Daily Update

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

• US Dollar Dips as Fed’s Powell Pushes Back on 75-bps Hike Daily Update

  May 5 2022

  Pound (GBP) Stumbles as UK Bans Services Exports to Russia The Pound (GBP) initially firmed yesterday, buoyed by an uptick in UK government bond … read more

• US Dollar Softens ahead of Expected Fed Rate Hike Daily Update

  May 4 2022

  Pound (GBP) Buoyed by Improving Market Mood The Pound (GBP) ticked broadly higher during yesterday’s session, with the currency benefitting … read more

• Euro Fluctuates in Response to Lacklustre Eurozone GDP, Economic Sentiment Releases  Daily Update

  May 3 2022

  Pound (GBP) Fluctuates amid Mixed Market Sentiment  The Pound (GBP) firmed on Friday’s session as a risk-on mood among European … read more

• US Dollar Refreshes Multi-Year Highs despite Risk-On Mood Daily Update

  April 29 2022

  Pound (GBP) Stumbles as UK Insolvencies Hit Ten-Year High  The Pound (GBP) initially rose yesterday, supported by an upbeat market mood However, … read more

• Euro Slips on Poor German Data and Gas Supply Fears Daily Update

  April 28 2022

  Pound (GBP) Subdued amid Mixed Sterling Sentiment The Pound (GBP) was mixed yesterday, finding some support as the weakened currency attracted … read more

• Pound Stumbles as Traders Rein in Rate Hike Bets Daily Update

  April 27 2022

  Pound (GBP) Remains Weak as Rate Hike Bets Fade The Pound (GBP) slipped yesterday as markets reined in Bank of England (BoE) rate hike bets due … read more

• Pound Remains Offered as UK Households Feel the Pinch Daily Update

  April 26 2022

  Pound (GBP) Extends Downside amid Income Crunch  The Pound (GBP) stumbled yesterday as the UK’s cost-of-living crisis continued to cause … read more

• Pound Tumbles as Cost-of-Living Crisis Hits Retail Sales Daily Update

  April 25 2022

  Pound (GBP) Plunges as Income Squeeze Begins to Choke UK Economy  The Pound (GBP) fell sharply on Friday after UK retail sales contracted by 14% … read more

• Pound, Euro and US Dollar Swing on Central Bank Speeches Daily Update

  April 22 2022

  Pound (GBP) Recoups Losses on Hawkish BoE Rhetoric  The Pound (GBP) was rocky yesterday as UK politics remains mired in the … read more

• Pound and Euro Volatile amid Choppy Trade Daily Update

  April 21 2022

  Pound (GBP) Fluctuates amid UK Political Uncertainty  The Pound (GBP) was volatile yesterday, ultimately slipping against the majority of its … read more