Currency News: UK Daily Forex News, Exchange Rate ...
4 days ago · After hitting 31-month highs just above 1.2100 on Monday, the Pound to Euro (GBP/EUR) exchange rate has corrected to 1.2070, but found buyers near 1.2050. Overall yield spreads will continue to underpin GBP/EUR, especially if the Bank of England maintains a cautious stance on lowering interest rates. The Euro also remains vulnerable due to ...
Currency News: UK daily forex news and forecasts
4 days ago · The Pound to Dollar (GBP/USD) exchange rate has dipped to 1.2875 from above 1.2900 on Monday amid another round of dollar strength. In the short term, traders will focus on 12-week lows near 1.2835 posted in immediate reaction to Trump’s victory last week. As far as the UK is concerned, the latest labour-market data is due on Tuesday with ...
Pound to Euro End of Week Forecast: GBP Rangebound vs EUR …
18 hours ago · The Pound to Euro (GBP/EUR) exchange rate was largely unmoved on Wednesday morning, with a lack of significant data releases from either the UK or Eurozone leaving the pairing trapped in a narrow range. The Euro (EUR) faced headwinds on Wednesday as market anxiety over future US trade policy continued to weigh on the single currency.
Pound US Dollar Exchange Rate Strikes Fresh Low following …
1 day ago · The Pound (GBP) declined on Tuesday following the UK's latest labour market report, which revealed a sharper-than-expected increase in unemployment. The UK unemployment rate rose from 4% to 4.3% in the third quarter, surpassing predictions of a smaller increase to 4.1%. This suggests that the British labour market is continuing to lose momentum.
Pound to Euro Rate "Steady" as UK Unemployment Climbs
1 day ago · The Pound (GBP) found limited support on Tuesday morning after the release of the latest UK jobs report disappointed GBP investors. According to data from the Office for National Statistics (ONS), UK unemployment rose sharply to 4.3% in September, up from 4% in August and higher than the anticipated increase to 4.1%.
Pound Euro Exchange Rate Rises as USD Continues to Climb
3 days ago · The Pound Euro (GBP/EUR) exchange rate climbed on Monday, as the US election results continued to boost the US Dollar (USD) and thereby pressure the Euro (EUR). At the time of writing, GBP/EUR traded at €1.2074, up around 0.2% on the day. The Euro faced challenges on Monday due to its strong negative correlation with the US Dollar, which put ...
Pound US Dollar Exchange Rate Edges Higher following UK PMI data
Nov 6, 2024 · The Pound US Dollar exchange rate gained ground on Tuesday following the publication of the UK’s latest PMI data. At the time of writing, GBP/USD was trading at approximately $1.2985, up roughly 0.2% from the start of Tuesday’s session. The Pound (GBP) rose against most currencies on Tuesday, bolstered by a better-than-expected domestic PMI ...
Daily Currency Updates | Currency News UK
Dec 20, 2023 · STORY LINK Euro to Dollar Rate: EURUSD Retreats as Fed’s Powell Maintains Hawkish Stance. Hawkish Fed rhetoric pulled the Euro (EUR) lower against the US Dollar (USD) on Thursday and CIBC expects the currency pair will weaken further to 1.03 at the end of 2023. At the time of writing, the Euro to Dollar exchange rate (EUR/USD) traded at 1.06699.
Currency News: UK daily forex news and forecasts
Oct 18, 2024 · STORY LINK ECB Decision Day: GBP/EUR Needed Very Dovish Talk to Break Back Above 1.20 The Pound to Euro (GBP/EUR) exchange rate found support below 1.1950 on Wednesday and settled around 1.1965. Unless there is very dovish ECB rhetoric, GBP/EUR could retreat later in the session. Interest rate ...
Pound to Euro: Sterling Looks to Major UK Data Releases to …
Feb 12, 2024 · STORY LINK Pound to Euro: Sterling Looks to Major UK Data Releases to Trigger Breakout. The Pound to Euro (GBP/EUR) exchange rate has continued to find support close to 1.1700 and settled around 1.1715 on Monday as tight ranges have prevailed. UK data this week will have an important market impact and volatility will inevitably increase with ...