Rates and Charts

GBP/EUR - Pound to Euro forecasts

GBP EUR Steady as Markets Await German Data

GBP EUR Steady as Markets Await German Data

The GBP EUR exchange rate was 0.10% higher on Wednesday as markets wait for German consumer confidence data. The police are launching their own inquiry into Boris Johnson’s birthday party, while the Sue Gray report awaits. Meanwhile, an ex-DUP leader was trying to shift the Northern Ireland...
GBP EUR Slumps as British PMI Data Disappoints

GBP EUR Slumps as British PMI Data Disappoints

The GBP EUR exchange rate was -0.50% lower on Monday after PMI data for the UK and Eurozone favoured the euro hitting the 1.2000 resistance. Cost pressures are hitting the British economy and it was the same for the euro, but January has seen improvement for Germany....
GBP AUD Will Look to Economic Data After Bearish Week

GBP EUR Surrenders 1.2000 Ahead of PMI Data

The GBP EUR exchange rate closed the week around the 1.1950 level after surrendering the 1.2000 resistance. The pound sterling versus the euro now faces PMI data on Monday which is a closely watched indicator of the economy’s performance ahead of GDP data. Markets will soon start...

GBP/USD - Pound to US Dollar forecasts

GBP USD Falls After Fed Leaves Door Open to Rate Hikes

GBP USD Falls After Fed Leaves Door Open to Rate Hikes

A lack of economic drivers in the UK on Wednesday left the pound rangebound against the dollar for much of the day, causing it to meander between 1.34 and 1.35 after recovering from a sharp fall on Monday. Investors in the dollar had a much busier day in-store,...
GBP USD Tumbles Amid Risk-off Mood in Markets

GBP USD Tumbles Amid Risk-off Mood in Markets

The pound’s bright start to 2022 hit a dead-end last week, causing it to slide lower against the dollar. The UK currency remained in reverse gear on Monday amid risk-off trading that was prompted by US interest rate hike concerns and an impending Russian invasion of Ukraine...
GBP USD Exchange Rate: The Week Ahead January 24th

GBP USD Exchange Rate: The Week Ahead January 24th

The pound broadly weakened against the dollar throughout last week, starting a fraction below the 1.37 resistance level on Monday and ending up in the 1.35 mid-range – its lowest level in more than a week. Data on Wednesday showing consumer prices jumped to their highest since 1992...

GBP/AUD - Pound to Australian Dollar forecasts

GBP AUD Weaker as Downing Street Drama Weighs

GBP AUD Weaker as Downing Street Drama Weighs

The GBP AUD exchange rate was -0.10% lower on Wednesday after the Downing Street saga weighed on the pound sterling. Business sentiment was weaker in Australia, but investors have ignored that for now. Traders added support to the Aussie dollar as political uncertainty grips the UK. The GBP...
GBP AUD Gains After PMI Business Data Performance

GBP AUD Gains After PMI Business Data Performance

The GBP AUD exchange rate was 0.25% higher on Monday after the UK and Australia saw OMI business activity data. The UK number was a disappointment, but the Australian reading was worse with the economy dumping into contraction territory due to the virus effects on the services...
GBP AUD Will Look to Economic Data After Bearish Week

GBP AUD Will Look to Economic Data After Bearish Week

The GBP AUD exchange rate dropped on the week from 17-week highs as fears set into the pound sterling. The market awaits PMI data for the UK and Australia, which will set the tone. However, there is political uncertainty for the British Pound as the inquiry into...

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