Latest FX News

US Dollar and Sterling- banknotes and coin. GBP-USD concept

Pound Sterling forecasts slashed amid growing COVID concerns

Pound Sterling (GBP) is trading higher across the board on the first day of the new trading week but analysts have downgraded the currency's medium-term forecast. The near term outlook for the British pound (GBP) is hinged on the US Federal Reserve’s interest rate decision at their upcoming policy meeting and coronavirus developments...
pound sterling

Pound Sterling’s in recovery mode but vulnerability lingers

Pound Sterling (GBP) recovers as global investor sentiment improves. A slowdown in the UK’s COVID case rate growth has also bolstered GBP exchange rates but vulnerability lingers, especially against the greenback. Technical charts point towards a bearish trend in the British pound to US dollar (GBP/USD) exchange rate with inflation concerns and Brexit tension raising concerns...
British Pound v Euro

Pound Sterling pressured by UK’s worsening COVID situation

The British pound to US dollar (GBP/USD) exchange rate and the British pound to euro (GBP/EUR) exchange rate have collapsed amid ongoing signs that the UK’s coronavirus situation is deteriorating. Confirmation that UK government borrowing declined has prevented sharp losses but persisting Brexit tensions could drag pound Sterling (GBP) exchange rates lower...
Digital currencies: ECB to launch the e-euro

Digital currencies – ECB to launch the e-euro

The European Central Bank (ECB) is set to launch a digital version of the euro (EUR) known as the e-euro. Keeping a close eye on the progress of cryptocurrencies such as Bitcoin, the ECB noted how the coronavirus pandemic had created a shift away from physical cash. The e-euro aims to launch within the next five years and looks to become a secure payment method across the Eurozone.
UK retails sales post record growth

UK’s post-Brexit economy surging ahead of Freedom Day

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A recent survey of Chief Financial Officers (CFOs) has revealed a shift in business focus, with companies focusing more on investment and growth instead of cost reduction measures. Although risks to the UK economy remain, most CFOs foresee solid growth thanks to COVID vaccine progress. However, inflationary pressures and concerns over easing lockdown restrictions prematurely are weighing on GBP...
Brexit - UK-US trade deal

Liz Truss hopes to secure free UK/US trade deal

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UK International Trade Secretary Liz Truss has headed to the United States to meet with US counterpart Katherine Tai to secure a free UK/US trade deal. Ms Truss stated her aim during the US trip was to build on the progress the UK has already made on tackling discriminatory market practices between the two nations and improving overall global prosperity.
UK Economy Will be Subject to Enormous Strains Says Sunak

UK bounces back from double-dip recession fears

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The fears of a double dip recession in the UK appear to be far behind us, with the UK economy growing at a more rapid pace than initially anticipated. The Bank of England (BoE) revised their predictions for UK GDP by 1.5% during June’s monetary policy meeting compared to the previous month. Meanwhile BoE chief economist Andy Haldane says UK inflation could rise to 4% by the end of 2021.
Dollar to Pound FX rate

British pound under pressure against the US dollar

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The British pound (GBP) has come under pressure against the US dollar (USD) during today’s trading session. Pound sterling is unlikely to experience the rapid gains seen during early 2021 against its major currency over the coming months but will hold steady. Meanwhile, the US dollar (USD) looks to continue to outperform its currency rivals following upbeat comments from the Federal Reserve.
UK retail sales data disappoints

Pound Sterling tumbles following weak UK retail sales data

After a strong performance mid-week, pound Sterling (GBP) has slipped across the board. The UK currency has suffered the steepest losses against safe-haven currencies such as the Japanese yen (JPY), US dollar (USD) and euro (EUR), all of which are being supported by the shift in risk appetite ahead of the weekend...
Mixed currency

Pound Sterling retreats amid summer slowdown fears

Pound Sterling heads lower in currency markets as the UK reports a spike in cases of the Indian COVID variant. Investors fear that the growing spread of the new COVID strain will delay the June 21st reopening timeframe and stall economic growth. However, the accelerating vaccine rollout is offering a glimmer of hope...
pound sterling

Pound Sterling: GBP/NZD, GBP/CAD, GBP/USD, GBP/JPY, GBP/AUD

Pound Sterling (GBP) has experienced some back and forth trade this week due to concerns over travel, inflation and the Indian variant. Ahead of the weekend, GBP is rallying against the US dollar (USD), euro (EUR) and the Canadian dollar (CAD) but remains under pressure against the Australian and New Zealand dollars.
Pound Sterling unchanged

Riskier currencies extend gains as global sentiment improves

Risk-on assets such as pound Sterling are being supported by the upbeat mood in currency markets with global recovery well underway. the robust economic rebound in the United States has triggered fears that the US economy may be at risk of overheating, possibly marking the end of ...
Manufacturing trends and challenged 2021

UK manufacturing sector growth hits 30-year high in May

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European shares hit new highs today after UK manufacturing sector growth soars. According to a survey published earlier this week, UK manufacturing growth has been driven by a barrage of new factory orders and rising employment. Pound Sterling (GBP) will continue to be driven by coronavirus developments, Britain's vaccine rollout and news about whether the UK's final round of COVID-19 lockdown easing will be delayed.
US dollar denominations

As the US dollar dwindles, the yuan gains attention

A dovish Federal Reserve and the accelerating global rebound from COVID-19 has dragged the US dollar to the bottom of the global currency pile. But before we discuss whether the US dollar (USD) is in decline and other reserve currencies are "going big", let's look at the history of the greenback...
FTSE 100 Index

FTSE 100 and Wall Street slump amid rising inflation fears

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Yesterday saw Global stock markets slip amid rising inflation fears, with the FTSE 100 down by nearly 3% after opening. FTSE 100 now recovering after UK GDP data although investors are fretting over inflation in countries worldwide. US inflation fears are the main focus of nervousness, primarily due to the country being the world's leading economy.
FTSE 100 Index

FTSE 100 struggles to gain despite UK lockdown easing

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Pound Sterling storms higher but FTSE 100 struggles to gain momentum. The FTSE 100 has struggled despite plans to press ahead with reopening the UK economy and Scottish election success. After a relatively strong start to the day, London's FTSE 100 Index has closed 0.061% lower or by -4.35 points to 7,125.36 on Monday, with airline shares among the top losers.
Bank Of England. (City of London)

BoE rate decision sets the tone for pound Sterling

Bank of England raises growth forecasts and leaves interest rates unchanged but pound Sterling has muted reaction. The BoE opted to leave interest rates unchanged at their COVID-19 crisis low of 0.1% and its quantitative easing programme at GBP 895BN
Bank Of England. (City of London)

GBP/USD and GBP/EUR soften ahead of Bank of England meeting

GBP/USD and GBP/EUR exchange rates retreat in anticipation of the BoE meeting although most market analysts expect policymakers to leave the central bank's main policy settings unchanged. The UK economy’s improved outlook failed to offer much support.