Currency news / November 18, 2025

Sentiment takes a dive

3 min read Thanim Islam

Thanim IslamNovember 18, 2025

Market snapshot:

Markets in the red for a fourth day
BoE speakers watched ahead of CPI tomorrow

Yesterday's currency recap

USD extended its gains, rising for the third time in four sessions, while most G10 currencies slipped. GBP sterling outperformed slightly and CAD was weaker after Canadian inflation missed expectations.

Today's GBP rates

Currency pair	Daily move*	Indicative rate**
GBPAUD	0.50%	2.0222
GBPCAD	0.01%	1.848
GBPCHF	0.18%	1.0480
GBPDKK	0.21%	8.4857
GBPEUR	0.21%	1.1362
GBPJPY	0.46%	204.485
GBPNOK	-0.10%	13.2809
GBPNZD	0.22%	2.3221
GBPSEK	0.06%	12.458
GBPUSD	0.02%	1.3175

*Daily move - against G10 rates as of 06:00 GMT, 18.11.25
** Indicative rates - interbank rates as of 06:00 GMT, 18.11.25

Key data points

Currency	Event	Period	Consensus	Previous
USD	ADP Weekly Employment Est

What we think

AUD is weaker this morning after a dovishly received RBA minutes overnight. Risk sentiment took a dive with global equities all in the red to start the week supporting safe haven demand.

Ahead of tomorrow morning's UK CPI, report we have BoE members Pill (hawk) and Dhingra (dove) both speaking over the course of the day, which will be watched for GBP. We also have the the weekly ADP employment estimate for USD.

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Have a great day.