Daily Update

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

• 'Cable' Rallies Despite Fed Hike Daily Update

  March 16 2017

  Sterling For the second day in a row, Sterling was subject to marked volatility around 6AM yesterday morning Having tumbled on Tuesday morning, the … read more

• Brexit Fears Drag Pound Lower Again Daily Update

  March 15 2017

  Sterling Markets appeared to react to news of the proposed second Scottish independence referendum and the imminent triggering of Brexit yesterday … read more

• GBP ZAR Trends Narrowly Despite Solid SA Production Data Daily Update

  March 14 2017

  In a boost to the GBP ZAR exchange rate the fourth quarter South African gross domestic product report proved rather discouraging GDP growth was … read more

• Sterling Strengthens Despite Second Scottish Referendum News Daily Update

  Sterling The Pound recovered some ground versus the majors on Monday following a spate of losses last week There were no key data releases on the … read more

• Surging Fed Rate Hike Bets Fail To Lift US Dollar Daily Update

  March 13 2017

  Sterling Demand for Sterling remained soft on Friday as traders continued fretting over the potential consequences of Britain’s imminent exit from … read more

• Euro Recovers on Draghi’s Uncharacteristic Positivity Daily Update

  March 10 2017

  Sterling A lack of notable data from the UK yesterday left the Pound on bearish form, with investors remaining focussed on Philip Hammond’s rather … read more

• Spring Budget Supports Sterling But 7-Week Lows Remain In Sight Daily Update

  March 9 2017

  Sterling The Pound found respite following Chancellor Philip Hammond’s Spring Budget yesterday, however, Sterling had already lost ground versus … read more

• Pound Hits 7-Week Lows Daily Update

  March 8 2017

  Sterling The Pound tumbled against most of the majors yesterday as new data added weight to the argument that rising inflation could detract from UK … read more

• Pound to Euro Exchange Rate Touches 6-Week Low Daily Update

  March 7 2017

  Sterling Following last week’s disappointing performance the Pound continued to slide at the beginning of this week’s session Worries over … read more

• Sterling Suffers As UK Service Sector Slows Daily Update

  March 6 2017

  Sterling The Pound suffered losses against some of the majors on Friday as traders reacted to an unexpected slowdown in UK services output The … read more