Daily Update

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

• GBP/EUR Snaps Four Days Of Losses Daily Update

  March 3 2017

  Sterling British data yesterday showed that construction output accelerated slightly in February thanks to growth in civil engineering The UK storms … read more

• GBP/USD Hits 5-Week Low On Hawkish Fed Bets Daily Update

  March 2 2017

  Sterling The Pound suffered versus most of the majors yesterday following a softer-than-anticipated UK manufacturing PMI print February’s factory … read more

• US Dollar Flat As Trump Shies Away From Policy Details Daily Update

  March 1 2017

  Sterling Demand for the Pound remained constrained by Brexit tail risks yesterday as investors continued digesting rumours that Scotland would be … read more

• Brexit-Related Jitters Send Sterling Reeling Daily Update

  February 28 2017

  Sterling The Pound suffered steep losses at the start of the week due to fears that Brexit-related issues could weaken the UK’s economic … read more

• Profit Taking Takes Pound Lower Daily Update

  February 27 2017

  Sterling UK mortgage approvals struck a 12-month high on Friday but it was not enough to stoke demand for the Pound, which sustained losses as … read more

• 'Cable' Strikes Fortnightly High Daily Update

  February 24 2017

  Sterling Data released yesterday morning showed that UK retail sales rebounded in February following a worrying contraction at the beginning of the … read more

• Pound Stutters As Business Investment Drops Daily Update

  February 23 2017

  Sterling Having bought the Pound on Tuesday afternoon ahead of yesterday’s UK GDP report, traders cashed in on Sterling’s appreciation by … read more

• Sterling Rallies Against Majors Ahead Of UK GDP Daily Update

  February 22 2017

  Sterling Despite a neutral message from Bank of England Governor Mark Carney the Pound managed to rally versus most of the majors yesterday ahead of … read more

• Sterling Rallies On 2-Year High Manufacturing Print Daily Update

  February 21 2017

  Sterling After a testing end to last week’s session, demand for the Pound picked up yesterday as traders reacted favourably to the latest … read more

• Worst Retail Sales Trend Since 2000 Drags On Sterling Daily Update

  February 20 2017

  Sterling The Pound plummeted versus the majors again on Friday in reaction to news that British consumers reined in their spending at the start of … read more