Currency News: UK daily forex news and forecasts

The Pound US Dollar (GBP/USD) exchange rate reached a 30-month peak on Thursday, driven by the Federal Reserve’s dovish interest rate decision. At the time of writing, GBP/USD is trading at approximately $1.3288, marking a 0.6% increase for the day. US Dollar (USD) Plunges following Jumbo Fed Rate Cut The US Dollar (USD) came under selling pressure on Thursday following the Federal Reserve's interest rate decision...

The Pound Euro (GBP/EUR) exchange rate firmed on Thursday following the Bank of England’s (BoE) latest interest rate decision. At the time of writing, the GBP/EUR was trading at around €1.1903, up roughly 0.2% from Thursday’s opening levels. The Pound (GBP) strengthened against most of its peers on Thursday following the Bank of England's latest interest rate decision. The central bank kept rates unchanged at...

The British Pound (GBP) posted gains after the latest UK inflation data with a Bank of England rate cuts seen as even less likely this week. The Pound to Dollar (GBP/USD) exchange rate touched 1.3200 from 1.3160. The Federal Reserve will cut rates today, although the size of the cut is still uncertain and there will be high volatility later in the session. According to ING; “The pound is trading on the front foot...

The Pound US Dollar (GBP/USD) exchange ticked up on Wednesday following the publication of the UK’s latest inflation data. At the time of writing, GBP/USD was trading at approximately $1.3214 up roughly 0.4% from the start of Wednesday’s session. The pound (GBP) strengthened against most of its rivals on Wednesday, bolstered by the UK's latest inflation report. The Office for National Statistics (ONS) revealed...

The Pound to Euro (GBP/EUR) exchange rate rebounded on Wednesday, as markets digested the UK’s latest consumer price index. At the time of writing, GBP/EUR was hovering around €1.1872, marking a roughly 0.3% increase from the day's opening figures. Pound (GBP) Boosted by Strong UK Inflation Data The Pound (GBP) strengthened on Wednesday, after the Office for National Statistics (ONS) published the UK’s...

The Pound to Euro (GBP/EUR) exchange rate secured a net gain to 1.1870 on Tuesday and close to 10-day highs. Weak German data hampered the Euro while expectations of no change in Bank of England interest rates this week supported the Pound. Equities have also made headway over the past 24 hours with markets optimistic over the potential for a 50 basis-point interest rate hike. The FTSE 100 index hit 2-week highs and...

The Pound US Dollar (GBP/USD) exchange rate was largely rangebound on Tuesday as investors shrugged off an upbeat US retail release in anticipation of the Federal Reserve’s looming interest rate decision. At the time of writing GBP/USD was trading at around $1.3204, virtually unchanged from Tuesday’s opening rate. US Dollar (USD) Sinks as Markets Await Fed Rate Decision The US dollar (USD) traded sideways on...

The Pound Euro (GBP/EUR) exchange rate treaded water on Tuesday following the release of Germany’s latest ZEW economic sentiment index. At the time of writing, the GBP/EUR was trading at around €1.1872, virtually unchanged from Thursday’s opening levels. The Euro (EUR) found itself on the defensive against most of its peers on Tuesday following a sharp decline in Germany's latest ZEW economic sentiment index....

US dollar exchange rates lost further ground on Monday with stronger chatter that the Federal Reserve will deliver a larger 50 basis-point (bp) rate cut this week. With strong expectations that the Bank of England will decide against a rate cut at its own meeting, the Pound to Dollar (GBP/USD) exchange rate has strengthened to 1.3180. Interest Rate decisions are likely to dominate sentiment According to MUFG; “With...

The Pound US Dollar (GBP/USD) exchange rate jumped on Monday amid rising Federal Reserve interest rate cut bets. At the time of writing GBP/USD was trading at $1.3196, up approximately 0.5% from Monday’s opening rate. US Dollar (USD) Sinks as Markets Await Fed Rate Decision On Monday, the US Dollar (USD) edged closer to multi-year lows as the absence of new US economic data left markets poised for the Federal...