Daily Update

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

• Sterling Hits New 10-Month Low Versus Single Currency Daily Update

  August 22 2017

  Talk of Winding Down QE Fails to Lift Sterling The Pound remained at depressed levels versus most of the majors yesterday as markets continued to … read more

• Pound Weakens Across the Board Daily Update

  August 21 2017

  Pound Sterling Close to 8-Month Trade-Weighted Low The Pound lost ground against the majors on Friday as bearish Bank of England bets continued to … read more

• Dovish ECB Helps GBP/EUR Exchange Rate Rally Daily Update

  August 18 2017

  Pound Sterling Steady Following UK Retail Sales Report Data yesterday showed better-than-anticipated (but still fairly subdued) UK retail growth in … read more

• Pound Rallies vs US Dollar as UK Unemployment Hits New 42-Year Low Daily Update

  August 17 2017

  Pound Sterling Rebounds on Strong Labour Report The Pound enjoyed a reprieve against some of the majors yesterday morning, rallying in response to a … read more

• Pound Plummets on Surprise UK Inflation Print Daily Update

  August 16 2017

  Pound Sterling Sinks as UK Inflation Disappoints Bank of England rate hike bets softened yesterday, dragging Sterling lower with them, following … read more

• Sterling Could Slide on Soft UK CPI Inflation Print Daily Update

  August 15 2017

  Demand for Pound Sterling Could Rise or Fall on UK Inflation Print After a fairly quiet week of domestic data prints, investors finally have … read more

• Pound to Euro Exchange Rate Slides to 10-Month Low Daily Update

  August 14 2017

  Demand for Pound Remains Weak Despite Hawkish BoE Comments Demand for the Pound remained broadly weak on Friday despite comments from Bank of … read more

• Widening UK Trade Deficit Weakens Demand for Sterling Daily Update

  August 11 2017

  Pound Sterling Stutters as UK Deficit Widens The Pound weakened across the board yesterday as Britain’s rising trade deficit weighed on economic … read more

• 'Cable' Rises Through Psychological Resistance Daily Update

  August 10 2017

  Pound Sterling Could Weaken on Soft UK Data Prints The Pound failed to register any meaningful gains or sustain any marked losses yesterday, as … read more

• Sterling Suffers Further Losses in Quiet Trade Daily Update

  August 9 2017

  Pound Sterling Weakens as Dovish BoE Bets Drag The fallout from last Thursday’s Bank of England policy statement, where the UK central bank voted … read more