Daily Update
Daily updates on how key currencies are performing in the currency markets.
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GBP/EUR sinks to fresh 30-month low as Labour to scrap income tax hike plans Daily Update
November 14 2025Pound (GBP) weighed down by weaker growth The pound (GBP) struggled on Thursday after the UK’s latest GDP reading undershot … read more
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Pound weighed down by spectre of political uncertainty Daily Update
November 13 2025Pound (GBP) pressured by Labour leadership rumours The pound (GBP) stumbled again yesterday as speculation swirled that Prime Minister Keir Starmer … read more
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US dollar weakens as traders price in Fed rate cuts Daily Update
November 12 2025Pound (GBP) slides as labour market data sparks BoE easing bets The pound (GBP) stumbled yesterday after a disappointing UK jobs report strengthened … read more
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Pound tumbles as UK unemployment jumps to four-year high Daily Update
November 11 2025Pound (GBP) advance tempered by autumn budget concerns The pound (GBP) ticked higher on Monday, drawing support from the improved mood across global … read more
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US dollar slides as US consumer morale nosedives Daily Update
November 10 2025Pound (GBP) weighed down by renewed BoE rate cut bets The pound (GBP) drifted lower at the end of last week, as markets reacted belatedly to the … read more
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Pound mounts recovery despite BoE’s dovish hold Daily Update
November 7 2025Pound (GBP) rebounds as BoE holds rates steady The pound (GBP) firmed on Thursday after the Bank of England (BoE) opted to keep interest rates … read more
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Pound finds support as PMI exceeds expectations Daily Update
November 6 2025Pound (GBP) supported by stronger PMI The pound (GBP) clawed back some ground yesterday after the UK’s services PMI for October was revised … read more
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US dollar climbs to multi-month highs as risk aversion dominates Daily Update
November 5 2025Pound (GBP) slides following pre-budget comments The pound (GBP) weakened against its major peers yesterday after Chancellor Rachel Reeves used a … read more
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US dollar buoyed amid Fed afterglow Daily Update
November 4 2025Pound (GBP) drifts amid data void The pound (GBP) traded without a clear direction yesterday as a lack of UK economic releases left Sterling … read more
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US dollar continues climbing in wake of Fed meeting Daily Update
November 3 2025Pound (GBP) subdued amid BoE rate cut speculation The pound (GBP) weakened at the end of last week as speculation grew that the Bank of England … read more