound-to-Euro Rises as Burnham Takes Office
20 Jul 2026 at 8 PM - Written by Ben Hughes
STORY LINK Pound-to-Euro Rises as Burnham Takes Office
The Pound to Euro (GBP/EUR) exchange rate traded higher at the start of the week as investors reacted to Andy Burnham formally taking office as the UK's new Prime Minister.
At the time of writing, GBP/EUR was changing hands at around €1.1777, up roughly 0.2% from Monday's opening levels.
The Pound (GBP) opened the week on a positive footing as investors welcomed the prospect of greater political certainty...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Price Forecast: EUR Demand on Dips as USD Strength Faces Challenge
20 Jul 2026 at 10 AM - Written by David Woodsmith
STORY LINK Euro to Dollar Price Forecast: EUR Demand on Dips as USD Strength Faces Challenge
The Euro to Dollar exchange rate (EUR/USD) remained supported above the 1.1400 level as investors continued to buy dips despite conflicting views over the outlook for US interest rates.
While some banks expect stronger US growth and a more hawkish Federal Reserve to support the Dollar, others argue that slowing inflation and a weakening labour market will eventually limit further gains.
EUR/USD Forecasts: Demand on...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Week-Ahead Forecast: Chancellor Choice Key After GBP Hits 13-Month High
20 Jul 2026 at 7 AM - Written by James Fuller
STORY LINK Pound to Euro Week-Ahead Forecast: Chancellor Choice Key After GBP Hits 13-Month High
The Pound to Euro exchange rate (GBP/EUR) has eased from 13-month highs near 1.1820 but remains firmly supported as markets continue to assess the implications of Andy Burnham's incoming government.
Expectations that Shabana Mahmood will become Chancellor have reassured investors concerned about fiscal policy, although the final cabinet appointments and Bank of England outlook remain crucial for Sterling's next...
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Forecast: Sterling Gains but BoE, Fed Divergence Looms
20 Jul 2026 at 7 AM - Written by Ben Hughes
STORY LINK Pound to Dollar Forecast: Sterling Gains but BoE, Fed Divergence Looms
The Pound to Dollar exchange rate (GBP/USD) has entered a new political era after surging to two-month highs above 1.3550 before easing back towards 1.3450.
With Andy Burnham set to become Prime Minister on July 20th, markets are closely watching Cabinet appointments, particularly the choice of Chancellor, as investors assess whether the new government can sustain the recent improvement in Sterling sentiment.
GBP/USD...
CATEGORIES: Pound Dollar Forecasts
British Pound: Sterling Rallies on Sentiment Boost, GBP/USD Hits Two-Month Highs
19 Jul 2026 at 8 PM - Written by David Woodsmith
STORY LINK British Pound: Sterling Rallies on Sentiment Boost, GBP/USD Hits Two-Month Highs
The British Pound has benefited from a significant improvement in sentiment this week, while the US Dollar has struggled to gain traction as expectations for Federal Reserve policy have shifted.
The Pound to Dollar exchange rate (GBP/USD) surged to two-month highs near 1.3550 before correcting back towards 1.3500 as markets digested the sharp move higher.
The Pound’s rally was initially driven by reports that Home...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Hits 13-Month Best Exchange Rate for Buyers
19 Jul 2026 at 8 PM - Written by Frank Davies
STORY LINK Pound-to-Euro Hits 13-Month Best Exchange Rate for Buyers
The British Pound posted strong gains against the Euro this week as markets welcomed reports that incoming Prime Minister Andy Burnham is expected to appoint Shabana Mahmood as Chancellor of the Exchequer.
Pound Sterling also benefited from another strong round of short covering, while the Euro was pressured by higher European gas prices and renewed concerns over the region’s energy outlook.
The Pound-to-Euro exchange...
CATEGORIES: Pound Euro Forecasts
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