Read our currency forecasts and market reports for details of what could affect the Pound, Euro, US Dollar, Australian Dollar and many of the other major currencies.
GBP/USD rates fall to a near 5-month low amid a slight shift in global risk sentiment.
By Richard Nugent
Sterling exchange rates have remained fairly subdued over the last week or so with the GBP/EUR pairing struggling to find much support ahead of today's BoE meeting.
GBP/EUR rates set a 14-month high, reaching 1.18 at the start of this week, but rates since slipped in value falling to 1.1583 this morning.
Could further acceleration of the UK's vaccination programme buoy GBP exchange rates?
Last week sterling continued to gain ground against a basket of currencies.
Since reports of progress between the UK and Brussels at the end of last year, we’ve seen a steady increase in GBP value.
Sterling opened yesterday’s trading just shy of 1.125 against the euro, but gradually lost ground throughout the day against the single currency.