Daily Update

Daily updates on how key currencies are performing in the currency markets.

• Pound Sterling in Crisis as Markets Reel from Tax Cut Shock Daily Update

  September 27 2022

  Pound Sterling (GBP) Touches Record Low against USD After slumping in overnight trade, hitting an all-time low against the US Dollar (USD), the … read more

• Pound Crashes as Mini-Budget Triggers Market Meltdown Daily Update

  September 26 2022

  Pound (GBP) Implodes following Kwarteng’s Mini-Budget The Pound (GBP) nosedived on Friday after the government’s mini-budget sent UK markets … read more

• Pound Volatile as BoE Surprises Markets with Half-Point Hike Daily Update

  September 23 2022

  Pound (GBP) Fluctuates as BoE Raises Interest Rates The Pound (GBP) initially strengthened yesterday as markets bet on GBP ahead of an expected … read more

• US Dollar Hits Fresh 20-Year High on Hawkish Fed Hike Daily Update

  September 22 2022

  US Dollar (USD) Climbs as Russia Fears Hit Markets The safe-haven US Dollar (USD) ticked higher yesterday as fears about an intensification in the … read more

• US Dollar Rises ahead of Fed Decision Daily Update

  September 21 2022

  US Dollar (USD) Firms ahead of Fed Decision The US Dollar (USD) strengthened yesterday as rising US Treasury yields and expectations of a hawkish … read more

• Pound Sterling Slides as Huge Fall in Sales Stokes Recession Fears Daily Update

  September 20 2022

  Pound (GBP) Drops as UK Sales Contract Pound Sterling (GBP) sank during Friday’s session after UK retail sales contracted far more than forecast … read more

• Euro Rallies on Hawkish ECB Comments Daily Update

  September 16 2022

  Euro (EUR) Rallies on ECB Comments The Euro (EUR) trended broadly higher on Thursday Supported by some hawkish comments from European Central Bank … read more

• Pound (GBP) Strengthens following UK CPI Daily Update

  September 15 2022

  Pound (GBP) Rallies as Inflation Impresses The Pound (GBP) marched higher yesterday following the UK’s consumer price index release for … read more

• US Dollar Soars after American Inflation Exceeds Forecasts Daily Update

  September 14 2022

  US Dollar (USD) Jumps following Hot Inflation Reading The US Dollar (USD) surged higher yesterday following America’s hotter-than-expected CPI … read more

• Pound Rises and US Dollar Drops as Markets Hopeful ahead of US CPI Daily Update

  September 13 2022

  Pound (GBP) Rises as Markets Rally The Pound (GBP) ticked higher yesterday, despite UK GDP in July printing at 02% rather than the forecast … read more