Currency News: UK daily forex news and forecasts
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Euro to Dollar Forecast: EUR Dips Below 1.17 on USD Rebound
28 Jul 2025 at 11 PM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast: EUR Dips Below 1.17 on USD Rebound
The Euro to Dollar exchange rate (EUR/USD) spiked to a high of 1.1770 in immediate reaction to the US-EU trade deal, but failed to hold the gains and dipped to a low of near 1.1670 after the European open.
European equities hit 4-month highs, but the Euro surrendered gains amid a firm dollar ahead of this week’s Fed policy meeting.
Although there was relief for the EU and global economy, the Euro failed to benefit as...
CATEGORIES: Euro Dollar Forecasts
GBP/USD Forecast: Pound Sterling Tests One-Week Low on EU-US Trade Deal
28 Jul 2025 at 2 PM - Written by David Woodsmith
STORY LINK GBP/USD Forecast: Pound Sterling Tests One-Week Low on EU-US Trade Deal
The Pound US Dollar (GBP/USD) exchange rate slipped to a one-week low on Monday as markets digested the EU-US trade deal announced over the weekend.
At the time of writing, GBP/USD was trading at $1.3417, having touched a one-week low of $1.3407 earlier in the session.
The US Dollar (USD) advanced at the start of the week, lifted by relief among investors following a breakthrough trade agreement between the United States...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Rebounds Amid Doubts over EU-US Trade Deal
28 Jul 2025 at 12 PM - Written by Toni Johnson
STORY LINK Pound-to-Euro Rebounds Amid Doubts over EU-US Trade Deal
The Pound to Euro exchange rate (GBP/EUR) rebounded on Monday, having slumped to a fresh two-year low earlier in the session in the wake of news surrounding a newly signed EU-US trade agreement.
At the time of writing, GBP/EUR was trading at approximately €1.1492—up around 0.7% from the low of €1.1410 touched earlier in the day.
The Euro (EUR) opened the week on firmer footing after confirmation that the EU had...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Exchange Rate Forecast: Trump V Fed
28 Jul 2025 at 9 AM - Written by Tim Boyer
STORY LINK Euro to Dollar Exchange Rate Forecast: Trump V Fed
Danske Bank forecasts that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.23 on a 12-month view on Euro-Zone capital inflows and a weaker dollar.
HSBC expects EUR/USD will be blocked at 1.20 with the risk that anti-dollar sentiment is extreme.
Rabobank has a 9-month EUR/USD forecast of 1.20, but is also reluctant to push forecasts beyond this level.
EUR/USD strengthened to near 1.18 during the week...
CATEGORIES: Euro Dollar Forecasts
Pound to Dollar Forecast: GBP and USD to Struggle in Months Ahead
28 Jul 2025 at 9 AM - Written by James Fuller
STORY LINK Pound to Dollar Forecast: GBP and USD to Struggle in Months Ahead
Danske Bank expects that the Pound and Dollar will both struggle over the next few months with the Pound to Dollar (GBP/USD) exchange rate advancing to 1.38 on a 12-month view.
Wells Fargo expects a dollar recovery next year and forecasts GBP/USD will weaken to 1.30 by the end of next year.
GBP/USD rallied to near 1.3600 during the week before a retreat to below 1.3450.
Trials and tribulations of central banks is...
CATEGORIES: Pound Dollar Forecasts
Pound-to-Euro Forecast: Retakes 1.15 Today on EUR Correction
28 Jul 2025 at 9 AM - Written by David Woodsmith
STORY LINK Pound-to-Euro Forecast: Retakes 1.15 Today on EUR Correction
The Pound to Euro exchange rate recovered to retake the 1.15 as the single currency weakened across global markets and risk appetite improved, helping lift Pound Sterling from earlier lows.
Barclays sees scope for GBP/EUR to recover towards 1.1765.
Foreign exchange analysts at Danske Bank, however, expect that the Pound to Euro exchange rate (GBP/EUR) will slide to 1.1240 over the next six to twelve months.
During the...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast: Range Between "1.1700 Support and 1.1780 Resistance"
27 Jul 2025 at 4 PM - Written by Tim Boyer
STORY LINK Euro to Dollar Forecast: Range Between "1.1700 Support and 1.1780 Resistance"
The Euro to Dollar (EUR/USD) exchange rate failed to challenge the 1.1800 level on Thursday and drifted lower to around 1.1720 after the New York open.
Markets remain wary of trade developments and there has also been position adjustment ahead of next week’s Federal Reserve policy decision.
President Trump has continued to press the Fed to cut interest rates, but is currently favouring a more indirect path to undermine...
CATEGORIES: Euro Dollar Forecasts
Pound-to-Dollar Forecast: "GBP Strength was Short-lived"
27 Jul 2025 at 4 PM - Written by David Woodsmith
STORY LINK Pound-to-Dollar Forecast: "GBP Strength was Short-lived"
Stagflation Fears Continue to Undermine Pound Support, GBP/USD Risks Key Downside Break
The Pound to Dollar exchange rate (GBP/USD) dipped towards 1.3500 on Thursday and retreated below this level in early Europe on Friday with further selling.
The dollar has secured net gains in global markets while the UK data has not provided Pound support.
Overall risk appetite has also stumbled on Friday which has also unsettled...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
Pound to Euro Forecast: "Less Dovish ECB" Could Bring 1.1365 Target Sooner
27 Jul 2025 at 4 PM - Written by Frank Davies
STORY LINK Pound to Euro Forecast: "Less Dovish ECB" Could Bring 1.1365 Target Sooner
There was a bounce in UK retail sales for June, but it failed to support the Pound Sterling against the Euro amid evidence of underlying vulnerability and consumer angst.
The Euro exchange rates also made net gains on increased speculation that the ECB will resist further interest rate cuts.
The Pound to Euro (GBP/EUR) exchange rate has posted further losses to near 1.1460 and close to 3-month lows.
A dip below the...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Pound to US Dollar Forecast: Long-term GBP/USD Uptrend Faltering Again?
25 Jul 2025 at 11 AM - Written by Frank Davies
STORY LINK Pound to US Dollar Forecast: Long-term GBP/USD Uptrend Faltering Again?
The Pound to Dollar (GBP/USD) exchange rate pushed to a peak just below 1.3590 before a retreat to near 1.3550.
The latest UK data triggered some fresh unease over the outlook and hampered the Pound, but dollar confidence remained weak amid signs of higher inflation which would intensify the debate surrounding Federal Reserve policy.
Scotiabank considers that the long-term GBP/USD uptrend could be faltering again and...
CATEGORIES: Pound Dollar Forecasts