Currency News: UK daily forex news and forecasts

The Pound to Dollar exchange rate (GBP/USD) rebounded from intraday lows as improving sentiment surrounding US-Iran negotiations weighed on the US Dollar and encouraged investors back into risk-sensitive assets. Hopes that progress could eventually lead to the reopening of the Strait of Hormuz helped curb safe-haven demand for the Greenback, allowing Sterling to recover ground. GBP/USD Forecasts: Rebound from Daily...

The Pound to Euro exchange rate (GBP/EUR) drifted lower towards the 1.1500 area as investors weighed expectations of further European Central Bank tightening against growing doubts over whether the Bank of England will follow a similar path. Falling energy prices have eased some immediate concerns for the Eurozone economy, while UK political uncertainty continues to cast a shadow over Sterling sentiment. GBP/EUR Forecasts:...

The Pound US Dollar (GBP/USD) exchange rate traded in a tight range on Thursday after recovering from an earlier dip during the European session. At the time of writing, GBP/USD was trading at around $1.3424, broadly unchanged from the day’s opening levels. The US Dollar (USD) struggled to hold onto its earlier gains on Thursday following the release of weaker revised growth figures from the United States. According...

The Pound Euro (GBP/EUR) exchange rate remained on the back foot on Thursday, as Sterling struggled to hold its ground against the single currency. At the time of writing, GBP/EUR was trading at €1.1530, having earlier slipped to a nine-day low of €1.1529. The Euro (EUR) found support on Thursday after the latest Eurozone data painted a slightly brighter picture of the bloc’s economic outlook. May’s economic...

The Pound to Dollar exchange rate (GBP/USD) drifted lower as Sterling struggled to find fresh support amid mounting concerns over higher UK energy costs, political uncertainty and a more cautious outlook for Bank of England policy. At the same time, the US Dollar continued to benefit from resilient Treasury yields and growing expectations that the Federal Reserve may need to maintain a hawkish stance for longer. GBP/USD...

The Pound to Euro exchange rate (GBP/EUR) edged lower after failing to sustain gains above the 1.1600 level, with investors increasingly concerned that rising energy costs will weigh on UK growth and consumer spending in the months ahead. Markets are also reassessing how aggressively the Bank of England and European Central Bank can tighten monetary policy as inflation risks clash with slowing economic momentum. GBP/EUR...

The Pound US Dollar (GBP/USD) exchange rate traded without clear direction on Wednesday as investors reacted to fresh optimism surrounding negotiations between the US and Iran. At the time of writing, GBP/USD was trading at around $1.3442, little changed from the start of the session. The US Dollar (USD) struggled to gain momentum on Wednesday as improving market sentiment reduced demand for safer assets. Investor...

The Pound Euro (GBP/EUR) exchange rate softened on Wednesday as changing central bank bets worked in favour of the single currency. At the time of writing, GBP/EUR was trading at €1.1544, after striking a one-week low earlier in the session. The Euro (EUR) strengthened on Wednesday as investors continued to price in further interest rate increases from the European Central Bank (ECB). The latest ECB Financial...

The Pound to Euro exchange rate (GBP/EUR) strengthened back towards the 1.1600 level as investors scaled back expectations for aggressive European Central Bank rate hikes and confidence in the Euro weakened. Sterling also drew support from steady risk appetite and calmer UK bond-market conditions despite lingering political uncertainty surrounding Prime Minister Keir Starmer GBP/EUR Forecasts: Re-tests 1.16 The Pound to...

The Pound to Dollar exchange rate (GBP/USD) pushed to fresh 10-day highs above 1.3500 as improving risk sentiment and hopes for progress in US-Iran negotiations weighed on the US Dollar. However, Sterling struggled to hold gains as investors remained cautious over geopolitical risks, elevated US yields and the prospect of a less dovish Federal Reserve. GBP/USD Forecasts: Retreats from 10-day highs As UK and US markets...