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CCY - CCY Delayed price. Currency in USD
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1.0658+0.0011 (+0.1066%)
As of 06:03PM BST. Market open.
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Previous close1.0646
Day's range1.0615 - 1.0680
52-week range1.0450 - 1.1276
  • FX Empire

    Middle East Crisis: Geopolitics Remains a Downside Risk for the Global Economic and Credit Outlook

    A full-scale Middle East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core economic challenge globally.

  • Yahoo Finance Video

    Don't hold your breath for euro/dollar parity: Forex expert

    The European Central Bank (ECB) has decided to hold interest rates at their current level for its fifth consecutive meeting. In a press conference, ECB President Christine Lagarde referenced the US Federal Reserve's own monetary policy, stating: "We are data-dependent, not Fed-dependent." DZ Bank Head of FX and Monetary Policy Research Sonja Marten joins Yahoo Finance to discuss the recent decision from the ECB and how it impacts global markets. In terms of the parity call and what investors should keep in mind for their portfolios, Marten states: "What's really important to understand is that as far as the FX [foreign exchange] market is concerned, this is all about relative performance. If you look, and I'm talking now really about fundamental growth, so if you look at Europe and you look at the data in recent months, been really, really poor. We have recession in Germany, things aren't looking good, but if you look at what the market is pricing in, that's already in the price and if you look at the US, the opposite almost is the case. What I'm saying is in terms of euro-dollar, while there's a lot going on right now... I don't think there's a driver here for euro-dollar to move significantly higher or lower lastingly, so we have a fairly flat forecast." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Nicholas Jacobino

  • Yahoo Finance Video

    ECB moving in 'right direction' on inflation: Fmr. ECB Pres.

    As growing uncertainty unfolds around the Federal Reserve's monetary policy path, the focus shifts across the Atlantic to the European Central Bank (ECB). The ECB has decided to hold interest rates steady, with deposit rates sitting at 4% for the fifth consecutive meeting. To provide insights on this decision, Former President of the European Central Bank Jean-Claude Trichet joins Yahoo Finance. Trichet suggests that the ECB's message in holding rates steady is "pretty clear," believing the central bank is "going in a good direction" on its efforts to combat inflation and has not made any "pre-commitment" on rate cuts. He says this would have left the ECB "trapped in an overhaul of expectations" that a June rate cut would occur. However, Trichet notes that the expectation of a June rate cut is "not a done deal," as there are many factors that could shift expectations in this "very... uncertain" environment. He emphasizes that the ECB's goal is to reach a 2% inflation target by 2025 and he is "confident" that the central bank is on the right course to achieve that. Trichet also points out that while the US is also looking to move towards a 2% inflation target, Europe is closer to reaching that goal: "We are not as parallel... in the decreasing of inflation as we were perhaps before." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith