Daily Update

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

• Political Uncertainty Causes Dip In Demand For Sterling Daily Update

  May 30 2017

  Sterling Sterling declined sharply last Friday as traders reacted to new polls that put Labour’s Jeremy Corbyn just five points behind Tory Prime … read more

• Sterling Slides As UK GDP Disappoints Daily Update

  May 26 2017

  Sterling An unexpected downgrade to first quarter growth weighed on Sterling yesterday, prompting mild losses against most of the majors The Office … read more

• GBP/USD Rallies Following Cautious Fed Minutes Report Daily Update

  May 25 2017

  Sterling With no significant new domestic data releases to contend with, Sterling traders mulled over news that Britons’ expectations for … read more

• GBP Fluctuates As Deficit Widens Daily Update

  May 24 2017

  Sterling Sterling stuttered yesterday morning as the UK budget deficit for April came in wider-than-expected The Office for National Statistics … read more

• GBP/EUR Succumbs To 50-Day Low As Merkel Sparks Euro Buying Daily Update

  May 23 2017

  Sterling The Pound got off to a rocky start this week as traders sold out of Sterling on fears that a closer-than-anticipated election could impact … read more

• Pound Back Above Resistance Vs. US Dollar Daily Update

  May 22 2017

  Sterling The Pound was treated to more positive data on Friday with UK factory orders printing at the highest level for over two years The … read more

• 'Flash Crash' Takes Shine Off Sturdy UK Retail Report Daily Update

  May 19 2017

  Sterling Sterling enjoyed a day of gains across the board yesterday as markets reacted positively to a sanguine UK retail sales report With British … read more

• 'Cable' Rallies As UK Employment Hits All-Time High Daily Update

  May 18 2017

  Sterling The Pound registered mild gains versus the majors yesterday in reaction to a surprise dip in the British jobless rate UK unemployment fell … read more

• Sterling Stumbles Ahead Of Wage Growth Figure Daily Update

  May 17 2017

  Sterling Sterling lost out against the majors yesterday, even though UK inflation printed higher-than-anticipated Data showed that CPI rose from … read more

• Sterling Needs Strong Inflation Print To Rally Daily Update

  May 16 2017

  Sterling The Pound could rise this morning if the latest UK consumer price index climbs from 23% to 26% as expected This would represent a fresh … read more