Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Pound Slips as UK Energy Crisis Impacts Industry Daily Update
August 26 2022Pound (GBP) Declines as Energy Costs Hits CO2 Production The Pound (GBP) trended lower against the majority of its rivals yesterday as the potential … read more
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US Dollar Drops as Durable Goods Orders Stall Daily Update
August 25 2022US Dollar (USD) Slips as Durable Goods Orders Miss Forecasts After rising through yesterday morning, the safe-haven US Dollar (USD) then stumbled in … read more
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US Dollar Dives after Surprise Slump in US Services PMI Daily Update
August 24 2022US Dollar (USD) Plunges as Service Sector Contraction Deepens The US Dollar (USD) slumped yesterday afternoon after US business activity … read more
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Euro Slumps below Parity with US Dollar as Energy Prices Hit Record Highs Daily Update
August 23 2022Euro (EUR) Slides as Gas Prices Surge Again The Euro (EUR) suffered a significant sell-off yesterday – falling below parity with the US Dollar … read more
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Pound Slips despite UK Retail Sales Growth Daily Update
August 22 2022Pound (GBP) Falls as Retail Sales Report Fails to Cheer Investors The Pound (GBP) hit multi-week lows against some of its peers on Friday, despite … read more
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Pound Stumbles as UK Strike Action Intensifies Daily Update
August 19 2022Pound (GBP) Muted as Strikes Continue The Pound (GBP) softened against many of its peers yesterday as fresh rail strikes added to the UK’s … read more
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Pound Mixed as UK Inflation Hits Double Digits Daily Update
August 18 2022Pound (GBP) Undermined as Income Crunch Intensifies The Pound (GBP) initially rose yesterday after hotter-than-expected UK inflation increased the … read more
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Pound Wavers Higher following Mixed Employment Report Daily Update
August 17 2022Pound (GBP) Firms amid BoE Rate Hike Bets The Pound (GBP) strengthened yesterday as the UK’s latest labour market report added to expectations … read more
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US Dollar Strengthens as Sentiment Sours Daily Update
August 16 2022US Dollar (USD) Firms amid Risk-Averse Trade The US Dollar (USD) strengthened through the first part of yesterday’s trade as worries about … read more
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Pound Falters following Contraction in UK GDP Daily Update
August 15 2022Pound (GBP) Weakens as UK Economy Contracts The Pound (GBP) fell on Friday as new data revealed a contraction in the UK economy Month on month, … read more