Currency News: UK Daily Forex News, Exchange Rate Forecast, …
3 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 ...
Bank of England: Pound Sterling Higher as BoE On Track for …
1 day 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 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
2 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 ...
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 Predictions | Currency News UK
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.
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 ...
Pound Euro Exchange Rate News: GBP/EUR Soars as ... - Currency …
October 17, 2022 - Written by John Cameron. STORY LINK Pound Euro Exchange Rate News: GBP/EUR Soars as Investors await Hunt’s Afternoon Address. GBP/EUR Exchange Rate Rises amid Speech Speculation The Pound to Euro (GBP/EUR) exchange rate strengthened on Monday as investors responded to a speech from Chancellor Jeremy Hunt focusing on changes to the government’s fiscal plan.
Pound US Dollar Exchange Rate Subdued amid Soaring Covid-19 …
Dec 24, 2021 · The Pound’s movement could also be stifled by Brexit headwinds today as the 1 January deadline for new customs rules approaches. In data collected by the British Chambers of Commerce, 60% of companies said they had already experienced difficulties exporting goods to the EU under the Trade and Cooperation Agreement (TCA) introduced in January 2021.