Daily Update

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

• Sluggish Day for Data Keeps GBP Muted Daily Update

  July 11 2017

  Pound Left Rudderless Thanks to Empty Economic Data Calendar There was little in the way of fresh developments yesterday to move Sterling The Pound … read more

• Pound Edges Higher, Battered by UK Production Data Daily Update

  July 10 2017

  Pound Tumbles as Poor Industry Data Weighs on Economic Outlook The Pound starts this week edging up from Friday’s lows The production and trade … read more

• GBP/EUR Strikes 1-Week Low on ECB Tightening Speculation Daily Update

  July 7 2017

  Pound 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

• Sterling Survives 4-Month Low Service Sector Print Daily Update

  July 6 2017

  Pound 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

• GBP CAD Exchange Rate Plunges to 2.5-Month Low on Hawkish BoC Rhetoric Daily Update

  July 5 2017

  Sterling Drifts Lower Ahead of UK Services PMI The Pound traded broadly lower across the board yesterday as UK construction activity softened The … read more

• Sterling Suffers as UK Manufacturing PMI Stutters Daily Update

  July 4 2017

  The 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

• Pound Hits 5-Week High vs US Dollar Daily Update

  July 3 2017

  Pound 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

• BoE Governor Mark Carney Sends Sterling Surging on Rate Hike Bets Daily Update

  June 29 2017

  Sterling made rampant gains across the board yesterday in response to comments from Bank of England Governor Mark Carney suggesting that some … read more

• GBP/USD Rallies as IMF Cuts US GDP Forecasts on Trump Policy Concerns Daily Update

  June 28 2017

  Pound Sterling Sturdy as Bank of England Tightens Credit Conditions Bank of England Governor Mark Carney announced yesterday that British banks … read more

• Tory-DUP Deal Fails to Lift Sterling Daily Update

  June 27 2017

  Pound 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