Daily Update

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

• US Dollar Recovery Curtailed as US Slips Into a Technical Recession Daily Update

  July 29 2022

  Pound (GBP) Muted amid Political Uncertainty The Pound (GBP) was trapped in a narrow range on Thursday as ongoing political uncertainty weighed on … read more

• US Dollar in Freefall as Fed Rate Hike Undermined by Cautious Messaging Daily Update

  July 28 2022

  Pound (GBP) Wavers as Strike Concerns Offset BoE Rate Hike Bets The Pound (GBP) traded without a clear direction bias yesterday Sterling … read more

• Euro Slumps amid Gas Shortage Fears Daily Update

  July 27 2022

  Pound (GBP) Subdued as Retail Sales Volumes Drop The Pound (GBP) ticked lower during yesterday’s session after the release of the Confederation of … read more

• GBP/USD climbs to three-week high on BoE rate hike bets Daily Update

  July 26 2022

  Pound (GBP) Buoyed by BoE Rate Hike Bets The Pound (GBP) firmed on Monday Speculation regarding a 50bps interest rate hike from the Bank of England … read more

• Euro and US Dollar Knocked by Abysmal PMI Releases Daily Update

  July 25 2022

  Pound (GBP) Dented by Weak Retail Sales The Pound (GBP) was placed on the defensive at the end of last week, after UK retail sales were shown to … read more

• Pound US Dollar Exchange Rate Softens amid Mixed UK Data Daily Update

  July 22 2022

  Pound US Dollar Exchange Rate Slips amid Troubling Economic Uncertainty The Pound US Dollar (GBP/USD) exchange rate is weakening today as inflation … read more

• Euro Volatile as ECB Raises Rates by 0.5% Daily Update

  Pound (GBP) Falls amid Worrying Public Finance Figures The Pound (GBP) fell sharply at the start of yesterday’s session following the latest … read more

• Euro Wobbles amid Gas Supply Fears and ECB Rate Rise Bets Daily Update

  July 21 2022

  Euro (EUR) Wavers Lower amid Gas Supply Fears The Euro (EUR) fluctuated yesterday, trending lower overall, as gas supply fears undermined the single … read more

• Euro Leaps on Prospect of 0.5% Rate Rise from the ECB Daily Update

  July 20 2022

  Euro (EUR) Jumps amid Rumours of a 05% ECB Hike The Euro (EUR) surged higher at the start of yesterday’s session amid reports that the European … read more

• Pound and Euro Rise as US Dollar Retreat Continues Daily Update

  July 19 2022

  Pound (GBP) Gains as BoE Policymaker Boosts Rate Rise Bets The Pound (GBP) strengthened yesterday off the back of some hawkish comments from … read more