Daily Update
Daily updates on how key currencies are performing in the currency markets.
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Today’s Exchange Rate News: US Dollar Stumbles as US GDP Revised Down to New Decade Low Daily Update
May 29 2020Pound (GBP) Gains Despite Concerns for Brexit and Negative Interest Rates The Pound (GBP) crept higher on Thursday, strengthening in spite of … read more
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Today’s Currency News: Euro Surges as EU Proposes €750bn Coronavirus Recovery Fund Daily Update
May 28 2020Pound (GBP) Dented by No-Deal Brexit Fears The Pound (GBP) tumbled during yesterday’s trading session as revived fears of a no-deal Brexit took … read more
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Today’s Exchange Rate News: GBP/USD Surges to $1.23 as UK Set to Reopen Economy in June Daily Update
May 27 2020Pound (GBP) Rallies as UK Prepares to Reopen The Pound (GBP) punched higher during yesterday’s session, rallying on hopes that the UK economy … read more
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Today’s Currency News: Pound Fluctuates, US Dollar Responds to Shifting Risk Appetite Daily Update
May 26 2020Pound Fluctuates as UK Borrowing Surges At the close of last week UK government borrowing rose to its highest level on record in April, reflecting … read more
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Today’s Currency News: Sterling’s Struggles Continue after Dramatic Drop in UK Consumer Spending Daily Update
May 22 2020Pound (GBP) Remains on the Back Foot after Retail Sales Data The Pound’s struggles continued on Thursday despite both the UK manufacturing and … read more
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Today’s Currency News: Pound (GBP) Extends Slump as BoE Fails to Rule out Negative Rates Daily Update
May 21 2020BoE’s Refusal to Rule out Negative Rates Weighs on Pound (GBP) Comments from Bank of England (BoE) Governor Andrew Bailey prompted fresh … read more
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Today’s Currency News: Pound (GBP) Declines as Inflation Falls and Rolls-Royce Announces Job Cuts Daily Update
May 20 2020Pound (GBP) Exchange Rates Give up Gains after Inflation Data The Pound advanced on both the Euro and US Dollar yesterday despite a sharp increase … read more
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Today’s Currency News: Pound Exchange Rates Gain Despite Surge in Claims for Unemployment Benefits Daily Update
May 19 2020Pound (GBP) Exchange Rates Recover Rate-Related Losses Support for the Pound proved limited at the start of the week thanks to comments from Bank of … read more
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Today’s Currency News: GBP/EUR Exchange Rate Sinks to Six-Week Low as Brexit Talks make ‘Very Little Progress’ Daily Update
May 18 2020Pound (GBP) Nosedives on No-Deal Brexit Fears The Pound (GBP) tumbled at the end of last week’s session in response to renewed Brexit … read more
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Today’s Exchange Rate News: US Dollar Surges on Fresh US-China Trade War Fears Daily Update
May 15 2020Pound (GBP) Flat as BoE Hints at More QE The Pound (GBP) was mostly flat through yesterday’s trading session as concerns over the UK’s … read more