Daily Update
Daily updates on how key currencies are performing in the currency markets.
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GBP/EUR Strikes 1-Week Low on ECB Tightening Speculation Daily Update
July 7 2017Pound Sterling Sturdy as Traders Weigh BoE Rate Hike Probability Demand for the Pound improved yesterday following a week of soft private sector PMI … read more
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Sterling Survives 4-Month Low Service Sector Print Daily Update
July 6 2017Pound Sterling Demand Remains Soft as UK Services PMI Hits 4-Month Low Demand for the Pound remained soft yesterday as a minor downtick in the UK … read more
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GBP CAD Exchange Rate Plunges to 2.5-Month Low on Hawkish BoC Rhetoric Daily Update
July 5 2017Sterling Drifts Lower Ahead of UK Services PMI The Pound traded broadly lower across the board yesterday as UK construction activity softened The … read more
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Sterling Suffers as UK Manufacturing PMI Stutters Daily Update
July 4 2017The Pound suffered losses versus most of the majors yesterday in reaction to a two-point drop in the UK’s manufacturing PMI Markit’s latest … read more
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Pound Hits 5-Week High vs US Dollar Daily Update
July 3 2017Pound Sterling (GBP) Posts Quarter-end Gains as GDP Meets Expectations Sterling posted subtle gains against most of the majors on Friday as traders … read more
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BoE Governor Mark Carney Sends Sterling Surging on Rate Hike Bets Daily Update
June 29 2017Sterling made rampant gains across the board yesterday in response to comments from Bank of England Governor Mark Carney suggesting that some … read more
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GBP/USD Rallies as IMF Cuts US GDP Forecasts on Trump Policy Concerns Daily Update
June 28 2017Pound Sterling Sturdy as Bank of England Tightens Credit Conditions Bank of England Governor Mark Carney announced yesterday that British banks … read more
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Tory-DUP Deal Fails to Lift Sterling Daily Update
June 27 2017Pound Sterling (GBP) Fails To Hold Gains Despite DUP Deal After two weeks of negotiations Theresa May finally managed to strike a deal with the … read more
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Pound Seesaws after Theresa May’s Offer to EU Citizens Daily Update
June 26 2017Sterling The Pound was on strong form on Friday, after what markets considered to be a decent offer to EU citizens currently living in the UK on … read more
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Pound Rises as Theresa May Guarantees Rights of EU Citizens in UK Daily Update
June 23 2017Sterling Pound Sterling softened yesterday as markets were awaiting the outcome of Theresa May’s trip to Brussels, during which she was set to … read more