Currency News: UK daily forex news and forecasts

The Euro currency rallied against the US Dollar and the Pound Sterling on Thursday as markets digested the publication of US President Donald Trump’s world-wide tariff announcement. At the time of writing, the Pound Euro (GBP/EUR) exchange rate was trading at around €1.18856, 0.65% lower on Thursday's opening levels. The Euro (EUR) gained strength against several major currencies following US President Donald...

At the time of writing, Pound US Dollar (GBP/USD) exchange rate was trading at $1.3148 – its highest level since October 2024 and up 1.3% from Wednesday. The US Dollar (USD) suffered a sharp decline on Wednesday evening and into Thursday’s session after US President Donald Trump introduced sweeping new tariffs. On what he declared ‘liberation day’, Trump announced a blanket 10% tariff on all imported goods,...

The Euro (EUR) rallied sharply against the US Dollar on Thursday after President Trump’s imposition of tariffs increased fears over the US and global economy and sparked increased recession talk. Danske Bank commented; “The new tariffs were generally stronger and broader than we and markets expected, and sent shockwaves through global markets amid worries that the aggressive duties will slow growth, hit corporate...

President Trump’s announcement of reciprocal tariffs with heavy punishment against China, Japan and the EU, triggered a slump in risk appetite as markets attempt to digest huge implications. According to Rabobank; “The US raised its weighted-average tariff to 29%, the highest in over 100 years, and above the Smoot-Hawley tariffs of the 1930s.” It added; “That’s staggering, not just for the US, or inflation or...

President Trump’s announcement of reciprocal tariffs with heavy punishment against China, Japan and the EU, triggered a slump in risk appetite. The dollar also came under heavy pressure amid fears over the US economy and failed to gain defensive support. The Pound to Dollar (GBP/USD) exchange rate posted strong gains to 5-month highs just below 1.3100. The Euro was resilient and the Pound to Euro (GBP/EUR) exchange...

The Pound US Dollar exchange rate rallied on Thursday after markets digested President Trump's slew of global trade tariffs. At the time of writing, GBP/USD was trading at approximately $1.3115, 0.86% higher on the day. US Dollar (USD) Dented as Markets await Tariffs The GBP/USD pair traded sideways on Wednesday as markets awaited US President Donald Trump’s tariff announcement. On Wednesday, the US Dollar (USD)...

The Pound to Euro (GBP/EUR) exchange rate fell back overnight, after markets reacted to the April 2 US Tariffs. At the time of writing, GBP/EUR traded at 1.1951, a 0.41% decline on the daily opening levels. GBPEUR had struggled for momentum on Wednesday as investors exercised caution ahead of US President Donald Trump’s impending tariff announcement. The Euro (EUR) found little support on Wednesday as traders...

ING: Euro to Take a Larger Trade Hit, GBP/EUR To Move Above 1.2050 The Pound to Euro (GBP/EUR) exchange rate has made headway over the past 24 hours, but without breaking above the 1.2000 level and traded around 1.1965 on so-called “Liberation Day.” ING expects trade developments will continue to dominate in the short term with President Trump’s tariff announcement due just after the New York close, although leaks...

The RBA paused its easing cycle and need to see more evidence of inflation stable around 2.5%. This may come sooner than later and Westpac expect a cut in May. Meanwhile, easing EU inflation opens the door to an ECB cut in April. Monday’s session ended Q1 on a positive note as US stock markets managed to recover from a drop to new 6-month lows to close in the green. However, that didn’t change the complexion of...

The GBP to Euro exchange rate has stabilised above 1.1950 and unable to break above the 1.2000 level even with the Euro area facing major challenges over trade, inflation, defence policy and political direction. Bank of America is still backing gains to 1.2200 by the end of June. Goldman Sachs expects a smaller advance to 1.2050. The Euro area also faces increased political uncertainty, especially in France, but EUR/USD...