Currency News: UK daily forex news and forecasts

The Pound US Dollar (GBP/USD) exchange rate moved higher on Tuesday as improving market sentiment reduced demand for the safe-haven US Dollar. At the time of writing, GBP/USD was trading at approximately $1.3387, up around 0.4% compared with Tuesday’s opening levels. The US Dollar (USD) came under pressure on Tuesday after comments from US President Donald Trump fuelled expectations that a diplomatic agreement with...

The Pound Euro (GBP/EUR) exchange rate strengthened on Tuesday, as hopes of de-escalation in the Middle East helped revive market risk appetite. At the time of writing, GBP/EUR was trading at €1.1580, up almost 0.2% on the day. The Pound (GBP) gained ground against its safe-haven rivals on Tuesday, as a recovery in risk appetite offered Sterling fresh support. Markets had opened the week on a cautious footing after...

The Pound to Euro exchange rate (GBP/EUR) continues to show notable resilience, holding above the 1.1550 level despite fading Bank of England rate-hike expectations and a cautious global market backdrop. Investors are now turning their attention to this week's European Central Bank decision, which could provide the next major test for Sterling after several weeks of surprisingly robust performance. GBP/EUR...

The Pound to Dollar exchange rate (GBP/USD) fell to fresh three-week lows as a powerful combination of rising geopolitical tensions, weaker investor risk appetite and growing expectations of higher US interest rates boosted demand for the US Dollar. With markets increasingly pricing in the possibility of Federal Reserve rate hikes later this year, Sterling remains under pressure despite showing signs of resilience around...

The Pound to Euro (GBP/EUR) exchange rate struggled to find clear direction at the beginning of the week as investors assessed the latest economic figures from Germany. At the time of writing, the GBP/EUR exchange rate was trading at approximately €1.1575, little changed from Monday’s opening levels. The Euro (EUR) traded without conviction on Monday following the release of Germany’s latest factory orders report,...

The Pound US Dollar (GBP/USD) exchange rate touched a three-week low on Monday, as renewed violence in the Middle East triggered a cautious market mood. At the time of writing, GBP/USD was trading at $1.3344, having recovered from a three-week low of $1.3306. The US Dollar (USD) strengthened at the beginning of the week as renewed conflict in the Middle East drove investors towards safer assets. Over the weekend, Iran...

The Euro to Dollar exchange rate (EUR/USD) remains under pressure after stronger-than-expected US economic data reinforced expectations that the Federal Reserve may need to keep interest rates higher for longer. With US inflation risks still building and the European Central Bank preparing to raise rates this week, investors are weighing whether the dollar's recent strength has further to run. EUR/USD Forecasts: US...

The Pound to Dollar exchange rate (GBP/USD) remains under pressure after stronger-than-expected US employment data reinforced expectations that the Federal Reserve could keep interest rates higher for longer. With markets increasingly debating whether the next Fed move could be a hike rather than a cut, the dollar has regained momentum and pushed GBP/USD back towards the lower end of its recent trading range. GBP/USD...

The Pound to Euro exchange rate (GBP/EUR) held close to 1.1570 during the week as investors balanced UK political uncertainty against growing expectations of another European Central Bank interest rate increase. With the ECB widely expected to raise rates this week and attention increasingly turning towards the June 18 Makerfield by-election, markets face a crucial test for both Sterling and the Euro. GBP/EUR Forecasts:...

The Pound to Dollar exchange rate (GBP/USD) dropped sharply to 1.3375, down around 0.35% on the day, after the latest US labour market report comfortably exceeded expectations. US non-farm payrolls rose by 172,000 in May, more than double consensus forecasts of 85,000, while unemployment held steady at 4.3%, reinforcing expectations that the Federal Reserve will maintain a hawkish stance and providing broad support for the...