Latest FX News

Euro, USD and Pound banknotes. €10, $10, £10 banknotes. representing Sterling's value against currencies

EUR/USD struggles following third wave of eurozone infections

The Eurozone is experiencing a third wave of coronavirus infections as AstraZeneca concerns cause further delays in the EU vaccination programme. The rise of EU COVID-19 cases will see countries impose new restrictions and measures in a bid to curb the spread of infection once again. Italy has...
Bank Of England. (City of London)

Bank of England leave monetary policy unchanged

The Bank of England (BoE) agreed to leave monetary policy unchanged during their recent meeting, leaving interest rates at 0.1% as well as its GBP 895 billion quantitative easing programme. The tone of the meeting very much echoed Governor Andrew Bailey’s comments earlier this week, where he stated...
pound sterling

BoE increasingly positive over UK economic outlook

Bank of England (BoE) Governor, Andrew Bailey stated that the UK’s economic outlook is becoming increasingly positive as non-essential businesses prepare to reopen on April 12th. The Governor indicated that the UK was not ‘out of the woods’ but suggested that the UK economy could improve quickly than...
US economic health

Fed interest rate decision and Powell’s comments in focus

Investors are eyeing the Federal Reserve’s interest rate decision and comments on inflation today. Financial markets hang in the balance. Asian markets are also heading lower on Wednesday as investors cautiously await the Federal Reserve's (Fed) interest rate decision and...
image of european union flag as Euro dipped

GBP/EUR steady ahead of ECB monetary policy meeting

The British pound remains steady against the euro ahead of today’s ECB monetary policy meeting, though it’s thought that there will be little changes made. It’s expected that the ECB will discuss the recent rise in bond yields and how this could impact...
Bank Of England. (City of London)

BoE sees light at the end of the tunnel for UK economy

Bank of England Governor, Andrew Bailey, painted a positive picture for UK economic recovery, whilst suggesting that it may never return to pre-pandemic patterns.
Pound sterling GBP

GBP struggles against CAD and USD ahead of stimulus bill passing

The British pound is edging higher against a host of major currencies, though the US and Canadian dollar are benefiting from the imminent passing of Biden’s stimulus bill.
Riots at Capitol Hil

Biden Stimulus package to be passed this week

The US dollar is benefiting from news that Joe Biden’s coronavirus stimulus package will be passed by the House of Representatives this week.
British pound exchange rate: British pound coin placed on a red graph. Sterling weakens

GBP/AUD edges higher following budget

Growing optimism in the UK economy has encouraged the British pound to Australian dollar exchange rate to edge higher. At the time of writing the British pound to New Zealand dollar (GBP/NZD) exchange rate stands at NZD 1.94, whilst the US dollar to New Zealand dollar
Rishi Sunak unveils GBP 30bn coronavirus recovery package

GBP gains after furlough scheme extension and BoE pledge

UK economic outlook was supported by news of the furlough scheme extension and BoE pledge to purchase green bonds. The Bank of England (BoE) has stated their expectations that the UK economy will see a sharp recovery in Q2 of 2021 as the economy...
UK retail sales data

BoE predicts a 4 per cent contraction for Q1

The UK’s economic outlook remains positive despite the BoE’s forecast that Q1 could see a 4% contraction. Broad-based expectations amongst economists is that the UK is poised to soon recover gains against the US dollar (USD) and euro (EUR) ahead of...
Bank Of England. (City of London)

GBP could receive a boost from BoE comments this week

Whilst the British pound (GBP) took a tumble across the board, Sterling could be supported by comments from the Bank of England (BoE) and European Central Bank (ECB) this week. , BoE Governor, Andrew Bailey, will speak Monday morning regarding improving the UK’s economic outlook, which should provide...
Pounds to euro

EUR stumbles against GBP and USD following rise in Eurozone infections

The euro has weakened against its major currency competitors, having seen a rise in coronavirus infections in Italy and Greece. On the 3rd March, new daily infections in Greece rose to 2,217, up from 1,783 a week previously. New daily infections in Italy during the same day rose to ...
New one pound sterling British sterling coin. Sterling reaction to UK employment data

GBP firm amid economic optimism, COVID-19 risks remain

The British pound remains steady against its key competitors, though COVID-19 sets to continue to impact economies in the long term. As a result of the Brexit trade deal, the rapid vaccine rollouts and plans to reopen the economy, the UK’s economic outlook has become increasingly...

Pound Sterling forecast: UK Budget 2021 in focus for traders

All eyes are on the UK Budget 2021, which could pose a potential risk to pound Sterling’s (GBP) rally if Chancellor Rishi Sunak disappoints. Mr Sunak is widely expected to extend the furlough scheme in full until June to continue to support businesses through the third national lockdown
stock market graph

Global market rally fails to boost GBP exchange rates

Pound Sterling continues to head lower against the US dollar and euro despite a rally in global markets, triggered by stabilising bond markets. US bond yields have surged in recent weeks amid growing expectations that higher growth and rising inflation in the United States and...
Euro Dollar and Pound banknotes with a chart in the background symbolising economic data from UK Euro and US concept of recent events affecting currency markets

British pound pulls back from three-year highs against US dollar

The US dollar is showing signs of recovery following the House passing Biden’s stimulus plan and positive comments from Jerome Powell. President Biden’s USD 1.9 trillion coronavirus stimulus bill was passed by the House of Representatives last Saturday morning, with the bill now being...
pound sterling

Pound Sterling off multi-year highs pre-Budget statement

Pound Sterling’s bullish run against the US dollar, euro, Australian dollar and other major rivals has stalled pre-Budget and amid some profit-taking. Chancellor Rishi Sunak's Spring Budget could also present GBP/EUR an opportunity to extend advances, assuming Mr Sunak's proposal encompasses...