Currency News:
Latest Posts

On Thursday, the Pound to Euro rate crept up to 1.161 while it dropped to 1.3893 against the US Dollar according to the Foreign Exchange Market. Investors continued to digest the latest budget news and although there is a concern around taxes, investors are optimistic

The Pound nudged higher on Wednesday as investors embraced the 2021 budget statement from Chancellor Rishi Sunak, as he made it clear that he will do everything possible to help the recovery of the economy. However, news that corporation tax would be increased in 2023,

It was another slow day for the Pound on Tuesday as investors continued to remain restrained as they await the budget announcement which takes place today. The Furlough Scheme is likely to be extended although an increase in tax is a concern for analysts and

With the impending budget, the Pound remained fairly subdued on Monday as talk of tax hikes caused concerns. While these worries placed pressure on the currency, the vaccine rollout and hopes of a quick economic recovery continue to limit any losses. It could be a

Friday saw the Pound continuing to fall back following investors checking in their profits at the end of the month. However, it has also been noted that this correction of GBP exchange rates could be the beginning. It’s going to be an interesting week for

Following weeks of increasing rates, the Pound fell back slightly during trading on Thursday. This might indicate that the current run is coming to an end as investors begin to ready themselves for the Budget which is taking place next week. According to the Foreign

On Wednesday, it looked as though the Pound’s current run could be easing off. The Bank of England might have played a role in this as recent comments claimed that the recent increase in GBP exchange rates could have a depressive effect on inflation. Despite

Tuesday was yet another day of gains for the Pound as it rose to $1.4119 against the USD and €1.1619 against the Euro, according to the Foreign Exchange Market. Despite this, there was not good news when it came to unemployment as this increased to

Following the release of the lockdown exit roadmap, the Pound rounded off a strong start to Monday. As the Foreign Exchange Market indicated, the currency still made gains against the US Dollar reaching $1.4071 and €1.1566 against the Euro. While investors had hoped for a

As Friday came to a close, the Pound to US Dollar rate brushed aside the key level of resistance of $1.40 by reaching $1.4005 according to the Foreign Exchange Market. Furthermore, exchange rates strengthened thanks to the latest PMIs which indicate that the service sector

The Pound went even higher against the US Dollar on Thursday reaching 1.3967 while it ended the day at 1.1552 against the Euro according to the Foreign Exchange Market. This was after a boost in coronavirus stats which hint at a potential beginning of the

During trading on Wednesday, the Pound to US Dollar rate nudged lower although the Pound to Euro rate remained steady finishing the day at 1.3866 and 1.1511 respectively, according to the Foreign Exchange Market. There was further optimism over the easing of lockdown following comments

The Pound improved its recent rally during trading on Tuesday as the Foreign Exchange Market saw it reach 1.1485 against the Euro although it did lose ground against the US Dollar finishing at 1.3888. The rally came on the back of increased optimism around coronavirus

Monday saw a strong start for the Pound after it reached a nine-month high against the Euro of 1.1468 while it reached 1.3913 against the US Dollar according to the Foreign Exchange Market. Optimism around the slow unlocking of the economy also gave the currency

Friday started slowly for the Pound although it did edge higher following the release of the latest GDP figures. The data showed that the economy had grown at a rate that was faster than expected during Q4 of 2020. Despite this, the gains were limited

The Pound was relatively quiet on Thursday after the Bank of England claimed that the demands from the EU regarding the next round of Brexit talks are unrealistic. The BoE indicated that the stance from the EU could suggest that there are plans to cut

The Pound saw some decent gains on Wednesday in particular, reaching a 33-month high against the US Dollar. Exchange rates are still receiving considerable support from the success of the vaccination programme while the latest policy decision from the Bank of England surrounding negative rates

Tuesday saw the Pound remaining fairly stable with one in four adults having the vaccine, giving the currency some support. The government aims to vaccinate 15 million people by the 15th February and by that point, all eyes will be on the impact and the

As Monday started, the Pound found itself fluctuating following the continued concern over the latest coronavirus strain news and Brexit problems. While the vaccination rollout is gathering momentum, there is now a concern that the AstraZeneca vaccine might prove less effective against the South African

The Pound was mainly range bound on Friday even after it rallied on Thursday following the news from the Bank of England. The success of the vaccination programme is still providing support for the Pound although concerns about the current lockdown prevented any gains. This

The Pound reached its highest point since May against the Euro on Thursday following news that the Bank of England decided to keep interest rates unchanged. The currency was also boosted by news that the Bank of England also expects there to be a strong

On Wednesday, the Pound was range bound with a lack of movement, much of which was waiting on the latest rate decision from the Bank of England. Yesterday, the only data driving the Pound was the latest PMI figures which indicated that the UK service

The Pound struggled on Tuesday as developments in the Coronavirus situation left the currency seemingly motionless. As news of another variant emerged, it left investors wondering when the current restrictions are likely to be removed. This left the Pound finishing the day at 1.1347 against

On Monday the Pound nudged higher following signs that coronavirus infections were beginning to level off. However, things improved for the currency after the release of the latest PMI figures following the higher revision of the finalised manufacturing PMI for January. The vaccine rollout continues

At the end of last week, the Pound struggled to gain momentum as the row between the EU and Astrazeneca rumbled on. With pressure being placed on the company, investors had concerns about the impact it could have on the currency. Despite this, the EU

It was a slow start for the Pound on Thursday over concerns that lockdown would be extended in England while investors were worried about the potential vaccine shortages. Despite this, things improved for the currency after vaccine concerns were dismissed by Minister Michael Gove. As

The Pound started trading on Wednesday in a strong position after it became apparent that Boris Johnson has plans to present a plan of how restrictions will be eased. Despite this, the news that schools would be closed longer than expected dealt the currency a

The Pound trended in an upwards direction on Tuesday as the GBP to USD rate increased again while there were also gains made against the Euro. As a result, it rounded off the day at 1.1297 against the Euro and 1.3741 against the US Dollar

The Pound moved very little during trading on Monday while the high Pound to US Dollar rate seen last week also moved further away. Boris Johnson announced that some lockdown measures would be relaxed before mid-February and that helped to ease concerns around Brexit trade

During trading on Friday, the Pound experienced a rapid sell-off following the latest PMI figures which showed that the economy had contracted more than expected. Along with this, the latest retail sales figures were also lower than expected, proving that 2020 really had been a

There was more support for the Pound on Wednesday as it reached new highs against the Euro and the US Dollar. The vaccination rollout is having an impact on the performance of the currency, while the consumer price index was also stronger than expected with

The Pound took a tough stance during trading on Tuesday, with investors taking hope from the speed at which the vaccines are being rolled out. The hope is that the first target will be met and that this will enable parts of the economy to

At the start of the week, the Pound experienced some losses based on the ongoing impact that the current restrictions are having on the economy in the UK. However, the losses were limited after news that the current vaccination rollout is gathering speed, with news

As the session came to a close on Friday, the Pound found itself on the defensive following the reaction to the latest monthly GDP figures. A 2.6% contraction was not as high as the original forecast but it indicated that the slump was big enough

It was a stronger day for the Pound on Thursday, with the Pound to US Dollar sitting just below a new two year high while the Pound to Euro rate also neared a two-month high according to the Foreign Exchange Market. The current vaccination programme

During the start of trading on Wednesday, the Pound received a lot of support, especially after the Bank of England downplayed the introduction of negative interest rates. Despite these gains, the currency was unable to hold onto them following the latest coronavirus news, with the

Following on from the news that the Bank of England has acknowledged that negative interest rates would cause problems, the Pound pushed higher on Tuesday. It was noted that the UK economy is in a very bad state but this news resulted in investors taking

The GBP to USD rate dipped during the start of trading on Monday but in contrast to this the Pound to Euro rate moved higher. There is still an element of concern around growing coronavirus cases and further restrictions, all of which reduced risk appetite

There were some solid gains seen in the Pound to Euro exchange rate on Friday as rates edged higher following news that another coronavirus vaccine from Moderna had been approved. Despite this, the gains were limited after a worrying number of cases were causing problems