Daily Update

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

• Pound Muted as UK Enters Period of National Mourning Daily Update

  September 12 2022

  Pound (GBP) Mixed following Volatile Week for UK The Pound (GBP) traded without a clear direction on Friday as markets continued to digest the … read more

• Government’s Energy Bill Bailout Fails to Support the Pound Daily Update

  September 9 2022

  Pound (GBP) Spikes and Slumps amid Energy Support Announcement The Pound (GBP) spiked yesterday as Prime Minister Liz Truss announced the … read more

• Pound Stumbles as Markets Pare Back BoE Rate Rise Bets Daily Update

  September 8 2022

  Pound (GBP) Slides following Cautious BoE Comments The Pound (GBP) initially made gains yesterday morning However, Sterling fell sharply as markets … read more

• Pound Volatile as Markets React to Truss Policy Predictions Daily Update

  September 7 2022

  Pound (GBP) Fluctuates amid Reports of Spending Plan The Pound (GBP) experienced some volatility yesterday, initially gaining some ground as … read more

• Pound and Euro Fluctuate as Gas Prices Jump Daily Update

  September 6 2022

  Pound (GBP) Recoups Losses after Overnight Sell-Off After facing selling pressure overnight, the Pound (GBP) managed to edge higher through … read more

• Pound Languishes at Multi-Year Lows Daily Update

  September 5 2022

  Pound (GBP) Muted amid Recession Warnings The Pound (GBP) remained subdued at the end of last week as the UK’s economic troubles and political … read more

• US Dollar Hits 20-Year High amid Risk Aversion and Rate Rise Bets Daily Update

  September 2 2022

  US Dollar (USD) Surges as PMI Beats Forecasts The US Dollar (USD) climbed yesterday as a souring market sentiment boosted the safe-haven … read more

• Pound Continues Collapse amid Deteriorating UK Outlook Daily Update

  September 1 2022

  Pound (GBP) Extends Sell-Off amid UK Economic Fears The Pound (GBP) slipped to fresh multi-year lows yesterday as the UK’s economic outlook … read more

• Pound Slides to Multi-Year Lows as Recession Fears Mount Daily Update

  August 31 2022

  Pound (GBP) Falls on Recession Fears The Pound (GBP) fell yesterday, hitting fresh multi-year lows against some of its peers, as markets digested a … read more

• Volatility as Markets Digest Fed Chair Powell’s Jackson Hole Speech Daily Update

  August 30 2022

  Pound (GBP) Subdued on Energy Cap Increase The Pound (GBP) found itself under pressure at the end of last week after Ofgem announced the expected … read more