Currency News: UK daily forex news and forecasts

The Pound to US Dollar (GBP/USD) exchange rate traded without clear momentum on Tuesday after remarks from Bank of England Governor Andrew Bailey struck a notably cautious tone during parliamentary testimony. At the time of writing, GBP/USD hovered near $1.3498, broadly unchanged from the start of the European session. Sterling weakened against several major counterparts as investors assessed comments delivered by Andrew...

The Pound Euro (GBP/EUR) exchange rate seesawed on Tuesday as renewed trade tensions unsettled investors. At the time of writing, GBP/EUR was trading at €1.1443, after swinging in a narrow but uneasy range from Monday evening into Tuesday’s European session. The Pound wavered after fresh trade jitters unsettled investors. US President Donald Trump’s newly implemented 10% global tariff came into force, prompting...

The Pound to Euro exchange rate (GBP/EUR) is hovering near two-month lows around 1.1450 as markets brace for a potentially volatile week driven by Bank of England commentary and a high-profile by-election. With rate-cut expectations building ahead of March and political uncertainty centred on the Gorton and Denton vote, Sterling faces twin domestic risks that could trigger a decisive break lower - or prompt short covering...

The Pound to Dollar exchange rate (GBP/USD) has regained the 1.3500 level as renewed US trade policy uncertainty weighs on the dollar following a Supreme Court ruling against President Trump’s tariff regime. After initial volatility triggered by weaker US GDP data and confusion over the administration’s next steps on tariffs, the greenback has struggled to maintain momentum, allowing Sterling to recover from recent lows...

The Pound to Euro (GBP/EUR) exchange rate traded without clear direction on Monday as investors assessed Germany’s latest business sentiment figures alongside uncertainty surrounding fresh US trade measures announced by US President Donald Trump. At the time of writing, GBP/EUR was hovering close to €1.1449, broadly in line with levels recorded at the beginning of the session. The Euro struggled to establish firm...

The Pound to US Dollar (GBP/USD) exchange rate found a modest footing at the start of the week, with USD being dented by US trade policy uncertainty. At the time of writing, GBP/USD hovered close to $1.3480, unchanged from the session’s opening levels. The US Dollar was muted at the start of this week as investors grappled with fresh uncertainty linked to US tariff strategy. This follows the US Supreme Court ruling...

The Pound to Euro exchange rate (GBP/EUR) remains under pressure as UK political risks return to centre stage ahead of a crucial by-election, compounding expectations of further Bank of England rate cuts. After sliding to eight-week lows below 1.1430 earlier in the week, Sterling has struggled to regain firm footing despite stronger-than-expected retail sales data, with markets increasingly focused on narrowing UK-Eurozone...

The Euro to Dollar exchange rate (EUR/USD) held firm near 1.18 after volatile trading triggered by a US Supreme Court ruling that struck down President Trump’s proposed reciprocal tariffs. While the dollar initially drew support from geopolitical tensions and firmer oil prices, the legal setback to tariff policy has complicated the outlook for US trade strategy and added to broader structural concerns weighing on the...

The Pound to Dollar exchange rate (GBP/USD) is attempting to stabilise above 1.35 after a volatile week that exposed vulnerabilities in both the UK and US outlooks. Weak UK labour-market data and softer inflation initially dragged Sterling to four-week lows below 1.3450, but stronger retail sales and easing US dollar momentum helped limit deeper losses. With markets pricing further Bank of England rate cuts while also...

The Pound to Dollar (GBP/USD) exchange rate dipped below the 1.3500 support area on Thursday with 4-week lows below 1.3450 amid dollar gains. Strong data boosted the Pound globally, but GBP/USD gains were held to around 1.3475. GBP/USD will need to regain 1.35 to secure a more favourable outlook. The dollar was underpinned by a scaling back of expectations surrounding US rate cuts as Fed Governor Miran adopted a less...