Currency News: UK Daily Forex News, Exchange Rate Forecast, …
6 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
Nov 11, 2024 · 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 ...
US Dollar Buying Takes a Break, Pound Sterling Recovers
5 days ago · November 14, 2024 - Written by Frank Davies. STORY LINK US Dollar Buying Takes a Break, Pound Sterling Recovers - GBP/USD Outlook. The Pound to Dollar (GBP/USD) exchange rate found support around 1.2730 on Wednesday, just above 3-month lows at 1.2720 recorded on Tuesday and recovered to 1.2755 after the latest US inflation data with an element of profit taking on long dollar positions.
Bank of England: Pound Sterling Higher as BoE On Track for …
6 days ago · November 13, 2024 - Written by Tim Boyer. STORY LINK Bank of England: Pound Sterling Higher as BoE On Track for Gradual Rate Cuts. 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 ...
Pound to Euro End of Week Forecast: GBP Rangebound vs EUR …
5 days 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.
Currency Predictions | Currency News UK
Nov 10, 2024 · 20 Dec 2023 at 5 PM - Written by Frank Davies. STORY LINK Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10. The Euro to Dollar exchange rate (EUR/USD) has been held below 1.10, but found support below 1.0900 on Monday and advanced to 1.0935 on Tuesday with relatively narrow ranges prevailing.
Currency News: UK daily forex news and forecasts
Oct 28, 2024 · The Pound to Euro (GBP/EUR) exchange rate traded with modest gains on Thursday morning, as markets digested the latest PMI releases from both the UK and Eurozone. At the time of writing, GBP/EUR was trading around €1.1999, up approximately 0.2% from Thursday’s opening levels. The Euro (EUR) came under pressure on Thursday, in response to ...
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.
Pound to Dollar Week Ahead Outlook: Latest GBP/USD Forecast …
Apr 21, 2024 · ING now has an end-2024 GBP/USD forecast of 1.25 from above 1.30 previously. The UK data flow overall was close to market expectations. The headline annual increase in wages held at 5.6% in the year to February and compared with expectations of 5.5% while the unemployment rate increased to 4.2% from 3.9%. As far as inflation is concerned, the ...
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 ...