Currency News: UK daily forex news and forecasts

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...

The Pound to Euro exchange rate (GBP/EUR) attempted to stabilise after plunging to eight-week lows near 1.1425, as a much stronger-than-expected 1.8% surge in UK retail sales (vs 0.2% forecast) helped cushion Sterling’s slide. The upside consumer surprise suggests underlying demand remains resilient despite soft labour market data and cooling inflation, complicating expectations of aggressive Bank of England easing. While...

The Pound to Dollar exchange rate (GBP/USD) has broken below the critical 1.3500 support level after stronger US data and Federal Reserve minutes boosted the dollar across global markets. Sterling’s retreat to four-week lows near 1.3450 reflects narrowing UK-US yield spreads and earlier weak labour-market data, although a much stronger-than-expected 1.8% surge in UK retail sales (vs 0.2% forecast) has helped stabilise...

The Pound to Euro (GBP/EUR) exchange rate moved within a limited range on Thursday as investors weighed expectations for imminent interest rate reductions in the UK. At the time of writing, GBP/EUR hovered near €1.1439, little changed compared with levels seen at the opening of the European session. The Pound struggled to find traction as financial markets grew increasingly convinced that the Bank of England will begin...

The Pound US Dollar (GBP/USD) exchange rate was rangebound on Thursday morning after falling to its lowest level in roughly three weeks during the previous session. At the time of writing, GBP/USD was trading close to $1.3486, showing minimal movement from Thursday’s opening levels. The US Dollar traded unevenly through Thursday’s European session as investors continued analysing the minutes from the Federal...