Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Today’s Currency News: Pound Faces Headwinds as UK GDP Suffers Record Plunge in April Daily Update
June 12 2020Pound (GBP) Sinks amidst Gloomy Market Mood The Pound (GBP) fell sharply through yesterday’s session as the UK currency fell victim to a souring … read more
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Today’s Exchange Rate News: US Dollar Slumps as Fed Paints Clear Picture of Ultra Low Interest Rates for Foreseeable Future Daily Update
June 11 2020Pound (GBP) Gains Despite Dire Warning from the OECD The Pound (GBP) ticked higher through Wednesday’s trading session, appreciating on the back … read more
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Today’s Exchange Rate News: Euro Rallies as Eurozone GDP Revised Higher Daily Update
June 10 2020Pound (GBP) Cements Status as Risk Sensitive Currency The Pound (GBP) continued to behave like a risk sensitive currency through yesterday’s … read more
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Today’s Currency News: GBP/USD Holds Above $1.27 but Brexit Clouds Limit Gains Daily Update
June 9 2020Pound (GBP) Extends Rally Despite Brexit Uncertainty The Pound (GBP) ticked higher yesterday, maintaining its upward momentum from the end of last … read more
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Today’s Currency News: Euro Rallies as ECB Expands its PEPP Scheme by €600bn Daily Update
June 5 2020Pound (GBP) Slips on Ongoing Brexit Concerns The Pound (GBP) was on the back foot through the majority of yesterday’s session, undermined by … read more
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Today’s Exchange Rate News: Pound Slips as BoE Warns Banks to Step Up Plans for a No-Deal Brexit Daily Update
June 4 2020Pound (GBP) Slips on BoE’s Brexit Warning to Banks The Pound (GBP) was on the back foot yesterday, with market concerns over Brexit resurfacing … read more
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GBP/AUD Exchange Rate Rangebound as Australia Reports Historic Slump in Retail Sales Daily Update
GBP/AUD Exchange Rate Flat on Australia Retail Sales Figures The Pound to Australian Dollar (GBP/AUD) exchange rate is rangebound this morning as … read more
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Today’s Currency News: US Dollar Sell-Off Grows as Trump Threatens Military Action Against US Protestors Daily Update
June 3 2020Pound (GBP) Upside Capped by Brexit Uncertainty The Pound (GBP) found modest gains yesterday as an upbeat market mood offered some support to the … read more
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Today’s Exchange Rate News: US Dollar nosedives as US Experiences Worst Civil Unrest Since 1968 Daily Update
June 2 2020Pound (GBP) Gains as Manufacturing PMI Meets Expectations The Pound (GBP) edged higher at the start of this week’s session in response to the … read more
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Today’s Exchange Rate News: US Dollar Fluctuates as US Revokes Hong Kong’s Preferential Treatment Daily Update
June 1 2020Pound (GBP) Muted on Ongoing Brexit Concerns The Pound (GBP) was mostly directionless at the end of last week’s session as the growing risk of a … read more