Currency News: UK daily forex news and forecasts

The ECB policy decision was in line with expectations, but the Euro (EUR) managed to pare losses against the US Dollar (USD) and Pound Sterling (GBP) with an element of short covering amid a slightly less pessimistic tone on the economic outlook. The Pound to Euro exchange rate (GBP/EUR) hit 20-day highs just above 1.1960 earlier in the session before settling around 1.1925 after the ECB policy decision. The ECB lowered...

Pound Sterling (GBP) was trapped in a narrow range against the Euro (EUR) on Thursday following the publication of the European Central Banks (ECB) latest interest rate decision. At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading at around €1.1951, virtually unchanged from Thursday’s opening levels. On Thursday, the Euro (EUR) maintained its position against most of its counterparts...

The British Pound (GBP) was steady against the U.S. Dollar (USD) on Thursday, as the Federal Reserve’s latest interest rate decision failed to impact the pairing significantly. At the time of writing, the Pound US Dollar (GBP/USD) exchange rate was trading at $1.2449, virtually unchanged on the day. The Pound (GBP) saw muted movement on Thursday, holding steady against many of its peers amid a continued absence of UK...

The Pound to US Dollar exchange rate (GBP/USD) has been unable to make headway and drifted lower to near 1.2410 as the government’s growth strategy had little near-term impact. The proposals had been flagged in advance, and any dividends will be over the longer term while US and dollar moves remain dominant. According to Scotiabank, “should losses extend through 1.2420 (minor bull channel support), the GBP drop is...

The BoC cut rates for a sixth time in a row. More cuts look likely and the Canadian Dollar exchange rate complex is weak. The central bank warned about the potential impact of US tariffs on economic growth and inflation. Wednesday’s Bank of Canada meeting delivered yet another rate cut, its sixth in a row. Rates are now 3%, much lower than policy rates in the US and the UK and there are likely further cuts to come. In...

The Pound Sterling (GBP) mainly traded flat against the U.S. Dollar on Wednesday as investors awaited the Federal Reserve’s latest interest rate meeting. At the time of writing, Pound US Dollar exchange rate (GBP/USD) was trading at approximately $1.2422, virtually unchanged from the start of Wednesday’s session. On Wednesday, the US Dollar (USD) remained largely stable against most of its major counterparts,...

The Pound Sterling (GBP) held firm near its recent highs against the Euro (EUR) on Wednesday morning, with investors adopting a wait-and-see approach ahead of key events later this week. At the time of writing, Pound Euro (GBP/EUR) exchange rate was trading at approximately €1.1937, showing little movement from Wednesday’s opening levels. The Euro (EUR) remained flat on Wednesday as market participants refrained...

The Pound to Euro exchange rate (GBP/EUR) was muted on Tuesday as both UK and Eurozone data releases were in short supply. At the time of writing, the GBP/EUR was trading at around €1.1925, virtually unchanged from Tuesday’s opening levels. On Tuesday, the Euro (EUR) remained relatively quiet against most of its counterparts, largely due to a lack of data releases from the Eurozone. However, investors may have...

The Pound to Dollar exchange rate (GBP/USD) edged lower on Tuesday as risk-averse sentiment saw investors flock to the safe-haven Greenback. At the time of writing, GBPUSD was trading near $1.2428, down approximately 0.2% from Tuesday’s opening levels. The US Dollar (USD) continued its upward trajectory on Wednesday, consolidating gains made during the overnight session. This followed a sharp selloff in US...

The Pound Sterling was trapped in a narrow range against the Euro on Monday despite the release of some better-than-expected German data. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1889, virtually unchanged from Monday’s opening levels. Although flat against the Pound (GBP), the Euro (EUR) gained ground against several of its counterparts on Monday following the release of Germany's...